• Develop, execute and manage a sound hedging program based on a thorough understanding of your company's needs and risk tolerance?
• Accurately define your company's hedging goals and objectives and turn said goals and objectives into a proper energy risk management policy?
• Assess the company's hedge position(s) relative to your defined goals and objectives and realign it if your position is off-course?
• Create and modify your hedging objective(s) for the next quarter, the next year, and the next three years as well as determining the most appropriate success benchmarks?
• Take responsibility for not only ensuring that you are utilizing a solid energy hedging strategy(s) but also ensuring that the strategy is being properly executed?
• Ensure that you are receiving the best possible prices from your bank, broker or marketer?
• Stay up to date regarding "new" hedging instruments (i.e. Clearport products) and strategies as well as best practices?
• Understand the accounting implications of your hedging strategies?
• Accurately and efficiently explain your hedging strategies and positions to your owners, shareholders, management, board of directors, and/or auditors?

Here's your scorecard:

9 Out of 9: Perfectly suited as a Chief Energy Hedging Officer. Now, go execute.

8 Out of 9: Ready to take the reins but be sure you have the right team to help you deliver winning results.

7 Out of 9: One more skill-set and you'll be ready to lead.

6 Out of 9: On the right track. Close your skill gaps (i.e. attend an energy hedging seminars) then, apply them.

Less than 6: It's time to bring in an energy hedging expert.

What's your score?  What are you doing to improve your hedging expertise?