Method and computerized system for reducing risk in an energy industry

A computer-readable medium comprising computer-executable instructions for preparing a contingent benefit conferring obligation for reducing an actual risk assumed by a risk assuming at least one of a plurality of parties, wherein at least one of said parties supplies electric power to at least one other of said parties, and if an unplanned at least partial failure to supply said electric power occurs, said risk assuming at least one of said parties actually assumes said risk, said computer-executable instructions comprising:

• instructions for designating data indicative of at least one factor associated with said supplying of electric power and for identifying if an unplanned at least partial failure to supply said electric power which occurs is a qualifying failure;
• instructions for designating data indicative of a compensation which will at least partially reduce said assumed risk if an unplanned at least partial failure to supply said electric power occurs and is determined to be a qualifying failure;
• and,
• instructions for generating at least one document associated with said contingent benefit conferring obligation at least partially dependently upon said designated data indicative of at least one factor and said designated data indicative of said compensation;
• wherein, said benefit conferring obligation is between said risk assuming at least one of said parties and at least one other party, and wherein said at least one other party agrees to provide said compensation to said risk assuming at least one of said parties if an unplanned at least partial failure to supply said electric power occurs and is determined to be a qualifying failure.