Articles by Stella Farrington
UK Electricity Market Reform welcomed by energy chiefs
Energy executives welcome the UK government's Electricity Market Reform at a conference in London, despite some differences between speakers on the finer details and likely future of the legislation
UK competition probe will 'rebuild trust' says EDF Energy chief
Vincent de Rivaz, the chief executive of supplier EDF Energy, says he supports a proposal by Ofgem to refer the UK energy market to the Competition and Markets Authority
Quants: how they shaped the modern energy market
Nowadays, quants are well established in energy trading. But the original introduction of quantitative techniques to the industry was far from straightforward, with a lot of hard work involved in adapting financial market models to the energy arena…
Tradition’s Pinchin looks back on successes and failures
David Pinchin, co-founder of Tradition Financial Services, speaks to Stella Farrington about his 30-year career in derivatives markets and how it informs his more recent work with disadvantaged youths
Carbon reform may be shaken by European Parliament vote
Proposals designed to address the problem of oversupply in the EU ETS – including the EC’s proposal for a market stability reserve – are likely to become harder to pass thanks to recent elections, say analysts
Quant energy models need greater emphasis on fundamentals
Boom in shale oil and gas extraction, and growth in renewables underline importance of reflecting fundamental factors in quant models, argue experts
OIES trying to fuel debate on energy markets, says Fattouh
Unlike other research houses, the Oxford Institute for Energy Studies does not toe a single editorial line and occasionally publishes opposing views on the same topic. But far from being a drawback, that is what makes the institute great, argues…
Power market coupling could spur derivatives activity
Market coupling may result in greater derivatives use and falling participation in both explicit auctions and physical nominations, survey finds
Firms expect power market coupling to have tangible impact
The process of power market coupling is continuing across Europe, with the largest and most ambitious project to date going live in February. But how do market participants feel about market coupling and how it will affect their businesses? Stella…
Renewables risk derailing benefits of EU power integration
Renewable subsidies and capacity payments threaten to quell advantages brought about by European electricity market coupling, complain industry participants
Coal derivatives market fosters burning ambition
Increased attention from both traders and hedgers is providing a boost to the coal derivatives market, say participants, fuelling the success of the API 8 index linked to Chinese coal imports and stimulating further product development efforts elsewhere…
Coal derivatives market fired up by new participants
Commodity traders and physical producers move into coal derivatives as major banks retreat
Off-the-shelf ETRM software taking off, survey reveals
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require significant customisation and rarely meet all their ETRM needs…
Oil benchmarks need reform, says Vitol's Taylor
Oil industry needs to make issue of dwindling benchmark production a top priority, says Vitol chief
Energy firms' systems not ready for regulation, survey finds
ETRM systems are ill-prepared for financial and energy market regulation, according to Energy Risk survey
UK power special report
UK Electricity Market Reform will have major ramifications for power market participants. Stella Farrington explores the likely impact
UK power reforms set to make prices lower and more volatile
Market participants not doing enough to adjust to likely effects of EMR, say experts, including volatility and low prices
EMR may rescue UK renewable PPA market
UK Electricity Market Reform expected to give boost to flagging power purchase agreement market for renewable generators
Concerns remain on plans to bolster UK renewables via CFDs
The UK government hopes to deliver a healthy boost to low-carbon generation through a market for contracts-for-difference. While electricity market participants are upbeat about the proposals, there are lingering concerns about how effective it will be…
Capacity market set to provide UK's back-up plan
An important part of UK Electricity Market Reform is the launch of a capacity market, with the first auction due to take place in December 2014. Despite initial opposition, market participants have gradually come around to the idea. Stella Farrington…
EMR heralds greater government intervention in UK power
UK Electricity Market Reform, which is set to come into effect in July, will introduce a level of government intervention not seen in the country’s power market since the early 1990s. The impact will be felt by UK power firms and could ripple across…
UK power firms call for quick implementation of EMR
Despite worries about UK Electricity Market Reform, market participants call on government to press ahead
Acer investigated 10 potential breaches of Remit in 2012
Acer probed 10 cases under Remit in 2012, agency says, in report that sheds light on the development of monitoring regime
Tradition's Mike Anderson cheerful despite headwinds for energy brokers
Regulatory change and tough market conditions are creating deep uncertainty for energy brokers. But Tradition’s Mike Anderson remains optimistic about the business, he tells Stella Farrington