Electricity
Exelon proposes NRG merger
Exelon Corporation has announced details of a $6.2bn proposal to acquire NRG Energy, a merger that would create the largest US power company in terms of assets, market capitalisation, enterprise value and generating capacity.
RTS to launch power and weather futures
The futures and options wing of Moscow-based stock exchange Russian Trading System, RTS-FORTS, is planning to launch electricity and weather futures contracts in 2009.
Trayport and Icap extend GlobalVision agreement for 3 years
Trading software provider Trayport today extended an agreement with interdealer broker Icap Energy for the use of electronic system GlobalVision until 2011.
TSOs unite in step towards pan-European power market
The European Commission has given the go ahead for the creation of the Capacity Allocation Service Company for the Central West-European market (CASC-CWE) in a move towards a regional electricity market across five European countries.
APX Group buys Endex
Amsterdam-based exchange operator APX Group has purchased fellow Dutch energy exchange company Endex for an undisclosed fee, and plans to merge the two businesses.
EDF to buy British Energy
French utility EDF has agreed to pay £12 billion for nuclear generator British Energy. EDF has also signed a memorandum of understanding with Centrica that will allow the UK utility to take a 25% stake in British Energy for £3 billion.
Merrill Lynch European power market expansion plans remain in place
Merrill Lynch’s plans to expand further into European power markets remain unaffected by the bank’s impending merger with Bank of America, says Rupen Tanna, managing director and co-head of commodities.
Power struggle
Forward liquidity has been lacking in the UK power market since 2002, and attempts to improve the situation have met with little success. Roderick Bruce considers what the future may hold for UK power trading
Market focus
Northern Europe’s power generation fleet is set to undergo drastic changes going into the next decade due to regulation and retirements. Point Carbon analysts Paulo Homen Cristo and Mauricio Bermudez-Neubauer outline the potential impacts these factors…
The price isn’t right
Shifting European power marketstructures and fundamentalsmake price risk management formajor consumers a real challenge.Noreen Guy and Damien Coxexamine the most effectiveprocurement strategies