Electricity
FOA launches UK power market initiative
The Futures and Options Association (FOA) has launched an initiative that aims to introduce a new design for wholesale UK power markets.
Ventyx acquires Global Energy Decisions
Ventyx, a service delivery management solution provider, today announced that it has acquired Global Energy Decisions, a provider of integrated software, data and advisory services to the utility industry, from private equity firm Quadrangle Group.
EOn creates EOn Energy Trading; reveals investment strategy
German utility EOn has announced plans to align its trading and power generation businesses “on more European lines,” according to a company statement, “in order to seize earnings and growth opportunities created by the integration of Europe’s energy…
The smart revolution
The smart grid is well on the way to becoming a reality, with some technologies already changing the economics of power supply. However, customers must be offered risk differentiated pricing for the real benefits of the smart grid to be realised, finds…
Bear Energy buys Williams Power assets
Bear Energy, a Houston-based, wholly owned subsidiary of Bear Stearns, has reached a deal to acquire “substantially all” of the power and natural gas assets comprising the power trading business of Williams Power Company.
Essent Energy Trading
Innovation of the Year
Barclays Capital
European Electricity House of the Year
Morgan Stanley
US Electricity House of the Year
Coral to acquire Avista
Coral Energy, a subsidiary of Shell Trading, has agreed to acquire all operating assets of Avista Energy, the energy marketing and trading subsidiary of Avista Corporation.
E-On reaches asset agreement with Enel/Acciona over Endesa bid
German energy utility E.On has withdrawn its bid for Spanish utility Endesa. The decision was taken after E.On reached agreement with rival joint-bidders Enel, an Italian utility, and Acciona, a Spanish construction and services company, to acquire some…
GM&T and Soteg sign power plant agreement
London-based Gazprom Marketing and Trading (GM&T), and Soteg, the main supplier of natural gas and electricity in Luxembourg, have signed a Memorandum of Understanding to form a joint venture for the construction of a combined cycle gas turbine plant in…
Macquarie Cook Power begins trading
The Macquarie Group, a global financial services firm, today announced the commencement of trading by Macquarie Cook Power, an electricity trading and marketing company servicing the US energy market.
Purchase timing risk management in electricity forward markets
Managing purchase timing risk is a constant issue for wholesale power buyers. Pavel Diko reviews products that reduce this risk, proposes a lookback option that can eliminate it completely and outlines a hedging strategy for the option writer
Finding the way forward
US wholesale power markets are currently the subject of much concern. As Ferc begins a review to improve competition, Edison Electric Institute's Richard McMahon suggests some key ways to move forward