Electricity
Trading master agreement updated for UK power
The London-based Futures and Options Association (FOA) has released new standardised power trading documentation for the UK.
Edison needs "broad EDF shoulders" says exec
A senior executive at Italian utility Edison has said the company would benefit from a takeover by a larger European utility, possibly Electricité de France (EDF). “Edison is too small in the long run to always remain independent,” he says. “So we need…
APX restructures and hires senior staff
APX Group, which provides exchanges for natural gas and power trading across northwest Europe, will move London-based power exchange UKPX’s forwards market onto its own system on August 18. The group has also made several senior appointments following…
El Paso sells four power plants
Houston-based energy company El Paso Corp is continuing its mass sell-off of assets by closing the sale of a further four power plants to Northern Star Generation. El Paso Merchant Energy, a business unit of El Paso Corp, sold the facilities on July 2…
Nordic volumes heading south
Nordic region electricity trading volumes are falling fast, which is damagingprofits at Oslo-based power exchange Nord Pool. The company may face postinga loss for 2004 if it cannot reverse this trend. Joe Marsh reports
Energising Houston
Bear Stearns created its Houston-based energy group to acquire and optimise powergeneration assets in North America. And the business is going from strength tostrength, says its managing director Pamela Baden. PaulLyon reports
Energising Houston
Bear Stearns created its Houston-based energy group to acquire and optimise powergeneration assets in North America. And the business is going from strength-to-strength,says its managing director Pamela Baden. Paul Lyon report
Canadian power utility selects SoftSmiths
Canadian utility Energie NB Power has signed up to use Houston-based SoftSmiths' Electronic Tagging Portal Suite (ETPS) and e-Link Integration solution to manage its energy delivery transactions.
APX restructures, makes senior hires
Amsterdam-based APX Group, which provides exchanges for natural gas and power trading across northwest Europe, will move London-based power exchange UKPX’s forwards market onto its own system on August 18. The group has also made several senior…
Amerex to distribute market data on GlobalView
Energy broker Amerex is to distribute its power and natural gas market data through GlobalView Software, the Houston-based provider of data management solutions for the energy markets.
Barclays Capital begins US power trading
Barclays Capital has completed its first US power swap, a trade which represents the start of its commodities business expansion into the Americas.
Dutch minister stakes career on energy liberalisation
The Dutch minister for economic affairs, Laurens Jan Brinkhorst is staking his political future on the success of electricity market liberalisation, claiming he will step down if security of electricity supply is threatened.
California grid operator names interim CEO
The California independent system operator (Cal ISO) has hired Marcie Edwards as interim chief executive, while it seeks a permanent replacement for Terry Winter who resigned on June 1.
Options trading on EEX by year-end
Members of the European Energy Exchange (EEX) will be able to trade power options on the exchange by the end of 2004, with training and trading simulation for members beginning in July.
Ferc hires head of reliability division
US interstate energy regulator the Federal Energy Regulatory Commission (Ferc) has named Joseph McClelland as director of its Division of Reliability in the Office of Markets, Tariffs and Rates. McClelland will develop policies, programmes and strategies…
Senator releases Enron evidence
US Senator Maria Cantwell (Democrat, Washington) and Washington State’s Snohomish County Public Utility District (PUD) yesterday released financial documents and audiotapes that allegedly show how Enron illegally obtained at least $1.1 billion in profits…
Nord Pool entices Russian companies
A delegation of Russian companies yesterday met with Nord Pool to discuss the possibility of becoming members of the Oslo-based electricity exchange.
Entergy and Koch consider selling energy trading business
New Orleans-based Entergy Corporation and Wichita’s Koch Industries today said they are considering selling their energy trading business Entergy-Koch Trading (EKT).
Covering all the bases
Abstract: Many articles have discussed constructing models for either spot or forward prices. Yet none cover the whole process of constructing a joint model for both. Here, Andreas Huber and Monika Krca develop a multi-factor model that captures both the…
Trayport alliance to offer streamlined trading
Trayport, the software company behind trading platform GlobalVision, has entered into an alliance with Excelergy Corporation to offer a flexible package combining Excelergy’s trading and retail solutions with Trayport’s front-end energy trading platform.
The fuel of the future?
Could coal as a source of electricity generation be back on the monitors of many US utilities? Logical Information Machines’ Sandy Fielden looks at the reasons behind higher coal prices in the country and considers whether coal can really compete in the…
Northwest in excess
The Bonneville Power Administration’s power buyback scheme to tackle electricity shortages in the US Pacific Northwest in 2001 has worked rather too well. The region was left with bankrupt aluminium producers and a surplus of power that is not proving…
IPE puts back relaunch of power futures
London’s International Petroleum Exchange (IPE) has put back its relaunch date for UK electricity futures – it will now start listing them by the end of September. The exchange had originally intended to launch the contracts around the end of this month.
TXU and CSFB form energy trading company
Dallas-based TXU has entered into a joint partnership with Credit Suisse First Boston (CSFB) to create an independent entity to market and trade power, natural gas and other energy-related commodities in North America.