Electricity
Spark-spread option valuation
In this next article of the Masterclass series, Lacima Group focus on power trading and detail how industry practitioners typically value the flexibility of generation assets as real options while taking operating constraints into account
Wind energy: oversize methodology
Operating wind farms to optimal efficiency is difficult to achieve. Andrés Cortés, Eduardo Martín and Enrique Doheijo of Deloitte discuss their method for improving the use of wind and its integration in power grids
EGL opens UK office
EGL (Elektrizitäts-Gesellschaft Laufenburg), an asset-backed Swiss energy trading firm that forms part of supply company Axpo Group, is to open a London office under the name EGL UK.
Reliant completes sale and changes name to RRI
Reliant Energy today completed the sale of its Texas retail business to NRG Energy and announced it will change its name to RRI Energy, effective May 2, 2009.
Ukraine's next generation
DTEK, Ukraine's only privately owned power utility, wants to become a leading energy player linking Ukraine, Russia and Europe. Roderick Bruce meets Vitaly Butenko, DTEK's chief strategy officer, to discuss the company's progress and plans for expansion…
Russia rewires
The break-up of Russia's power monopoly, RAO Unified Energy System, in July 2008 heralded a new dawn for the sector and a key point in the lengthy liberalisation process. But privatisation coincided with the economy's crash. Roderick Bruce examines the…
Smart thinking
Updating ageing power transmission infrastructure with smart grid technology must be a top priority if the US is to meet growing demand while fully harnessing the potential of renewable energy. By Pauline McCallion
Vattenfall enters UK power market
Vattenfall Trading Services has started trading over-the-counter and exchange wholesale power in the UK from its Hamburg office.
Constellation refocuses
Loss-making firm Constellation Energy looks to restructure and focus on power generation after rejecting a merger deal with MidAmerican
Vattenfall to buy Nuon's production and supply business
In the latest of a flurry of major utility M&A deals, energy firm Vattenfall swoops for Nuon with a view to further cross-border expansion
Stimulus targets US transmission issues
Obama's stimulus plan will put key infrastructure in place to support the continued growth of renewable energy in the US, finds Pauline McCallion
Reliant sells Texas business to NRG and posts fourth quarter loss
In addition to the sale of its Texas retail business to NRG Energy for $287.5m, Reliant Energy has announced fourth quarter losses, including $177m from energy derivatives.
Uncertain outlook for US public power
Moody's has forecast a stable credit outlook for the US public power electric utility sector in 2009, but says the recession and environmental regulations could present challenges.
RWE restructures
RWE has announced plans to restructure its supply and distribution business in Germany and reorganise its ultra-high voltage grid as part of a €6.5 billion investment scheme.