Regulation
Mercury rising
US states fear a federal cap and trade programme intended to reduce mercury emissions will lead to mercury hot spots, along with the forced closure of plants within states that don't enter the scheme. Catherine Lacoursiere investigates
Peter Styles
An EFET board member, Peter Styles campaigns for fairer energy market trading conditions. He talks to Stella Farrington about his career and hopes for the future
Trading concerns
The convictions of Ken Lay and Jeffrey Skilling in May closed a sorry chapter in energy trading. But it should be noted that much of what was good about Enron remains. However, some are concerned that Enron-like innovation now risks being stifled by lack…
CFTC accuses BP of price manipulation
The US Commodity Futures Trading Commission (CFTC) has accused BP Products North America of price manipulation in the US propane market.
The end of an era?
Latin American governments are hiking taxes and forcing changes to contracts with oil and gas investors in a marked departure from the economic liberalisation of the 1990s. But reality may prompt a rethink, writes Maria Kielmas
Benefits of compliance
The Energy Policy Act of 2005 profoundly increases regulatory risk for energy market participants in the US, but implementing an effective compliance programme can have long-lasting benefits, writes former FERC executive William Hederman, Michael Griffen…
The impact of SOX on supply chain management
Of the many changes companies have had to introduce as a result of Sarbanes-Oxley legislation, the most useful one is arguably the integration of supply chain management with financial risk management, writes Raees Lakhani
globalCOAL and Icap settle dispute
globalCOAL and Icap Energy have settled the legal dispute between them on the use by Icap of price screens in NEWC coal swaps. Icap has formally agreed not to offer its clients electronic trading or indicative price services in NEWC or other globalCOAL…
Taking stock of SOX
Sarbanes Oxley has wide-ranging implications for US power companies on how they use, and record their use of, market data, writes Sandy Fielden
Special Report - Energy prices - Rising cost burden
German energy policy is hampering competitiveness, industry claims
Matrix-based IAS 39hedge accounting
This paper outlines a method that facilitates IAS 39 hedge accounting. Thekey element is the representation of hedging instruments by an allocationmatrix. Giel Halberstadt’s method can easily be applied in any commodity orfinancial trading company
GlobalCoal wins injunction against Icap
The Court of Appeal in London today awarded GlobalCoal an interim injunction against Icap Energy in a dispute over an alleged breach of GlobalCoal’s product licence agreement (PLA), pending trial. GlobalCoal may now seek damages.
Nymex's death knell to floor?
The New York Mercantile Exchange's decision to introduce side-by-side electronic and open-outcry trading heralds the beginning of the end for its floor trade, many market participants believe