Power
UK power grid needs investment to keep lights on in future
The lights stayed on in the UK last winter, despite thin supply margins and outages at important base-load power plants. But the country’s capacity crunch isn’t going away, and utilities will have to work harder to optimise their output in future, argues…
Capacity mechanisms spark concern from power traders
Zest for subsidies could threaten plans for unified EU electricity market, argue power traders
Market manipulation push is widening the compliance gap
European and US energy regulators must decide how aggressive they wish to be when it comes to enforcing fraud-based anti-manipulation rules. Taking things too far could harm market efficiency and stifle the benefits of competition, argue Shaun Ledgerwood…
Energy traders seek deal on Remit delegated reporting
Efet is working to prepare a standard framework for delegated reporting under Remit with energy exchanges and brokers, before an October deadline for reporting kicks in
Robust valuation and hedging of tolling agreements and physical assets
Krzysztof Wolyniec shows how very robust valuation bounds of tolling agreements can be obtained without modelling the dispatch process or the underlying price process. This flexible method, which uses martingale duality, provides a reliable valuation…
JP Morgan exits power markets with Mercuria deal
Electricity firms are gloomy about JP Morgan’s departure from power markets, saying trading houses and oil majors are not providing the same level of liquidity as banks once did
Looking back: Neta set to change UK power market
The UK power market currently faces severe criticism, but when the present market structure was launched in March 2001, it was heralded as ‘ground-breaking’ by industry observers
Power companies slam New England reliability plan
Electricity companies are criticising "unreasonable" and "discriminatory" measures designed to keep New England's lights on during the coming winter, arguing in favour of a longer-term fix
German renewables shift welcomed by energy firms
A push to increase the number of German renewable energy producers that directly market their output has received a positive reception from energy trading firms, which are likely to benefit from the changes
UK power market investigation overshadowed by EMR
A Competition and Markets Authority (CMA) probe into the UK power market, which may result in a radical shake-up of the sector, is coming amid major changes to the industry under Electricity Market Reform. How the CMA reconciles this will be closely…
UK electricity market likely to be hit by CMA probe
A shake-up of the UK power market is viewed as one likely outcome from a competition investigation into the country’s energy sector, but observers say the probe is being overshadowed by forthcoming regulatory reform
Power capacity conundrum has potential to turn sour
Differences between the EC and member states on capacity markets illustrate the struggle to co-ordinate EU energy policy and may point towards future battles
EC's Ristori takes on Ukraine, subsidies and EU integration
Dominique Ristori was appointed as EC director-general for energy earlier this year. In an exclusive interview, he speaks to Mark Pengelly about energy security in the wake of Ukraine, European integration, energy subsidies and the development of shale…
UK Electricity Market Reform welcomed by energy chiefs
Energy executives welcome the UK government's Electricity Market Reform at a conference in London, despite some differences between speakers on the finer details and likely future of the legislation
Data Provider of the Year: Thomson Reuters
Thomson Reuters has long been a respected provider of data, but it is also enhancing its commodities offering with innovative tools and insight from third parties
Innovation of the Year Award: Energy Fundamentals
Energy Fundamentals's European Power System Insight platform combines quality data with sophisticated, yet accessible, modelling capabilities
Electricity House of the Year: Citi
Despite cutbacks and withdrawals among banks and large utilities, Citi has seen its commitment to the power market matched by strong revenue growth in the past 18 months
More work required on Remit reporting, firms say
Back-loading, self-reporting and non-standard trades continue to pose major obstacles to compliance with Remit, say energy trading firms
Energy market has bright future, despite bad news
Energy risk management has come a long way and is serving up unparalleled opportunities, despite poor liquidity and a retreat by banks
UK power market licence changes ‘no silver bullet’
Ofgem’s moves to increase electricity market liquidity for small suppliers are a step in the right direction, but more must be done, argue market participants
Power market coupling could spur derivatives activity
Market coupling may result in greater derivatives use and falling participation in both explicit auctions and physical nominations, survey finds
Firms expect power market coupling to have tangible impact
The process of power market coupling is continuing across Europe, with the largest and most ambitious project to date going live in February. But how do market participants feel about market coupling and how it will affect their businesses? Stella…
Conference highlights questions over Remit implementation
Problems encountered by Emir demonstrate issues that need to be solved before Remit reporting begins, argue attendees at Energy Risk Italia
Renewables need stronger EU co-ordination, says regulator
Senior Italian regulator says transition towards greater use of renewables requires a “co-ordinated European approach”, including harmonised market rules