Energy
EEX wins primary auction contract for German EUAs
The European Energy Exchange (EEX) will run the primary auction for European emission allowances (EUAs) in Germany on behalf of the German Federal Ministry for the Environment starting in January 2010.
CCX launches new offset contract
The Chicago Climate Exchange (CCX) announced details of two new contracts on Friday, covering certain types of US offset and direct emission cuts taken in the US.
Merger to create biggest UK carbon company
Two UK-based carbon trading investment funds are set to merge and create the UK's largest carbon company.
Ice to launch ASCI contracts
IntercontinentalExchange (Ice) has introduced more than 40 new over-the-counter cleared energy contracts for North American natural gas, power, natural gas liquids and global oil products, including two contracts based on the Argus Sour Crude Index (ASCI…
China's smoke signal
World leaders will congregate in Copenhagen next month in a bid to thrash out a replacement to the Kyoto protocol for climate change. While the outcome is still far from clear, new policy stances from Asian nations are already having a fundamental effect
Electric utilities urge prudent reform
Increased transparency in the OTC derivatives markets is a goal supported by the US power industry, but it’s imperative that increased regulation doesn’t push up the cost of hedging and cause higher or more volatile electricity prices, writes Richard…
The Philippines power market
Power prices in the Philippines are some of the most expensive in Asia. It is hoped government plans to open the electricity distribution market will improve competition and reduce tariffs, writes David Hayes
Interview with První Energetická's Milan Velner
The Czech Republic’s power market has shown encouraging liquidity growth, but major challenges still remain. Roderick Bruce speaks with Milan Velner, head of trading at První Energetická, the country’s largest independent electricity trading house, about…
Poland's power market potential
Liquidity on Poland’s power market has boomed in the past year and the government hopes to boost volumes further by forcing integrated generators to trade on-exchange. However, its plans have met a mixed response, finds Roderick Bruce
GDF Suez's Frank Brannvoll on CEE power markets
Frank Brannvoll speaks to Rachel Morison about market-making in Central & Eastern European (CEE) power markets and how GDF Suez is developing financial trading in the region
Canada's oil sands growth seen steady
It’s been a rollercoaster 18 months for Canada’s oil sands – higher oil prices are now supporting the complex, but credit remains constrained. Pauline McCallion talks to experts about their outlook for the industry
EDF gets green light to invest in US nuclear
French energy company EDF and Constellation Energy, a Baltimore, Maryland-based power generator, have received regulatory approval for a nuclear joint venture announced in January.
Report highlights US cap-and-trade winners and losers
The power sector is likely to top the list of both winners and losers if a proposed cap-and-trade system for greenhouse gas emissions in the US comes into existence, according to Point Carbon.
Russia permits national bank to sell AAUs
According to reports today, Russia has given the go-ahead to its largest national bank, Sberbank, to sell the country’s Assigned Amount Units (AAUs), prompting fears of a potential flood of AAUs entering the market pre-2013.
Point Carbon lowers EUA forecast
News and market analysis provider Point Carbon has lowered its price forecast for European Union Emissions Allowances (EUAs) for 2013 by €2 to €28 per ton of carbon dioxide. It has also lowered its 2016 price forecast by €3 to €37/tn. The original…
UPDATED: Nymex follows Saudi sour crude endorsement with new contracts
Nymex is to launch two sour crude oil contracts after Saudi Aramco’s announcement this week that it will use the Argus Sour Crude Index (ASCI) as a benchmark for US sales from January 2010.
Japan and Singapore move towards carbon trading
Japan and Singapore both announced steps towards establishing domestic markets for carbon trading this week.