Europeans keener than US on trading

European energy firms display a more upbeat sentiment towards energy trading than their US counterparts, says a Pricewaterhouse-Coopers (PwC) survey.

Eighty-seven percent of European respondents saw trading as intrinsic to hedging retail and generation price risk, compared with 66% a year ago. The proportion of companies with separate hedging and speculative trading activity almost doubled in a year to 47%, while 34% combined hedging and speculative trading, up from 26%.

Meanwhile, 40% of

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