Energy Risk
Solid foundations?
In a recent landmark step, India's power regulator has given 'in principle' go-ahead to the setting up of a power exchange in India. However, there is discomfort amongst potential participants over some of the regulator's plans. Rakesh Singh of Wipro…
Will they weather the storm?
The weather derivatives market saw record volumes in 2006, but these declined sharply into 2007. Evan Koster, David Cohn and Nicholas Rock of Dewey & LeBoeuf look at where the weather market, now 10 years old, may go next
The future arrives for renewables
The emerging market in renewable energy futures is expected to lower the cost of financing renewables and smooth out the volatility often encountered when running intermittent renewable resources, such as wind and solar. Catherine Lacoursière investigates
LEBA launches CER index
The London Energy Brokers’ Association (LEBA) is launching a benchmark index for certified emissions reductions (CERs) on 3 December. The LEBA Carbon CER Index will be calculated using the average of trades for physical delivery transacted by LEBA…
Barcap launches CER swaps
Barclays Capital has launched and traded the first financially settled certified emissions reduction (CER) swap based on publicly available pricing sources.
Amerex forms REC purchasing partnership with Aramark
Amerex Brokers has formed a partnership with professional services firm Aramark Corporation to provide clients with an array of energy services, including the purchase of renewable energy credits (RECs).
Tullett Prebon launches Central European power platform
Inter-dealer and energy broker Tullett Prebon has launched a Central European power platform.
Nord Pool launches German and Dutch power derivatives
Power and emissions exchange Nord Pool will launch power derivatives for the German and Dutch markets from 11 January 2008.
Barcap invests in Canadian carbon capture
Barclays Capital, the investment banking division of Barclays PLC, has completed what it calls “a significant investment” in Enhance Energy, a Calgary-based private company specializing in CO2 enhanced oil recovery and sequestration.
New Year start for E.On Energy Trading
From January 2008, German utility EOn will combine all its European power, gas, coal, oil and carbon trading operations in the new business EOn Energy Trading (EET), headquartered in Düsseldorf.
RWE to invest €1 billion per year in renewables; founds new company
German utility RWE has announced the creation of a renewable energy company, RWE Innogy, which will be backed by at least €1 billion of investment per year.
Amaranth Sues JPMorgan for $1billion
The fall out from the collapse of energy hedge fund Amaranth Advisors took another twist after the fund launched legal action against investment bank JPMorgan Chase.
GFI launches emissions trading platform
Inter-dealer broker GFI Group has launched EnergyMatch, an electronic trading platform for over-the-counter energy derivatives.
EDF Trading and Chubu collaborate on coal
EDF Trading and Japanese utility Chubu Electric Power Company are to establish a new coal business, Chubu Energy Trading, based in Nagoya, Japan.
Nymex takes 15% share in Imarex
New York Mercantile Exchange (Nymex) has agreed to acquire 15.1% of Norwegian derivatives exchange Imarex for around $52 million. Nymex will buy the shares from founding Imarex shareholder Frontline, a Bermuda-based crude oil tanker company.
Oil & gas construction costs reach new high
Costs associated with constructing new oil & gas facilities have surged to a record high, says Cambridge Energy Research Associates (CERA).
CNE innovates in energy risk management
Constellation NewEnergy (CNE), a subsidiary of US utility Constellation Energy, has completed a successful trial of a new risk management programme for large industrial users.
TFS brokers first Singapore-approved CDM project
TFS Energy has brokered the first Clean Development Mechanism (CDM) project to be approved by a Singaporean Designated National Authority (DNA).
Linked global carbon market could be worth €800 billion
A linked global carbon market between six major regions could be worth €600–800 billion, European Energy Exchange (EEX) chief operating officer Maik Neubauer said today at a press conference
Japan Airlines teams up with SolArc
Japan Airlines (JAL) has selected SolArc RightAngle as its Next Generation Fuel Administration System (NGFAS).
Crude hits new record high
Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.
Irish SEM successfully launched
The new wholesale electricity market that unites the power grids of Northern Ireland and the Republic of Ireland has been successfully launched.
Amaranth denied by court
A New York judge has denied Amaranth Advisors’ request to prevent the Federal Energy Regulatory Commission (Ferc) from pursuing legal action against it while it was being sued by another federal agency.