Europe’s answer to addressing the risks of over the counter (OTC) trading has been impacting the derivatives market for over a year now,1 and market participants are concurrently finding themselves facing some costly challenges. Now more than ever, the costs of non-compliance with the latest European Market Infrastructure Regulations (EMIR) are demanding strict organizational shifts […]
After overcoming a period of setbacks, Europe’s electricity market is on course to initiate the new North-Western Europe (NWE) and South-Western Europe (SWE) integrated market place (IMP) model covering three quarters of the European market. The project start-up phase will take effect on February 4th for the delivery of electricity in the regions on February […]
In recent years, there has been a growing worldwide effort to reduce carbon emissions. Many initiatives are in place to reduce or minimize the effect of carbon emissions, including the introduction of stricter energy and fuel efficiency standards; the development of carbon capture and storage (CCS) facilities; the development of alternative energy sources to coal; […]
France has the second largest economy in Europe and the fifth largest economy in the world. As France produces very little domestic energy, it relies heavily on imports from bordering countries to meet the majority of its natural gas demands (EIA). But is it really necessary? France is currently the fourth largest consumer of natural […]
Europe is the driving force for renewable energy development worldwide; however, other parts of the world are quickly emulating and developing their own renewable energy industries. According to ThinkProgress.org, Germany is evolving to replace fossil fuels with renewables faster than most European countries. Ever since the Fukushima catastrophe, Germans have intensified their efforts to phase […]
We recently attended the European Energy Risk Summit in London, England. The main themes of the summit were the effects of the new market regulations in Europe (particularly EMIR and REMIT) and the impact and speed of change in technologies and data. Many of the key points raised by the speakers revolved around the disconnect […]
In part 1 of this blog, entitled Fireworks and Debates in the Regulatory and Risk World, Energy Risk Magazine Asia Conference panelists discussed the unintended consequences of new OTC regulations in prompting a switch from bi-lateral OTC trading to equivalent futures products – a trend dubbed ‘futurisation’. In part 2, we switch gears to discuss […]
The electrical sector in any given region will produce power at all hours of the day, every day, with limited (sometimes zero) tolerance for downtime. What this means for a power producer is that a variety of technologies have to be leveraged to ensure there is continuous operation within a region. Why Are There So […]
A recent decision by the European Commission to impose tariffs on Chinese solar panels has been causing a lot of furore in the European market over the past month. It all began when an investigation was launched in September of last year into a complaint issued by German solar panel manufacturer, SolarWorld, about illegal ‘dumping’ […]
The European Parliament’s rejection of the EU Emission Trading Scheme’s (EU ETS) “backloading” proposal last week has dampened the outlook for achieving Europe’s 2020 climate change and energy sustainability targets. The targets were set in 2007 and legally bind EU member states to reduce greenhouse gas emissions by at least 20% compared to 1990 levels, […]