Vertical take-off

Weather risk

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Successful risk management in European electricity markets requires owning physical plants on the ground – this is the message coming from every corner of every deregulated retail electricity market. And utilities finding themselves light on assets – such as UK utility Centrica – have now begun a scramble for physical plants.

In July, Centrica surprised analysts by announcing it was to sell its motoring organisation, the Automobile Association, for $3.1 billion to fund acquisitions in p