News
Europe North Sea grid seen furthering market coupling
The European Commission is set to build the largest transnational power network of its kind, after announcing it is planning a massive electricity grid to run under the North Sea.
Cold snap highlights UK’s gas storage tightness
UK gas prices have risen following severe winter weather, prompting experts to renew calls for increased storage capacity and a more diversified energy supply.
Total takes $2.25bn stake in US shale
The joint venture agreed by Total and Chesapeake in December could lead to further North American shale deals and signals Total’s desire to develop its unconventional resources worldwide.
EUA market auction goes live on spot market
Leipzig-based European Energy Exchange (EEX) today launched primary market auctioning of European Union Emission Allowances (EUAs). EEX is running the primary auction for EUAs in Germany on behalf of the German Federal Ministry for the Environment.
First snowfall trade cleared on CME
Choice Environmental, a portfolio company of OTC Global Holdings (OTCGH), has brokered the first CME-cleared snowfall hedging risk instrument – a snowfall binary option contract for Detroit.
Carbon market seen at $400bn by 2014
The global carbon emissions trading market will more than treble by 2014 from 2008 levels, reaching nearly $400 billion, according to market intelligence company ABI Research.
RGGI lawsuit settled
A challenge to the legality of the Regional Greenhouse Gas Initiative (RGGI) has been settled, according to a statement from the New York State organisations involved.