Companies should embrace energy trading, says PwC

Energy companies must embrace trading if they are to survive in the post-Enron market, says a new report by consultants PricewaterhouseCoopers (PwC).

The recommendation goes against the market trend of 2002, which saw major US energy firms Dynegy, El Paso, American Electric Power, Aquila and others pull back from energy trading.

The report, Energy trading – re-establishing sound foundations*, argues many existing companies may cease to have a viable independent future unless they adapt to the

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