European Electricity: Consolidation Paves the Way for Growth
By Jeremy Wilcox

Is the European Gas Market Ready for 2007?
The new EU Gas Market Directive passed in June 2003 sets out an accelerated timetable for market liberalisation - all consumers will be able to choose their gas supplier by 2007. But how feasible is this new timetable?
By Mary Jackson & Nigel Harris.

An EU ETS Project Directive?
The EU Emission Trading Scheme (ETS), scheduled to begin in 2005, is designed to effectively reduce greenhouse gas (GHG) emissions within the European Union (15) and accession countries (10) in the most cost effective manner. Moe Moe Oo of GT Energy sets out his argument for, perhaps, changing the current EU Linking Directive to one that supports project developers regardless of Kyoto ratification. The new proposal should boost the importance of JI and CDM projects and encourage developers and carbon finance providers to develop sustainable development frameworks.

EU Emissions Trading: What does it mean for an electricity generator?
Energy companies across Europe are starting to prepare for the introduction of the EU emission trading schemes (EU ETS). The first reports of speculative trades of CO2 permits are appearing with companies such as Nuon and Shell being reported as dipping their toes in this emerging market.
By Trevor Sikorski.

Deliver or Die – A Buyer’s Market Puts Pressure on ETRM Vendors
The race is on amongst the Energy Trading and Risk Management (ETRM) software vendors to deliver their ‘next generation’ ETRM solutions. After years of launching systems in a reactive and opportunistic manner, vendors now realise they must rethink how they develop and deliver ETRM solutions.
By Michael Hepburn, Prospex Research.