Power & Energy Commodity News

UK power futures and N2EX set weekly and monthly volume records

Lysaker, 3 February 2012

Cleared volumes for UK power futures and N2EX reached a new record this week, with 3.6 TWh being cleared across all markets. NASDAQ OMX cleared 840 GWh of UK power futures alone during the past five trading days.  The achievement is being put down to an increase in membership and willingness to trade financial contracts using the N2EX auction index.

Read more: UK power futures and N2EX set weekly and monthly volume records

2nd Annual Energy Trading Regulations and Compliance Summit

London, February 2012

The 2nd Annual Energy Trading Regulations and Compliance Summit is dedicated to bringing together key energy regulators, energy companies, energy trading banks from across the energy industry. This summit provides a crucial platform to address the uncertainty and industry response around the restrictive nature of the latest regulatory provisions.

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OPEC production at highest level since October 2008

London, 1 February 2012

Commerzbank Commodity Research: Despite all the supply risks relating to Iran and Sudan, the oil market is currently characterised by excess supply, which explains the recent below-average trend in the price of crude oil. Surveys by Bloomberg and Reuters show that oil production in the OPEC countries reached almost 31m barrels per day in January - the highest level since October 2008.

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Siemens secures first wind turbine order in Africa

London, 31 January 2012

As part of its globalisation strategy Siemens Energy has announced that it will establish three regional Wind Power Business Units for EMEA (Europe, Middle East and Africa), The Americas and Asia as part of a new Wind Power Division.

Read more: Siemens secures first wind turbine order in Africa

Optimizing Operational Efficiency in Energy Trading

5th Annual Optimizing Operational Efficiency in the Energy Trading Market

Continuing its Back Office Energy Trading conference series, marcus evans invites you to attend our 5th Annual Optimizing Operational Efficiency in the Energy Trading Market Conference. Hear from senior level executives from the Energy and Investment Banking industries and explore the impacts of Dodd-Frank to determine how the back office can efficiently comply with new regulations.

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EDF Trading and SBB sign exclusive long term power supply agreement

London, 28 January 2012

EDF Trading, a wholly-owned subsidiary of EDF S.A., and SBB, the Swiss Federal Railways, have signed a 10 year agreement for the supply of electricity to the Swiss railway network.

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China's oil demand rises by 0.7% in December

Singapore, 25 January 2012

Platts: China's apparent* oil demand in December rose 0.7% year on year to 41.02 million metric ton (mt), or an average 9.69 million barrels per day (b/d), a Platts analysis of recent statistics released by the Chinese government showed.

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EEX launches natural gas trading incentive scheme

Leipzig, 25 January 2012

The European Energy Exchange ( EEX) consistently pursues its growth strategy and reinforces the expansion of its Natural Gas Spot Market with a new incentive scheme. This model creates volume incentives for trading participants and aims at further increasing liquidity on the exchange. In 2011, the trading volume on the EEX natural gas market increased by 25 precent year-on-year, the Spot Market volume increased by 54 percent.

Read more: EEX launches natural gas trading incentive scheme

N2EX welcomes Drax Power Limited

Lysaker, 25 January 2012

N2EX, the UK power market offering, operated by NASDAQ OMX Commodities and Nord Pool Spot, has welcomed its 35th member – major electricity generator Drax Power Limited. Drax, which currently generates 7% of the UK’s electricity, is the most recent of the country’s key power generators to join the N2EX market.

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EEX opens Brussels office

London, 25 January 2012

The European Energy Exchange ( EEX) has officially opened its political representation in Brussels with a New Year reception. This presence in the heart of the European Quarter is intended, in particular, to expand contacts with the European institutions and intensify the exchange of opinions.

Read more: EEX opens Brussels office