Power generation
Market participants will define the rules
1 April 2000
German energy markets have undergone a profound transformation since the adoption of the new energy law in April 1998. Until then, real competition existed only in the petroleum and products sector. Now, it is being felt throughout the energy economy, although not with equal intensity. The EU guidelines for electricity gave a liberating push to the power market, while in the gas industry developments seem to be much slower, awaiting the EU Gas Directive, which comes into force in August.
Spain
1 April 2000
Powering ahead
1 April 2000
A recovery in the global economy, the mass of consolidation and asset-swapping in the US power industry and European Union liberalisation all contributed to a surge in energy project financing deals in 1999, with many institutions seeing record volumes, and most appear confident that trend will continue through 2000.
The changing environment
1 April 2000
Although wholesale electricity sales were deregulated in 1996, retail market deregulation is moving much more slowly, but it is moving ahead.
The European angle
1 April 2000
While the US can rightly claim to be leading the trend to energy sector convergence, the European industry is facing similar challenges. Germany’s RWE has ambitious plans for the future.
Electricity – contract evolution
1 April 2000
Offtake and fuel-supply contracts have always been an important component of electricity sector M&A transactions. However, with the liberalisation of electricity markets across Europe and the rapid commoditisation of the wholesale marketplace, there has been a fundamental shift in the contract structures that are being used. Long-term, asset-focused contracts have given way to standardised commodity contracts as markets have become deeper and more liquid, writes David Warren, Allen & Overy.
Heads roll at BNFL over MOX
6 March 2000
Troubled BNFL faces a tough battle convincing customers to buy its fuel following its admission that manufacturing data on fuel rods had been falsified and a critical Nuclear Installation Inspectorate (NII) report on the company. The chief executive has resigned over the scandal and further dismissals are expected among senior and middle management.
Hydropower’s bright future?
6 March 2000
Water and electricity are not really supposed to mix, but then again, man was never supposed to stand on the Moon. Here, two leading authorities debate the future of the industry in the competitive market
Unbundling pushes retail sales to become a competitive business
6 March 2000
A single, mature European retail market for electricity and gas may be some way off. In the meantime, some electricity fundamentals, as well as new trading concepts, are the drivers of the retail power markets
Developments in the South African power sector
6 March 2000
South Africa’s government has said it is willing to consider radical restructuring of the power sector, looking towards the introduction of competition and private ownership
Energy trading disasters: can better information systems prevent them?
6 March 2000
A look at trading debacles, lessons learned and the role of information systems