Electricity Market

Electricity Market News

• U.K. Climate Adviser Says Low-Carbon Mix Saves $150 Bln

  Britain, under pressure to build new power stations, could save as much as 100 billion pounds ($150 billion) through 2050 by spending on wind, nuclear and carbon capture rather than gas, the government’s climate adviser said.

• Energy Future’s Woes Stunt Oncor’s Power Growth Ambitions

  Oncor Electric Delivery Co., Texas’ largest power utility, may not be able to take full advantage of the nation’s fastest-growing electricity market because of capital constraints lingering from its parent’s 2007 leveraged buyout.

• Entergy Rises After Saying New York Revamp May Boost Sales

  Entergy Corp., which operates the nuclear plant closest to New York City, rose after telling investors that a proposed restructuring of New York’s electricity market may boost power sales.

• Australia Cuts Carbon Price Forecast for 2015 by More Than Half

  Australia more than halved its projection for carbon prices in the year starting July 2015 to A$12.10 ($12) a metric ton as the European Union, its planned partner in a cap-and-trade system, struggles with low prices.

• Nasdaq Passes Nordic Power Market Manipulation Case to Regulator

  Nordic power derivative prices may have been manipulated by an unidentified member on three separate instances last year, according to Nasdaq OMX Group Inc.

• CEZ Quarterly Profit Jumps 24% on Albania Exit, CO2 Windfall

  CEZ AS, the Czech Republic’s largest electricity company, reported first-quarter earnings that beat analyst estimates after exiting unprofitable Albanian operations and trading carbon permits.

• PacificLight Set to Start LNG-Fueled Singapore Plant by Year End

  PacificLight Power Pte Ltd. said its 800 megawatt Jurong Island power plant, the first in Singapore to be completely fueled by liquefied natural gas, will be fully operational by the fourth quarter.

• Swedish Power Price Poised to Gain as Nuclear Outages Double

  The amount of time Sweden’s reactors will shut for overhauls this year will almost double, buoying power prices at a time they typically decline as water volumes for generation drop to near a two-year low.

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  Britain’s Forgotten Ports Put Wind in Goldman’s Sails: Freight

  Methil port north of Edinburgh, once the focus of Scotland’s coal exports, is set to tap a greener kind of energy as Samsung Heavy Industry Co. constructs the world’s biggest wind turbine in the town’s faded harbor.

• U.K.’s $582 Billion Energy Switch Faces Crisis, Liberum Says

  The U.K.’s 376 billion-pound ($582 billion) program to switch from fossil fuel to renewable and nuclear power is headed for crisis because of looming energy shortages and spiraling costs, Liberum Capital Ltd. said.

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