The cost of polluting is poised to rebound after the European Union began reducing a record glut of permits to rescue the world’s biggest greenhouse-gas market.
EON SE plans to more than double its power trading in Turkey this year, helping to offset falling profits from buying and selling in shrinking western European markets.
Climbing solar production and a fifth month of warmer-than-average weather for April is poised to put further pressure on power prices in Europe.
European Union carbon permits had their biggest monthly gain in a year after the bloc cut 2014 supply by about a fifth to help deal with a glut.
Natural gas prices in Europe are poised to drop more than 20 percent in the first quarter amid the mildest weather since 2008, as snow storms push U.S. costs to a four-year high.
German power for next-year delivery, a benchmark contract in Europe, reached the lowest level since March 2005 as coal and emissions permits slid.
Utilities operating in Germany are divided over whether the government should pay generators to keep uneconomic power plants open to ensure supply can meet peak demand.
European Energy Exchange AG will set up its carbon exchange, the world’s second-biggest emissions bourse, as a wholly owned subsidiary, according to an e-mailed statement from the company.
European Energy Exchange AG, which merged its power business with Powernext SA of France in 2009, expanded its spot natural gas markets to include around-the- clock trading and buying and selling in the Dutch market.
Deutsche Boerse AG’s Eurex derivatives exchange will increase its stake in European Energy Exchange AG by acquiring Landesbank Baden-Wuerttemberg’s holding of as much as 22.96 percent.