Rewiring the International Grid

ENERGY TRADING

Energy trading is now certifiably huge. The UK Financial Services Authority (FSA) estimates that in 2005 the value of the combined UK and Eurozone forward power markets was close to €150 billion ($192 billion) and the forward gas market was worth close to €90 billion. Even the nascent emissions market was valued at €2 billion ($2.5 billion). But the vision of pan-European energy trading taking on the form of a cross-border commodities or equities exchange is consistently blurred by geopolitical

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