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U.K. Electricity: Pooling The Risk May 98 Product Image

U.K. Electricity: Pooling The Risk May 98

  • ID: 1927300
  • May 1998
  • Region: United Kingdom, Great Britain
  • Standard & Poors

FEATURED COMPANIES

  • E.ON U.K. PLC
  • National Power PLC
  • MORE

Abstract
Last October, the U.K. government ordered an inquiry into the workings of the electricity Pool in England and Wales. The industry regulator, the Office of Electricity Regulation (OFFER), was charged with producing proposals for a comprehensive reform of current trading arrangements by the summer that would lead to more competitive and transparent prices in the Pool, reduced volatility in prices, and greater liquidity in both the primary and secondary markets. The primary market involves the trading of electricity itself, while the secondary market involves the trading of contracts for hedging the financial risks associated with the buying and selling of power. The outcome of the inquiry may have implications for the credit quality of market participants. The precise credit impact...

Companies mentioned in this report are:
- Eastern Power Networks PLC
- National Power PLC
- E.ON U.K. PLC
- National Grid Electricity Transmission PLC

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

- Eastern Power Networks PLC
- National Power PLC
- E.ON U.K. PLC
- National Grid Electricity Transmission PLC

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