Back in November, I said that EDF is to European electricity competition what the "Dark Emperor" is to Star Wars - a formidable counter-current to the accepted order. Well now it's time for the next episode in the saga.
Standard & Poor's has warned that the credit ratings of European electric utilities are under threat because of the EU directive on market liberalization. Is this the downside of competition? Si?n Green reports.
The UK electricity industry is about to go through its second major upheaval in ten years. Will the proposed Utilities Bill deliver the level of competition promised, or is it merely a mechanism for control by a regulator backed by a government that won't let market forces lie?
Integrated Gasification Combined Cycle (IGCC) power generation has long been recognised for its ability to handle difficult fuels with good environmental performance. Now a new generation of refinery-based projects is demonstrating that the technology is also a cost effective means for power generation.
The supervisory boards of German utilities RWE and VEW have approved a merger that would create one of the largest European publicly-listed energy groups. The proposed deal follows the announcement in September of a merger between German utilities Veba and Viag, but could be held up by regulatory problems.
Italy's stock market launch of Enel became the world's largest initial public offering following the sale of euro18bn worth of shares. With a high launch price, investors will be expecting great things from the utility, which now faces regulatory and
competitive pressures in the European market. Sian Green asks, can it deliver?