Discussing Energy Economics on the Internet

Two Steps Forward, One Step Back

Posted in Trading,UK by Cheryl Morgan on the July 17th, 2008

Maybe we should not have reported on the progress towards setting up a new power exchange in the UK, because Energy Business Review now says that the process has suffered yet another setback. Anthony Belchambers, the CEO of the Futures & Options Association, is reported as saying:

We were getting close to coming to a decision two or three months ago but there was a fairly fundamental change in circumstances outside our control. This meant that those on the shortlist were invited to submit supplementary proposals. This is going to add a further period of time and we are probably looking at something towards September-October before we are in a position to make a decision.

Fundamental change in circumstances? Anyone?

Still, October is not that far off.

Comments Off on Two Steps Forward, One Step Back

Comments are closed.

Discover more from MorganEnergy

Subscribe now to keep reading and get access to the full archive.

Continue reading