MorganEnergy

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.