European Price Reporting Agenices

Publication Date	July 2005
Publisher	Datamonitor
Product Type	Report
Pages	20
ISBN Number	not applicable
Product Code	DAT00550

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Summary

Introduction

The growth in liquidity of Europe's wholesale energy markets, combined with the emergence of new trading hubs and exchanges, means that the issue of price discovery across these markets assumes a growing importance.

Scope

Insight into the key methods of price reporting
An overview of the main types of price reporting services

Highlights

Price reporting can take three main forms and is used to provide signals to the market and to price purchase contracts.

Price discovery sources can be divided into three main categories - journalistic sources, brokers and energy exchanges.

Reasons to Purchase

Understand how and why wholesale price discovery is of growing relevance
Gain insight into the various reporting methods used by different reporting agencies
Assess the current level of liquidity in different wholesale markets and the degree of price discovery information available.

Content

Chapter 1 Executive Summary
- The need for price reporting services grows in line with the development of wholesale markets
Chapter 2 Introduction
- As changing market dynamics continue to drive the development of wholesale markets, the issue of price transparency and price discovery mechanisms assume greater importance
- There are currently a number of wholesale gas and power markets at various stages of development across Europe
- Whilst the French wholesale gas market lags significantly behind the power market, it is growing in liquidity
- France
- The UK has Europe's most liquid traded energy markets and thus the most comprehensive and widespread price coverage
- UK
- Scandinavia's Nord Pool is a highly liquid market, in marked contrast to the developing Spanish wholesale arena
- Scandinavia
- Spain
- The Dutch wholesale gas market lags behind the power market yet still has a screen based facility
- Poland
- Netherlands
- Italy's fledgling gas market is constrained by a lack of gas availability
- Italy
- Germany's wholesale gas market is limited, though will grow when the EuroHub begins later in the year
- Germany
Chapter 3 Price Reporting Methods
- Price reporting can take three main forms and is used to provide signals to the market and to price purchase contracts
Chapter 4 Price Reporting Services
- Price discovery sources can be divided into three main categories
- Apart from the news wires, there are four main journalistic based price reporting services covering the European energy markets
- Platts and some wire services are the only journalistic based price reporting services not to report individual trades
- The larger reporting services have a tendency to cover a broader spread of markets
- The three main price reporting services have a largely uniform scope of geographic coverage in the gas and power markets
Chapter 5 Appendix
- Abbreviations Used
- Related reports and contact details
List Of Figures
- Figure 1: European Gas and Power Traded Market Liquidity
- Figure 2: Price Reporting Methods
- Figure 3: European Energy Price Reporting Servcies
- Figure 4: Main journalistic based price reporting services
- Figure 5: Reporting methods used by journalistic reporting services
- Figure 6: Fuel coverage of main journalistic reporting services
- Figure 7: Geographic coverage of main journalistic reporting services