Opinion on Energy and Utilities in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

British Energy: price spikes hurt

The cost of recent shutdowns at Sizewell B and Heysham has been exacerbated by wholesale price volatility. Although rising prices could provide a long-term lifeline for the stricken company, the current fluctuations are a major concern for all UK generators.

Published By Datamonitor
03 Nov 2003
CommentWire
CommentWire

British Energy: power price rises pay off at last

British Energy's flirtation with bankruptcy in 2003 led to the government forcing it to sell all its power forward at a time of low power prices, resulting in it not benefiting from a recovery in power prices over 2004/05. This has cost it roughly GBP979 million in missed profits, and it is only now that its contracted position will enable it to benefit from the spike in wholesale power prices.

Published By Datamonitor
28 Jul 2005
CommentWire
CommentWire

British Energy: in dire need of a bigger supply business

At its current price British Energy represents a steal for any UK electricity supplier, and a buyout is the only option that would fix the ailing generator's problems in time. The UK government should welcome an acquisition, even if the only suitors are foreign.

Published By Datamonitor
27 Aug 2002
CommentWire
CommentWire

British Energy: huge losses announced

British Energy continues to struggle, announcing huge losses due to write-downs. Bankruptcy seems unlikely as this would cause chaos in the power market and so the government appears to have little choice but to continue throwing good money after bad.<BR /><BR />

Published By Datamonitor
04 Jun 2003
CommentWire
CommentWire

British Energy: greater stability secured in Centrica deal

The newly announced deal between British Energy and Centrica leaves the former less exposed to price fluctuations, although with prices expected to rise, Centrica will be feeling it has got a bargain. The deal with go some way to easing British Energy's financial troubles and, crucially, should be the first of a number of deals.

Published By Datamonitor
10 Feb 2003
CommentWire
CommentWire

British Energy: government provides lifeline

British Energy has survived insolvency, thanks to a rescue package from the government that will help to keep the lights on while the company is significantly restructured. Shareholders, however, will be left with next to nothing - and the taxpayer will be left to shoulder the burden of another failing privatized company.

Published By Datamonitor
28 Nov 2002
CommentWire
CommentWire

British Energy: following Railtrack?

The British government has made it clear that it is not prepared to bail out the debt-stricken power generator indefinitely. Unless British Energy is able to resolve its financial problems by March 9, the government may well take it back into public ownership, as it did with Railtrack.

Published By Datamonitor
14 Jan 2003
CommentWire
CommentWire

British Energy: eyeing eastern Europe

Published By Datamonitor
19 Jul 2001
CommentWire
CommentWire

British Energy: down in the dumps

British Energy is attributing its poor performance to a variety of factors, including the effects of NETA, unprofitable long-term contracts with electricity traders, and the disastrous write-down of recent investments. The results cast doubt on British Energy's ability to continue operating profitably in the post-NETA UK market environment.

Published By Datamonitor
16 May 2002
CommentWire
CommentWire

British Energy: crunch time is near

British Energy [BGY.L], the beleaguered power generator, claims to "welcome" the European Commission's inquiry into the GBP5 billion rescue package put together by the UK government. However, the outcome is by no means certain, and the company needs to show that it is committed to getting back on its own feet as quickly as possible.<BR />

Published By Datamonitor
01 Aug 2003

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