United States: Online Energy Trading Will Grow Tenfold by 2005
Online energy trading in the United States will grow tenfold by 2005, but only four Internet exchanges will live to enjoy the windfall, according to a new study released by Forrester Research Inc. of Cambridge, Massachusetts.
The New York Mercantile Exchange's Internet (NYMEX) spawn enymex will use its parent's liquidity and clearing capability to overcome current competition and to dominate an online energy market that will reach US$3.6 trillion in four years, according to the study.
NYMEX plans to launch enymex during the summer of 2001. Current dominant player EnronOnline will continue to make an important impact, but with a significantly lower market share than the one it enjoys now. Last year, out of US$400 billion online national energy trading, US$336 billion, or 84%, traded on Enron's platform.
Circle 151 on Reader Service Card
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
Acceptable Use Policy
Comments are the sole responsibility of the person posting them. T&D World will not edit postings. If T&D World editors deem any comment inappropriate, we will preempt or remove the posting.
General Rules: T&D World will not allow comments that are found to be degrading based on gender, race, class, ethnicity, national origin, religion, sexual orientation or disability. Neither will epithets, abusive language or obscene comments be allowed.
blog comments powered by Disqus
