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Awards 2013 Me Cet crbetete rte toca re See eRe ee ee eee KNOW eS SEE YOUR COMMODITY PRICE RISK CLEARLY DAES ORC LLCis WeUruROc rg errs etic Pea OMT) Cee eee ene Ura Know-Risk: The CLEAR choice for your commodity based organisation 2 aos aS Ca a : rast BE Foreword EUROPEAN ENERGY MARKETS are enjoying another mixed year in 2013 amid continued sluggish growth and debt crises. This edition includes our special European Power and Energy Supplement which looks atthe development process within the Union. AL the same time, regulatory change Is radically ‘affecting the way commodity and energy ‘markets function ‘There is now an urgent need to radically reform EU energy markets by establishing a ‘more reasonable renewable energies capacity ‘growth pace and limiting the related increase in subsidies. Reforming the EU Emission ‘Trading Scheme also remains on the agenda, Meanwhile, large differences in regional ‘energy prices are set to affect industrial ‘competitiveness, influencing investment decisions and company. strategies. The extraordinary rise of Hight tight oll in the United States will play a major role in meeting

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