LONDON, Dec 16 (Reuters) – British power station operator Drax (DRX.L: Quote, Profile, Research, Stock Buzz) said on Tuesday that power generation margins had contracted since October, although overall trading was in line with hopes. The group, which runs the Drax coal-fired station in northern England, said commodity prices had been “highly volatile” since the group updated the market on Oct. 23.

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Tags: Carbon Cost, Carbon Emission, Drax

EUAs might be undervalued, but the fact that their prices are far higher as compared to last year is adversely affecting the profits of power generators. The first phase of EU ETS (2005-07) contended with abysmally low EUA prices owing to excessive supply of free allowances. But now with the reining in of free EUAs in the second phase (2008-12), average price for the first 6 months has shot up to

Tags: Coal Power Plants, Drax, EU ETS, EU ETS second phase, RWE

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Tags: Australian Securities Exchange, carbon credits, Carbon Industry Headlines, Carbon Industry News, Carbon Market Headlines, Carbon Market News, Carbon News, Carbon Prices, Drax, Environment Headlines, Environment News, Green News