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European Tribune - Finland sneaking under the radar
Furthermore, the fact that the new plants are financed primarily by big industrial consumers is another nail in the chest for deregulated power generation, showing that the power markets in general and the possibility to hedge power costs by buying power futures in particular is deeply flawed. It seems the only way to hedge your power costs is by actually owning a physical stake in a low marginal-cost power plant.
I'm surprised Chris Cook didn't jump on this observation. It seems to prove him right on his contention that ownership of energy generation assets is desirable for other investors than utilities.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Mon Feb 25th, 2008 at 06:26:09 AM EST
See my comment above.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Feb 25th, 2008 at 09:36:09 AM EST
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