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Coal Trading Through London Brokers Jumps as Carbon, Power Drop

Nov. 7 (Bloomberg) -- Over-the-counter volumes of European coal and natural gas rose in October from a year earlier while emissions trading and power shrank, according to the London Energy Brokers’ Association.

European coal trading volume more than doubled and natural gas contracts advanced 6.6 percent, the industry group said in a report sent by e-mail today. U.K. gas slipped 5.3 percent.

German electricity fell 3.3 percent, while emissions trading dropped 76 percent. Total power trading fell 0.9 percent even as U.K. contracts advanced 22 percent, the data show.

The following table is a summary of LEBA’s data for October and the year-on-year change.

                                                        Percent
                                                   year-on-year
Market                  Volume          Unit             change
---------------     -------------   --------------       ------
U.K. Gas (NBP)        989,374,876   Megawatt-hours        -5.3
Dutch Gas (TTF)       740,710,646   Megawatt-hours        +7.0
German Power          455,172,308   Megawatt-hours        -3.3
U.K. Power             78,182,688   Megawatt-hours       +21.9
European Coal         343,367,500   Metric tons         +163.2
Total Emissions       101,197,000   Metric tons          -75.5

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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