| EU lawmakers are completing details of a plan to curb an unprecedented oversupply and boost prices, which fell to a record in April. Allowances may rise to as high as 15 euros by 2015, according to Patrick Hummel, an analyst at UBS AG.
“There’s no reason why the market shouldn’t double within the next 18 months,” said Redshaw, who also worked as a trader at Enron Corp. and Electricite de France SA. (EDF) “At 6 euros, it’s still cheap.”..............................................Full Article: Source |