In the news release, ICIS Publishes First Mexico Energy Price Transparency, issued Dec. 8, 2016 by ICIS over PR Newswire, we are advised by the company that there are changes in the boilerplates. The complete, corrected release follows:
ICIS Publishes First Mexico Energy Price Transparency
HOUSTON, Texas, Dec. 8, 2016 /CNW/ -- Mexico's energy market liberalisation has taken a step forward, with the first transparency on forward energy pricing published by ICIS.
Market participant EKTRIA, a subsidiary of Fisterra Energy, chose the ICIS Mexico Energy Report to publish the first power swap contract offers for Mexico's power market.
The offers provide Mexican and foreign energy companies with the first transparency on energy price valuations for forward delivery – a key factor in building liquidity and creating strong investment signals as the energy markets liberalise.
"We wanted to help the market gain some pricing transparency, and chose to work with the Mexico Energy Report because it's well regarded and seen as the leading source of information for the energy industry in Mexico," said Enrique Gimenez, Managing Director at Fisterra Energy. "The story has led to a lot of enquiries – everyone wants to learn about this market."
EKTRIA offers provide a forward curve of contracts for baseload swap volumes of between 1-20MW, depending on the product, to be traded on a bilateral basis over the counter for financial settlement.
The US dollar-denominated contracts will be based on the hourly national energy component of the local marginal price for the Sistema Interconectado Nacional power grid, published daily by grid and market operator CENACE on its website.
ICIS provides global pricing and market information on power, gas and the global liquefied natural gas (LNG) markets.
The ICIS Mexico Energy Report provides exclusive news and in-depth analysis on the latest projects, prices and legislation affecting the Mexican energy sector. The report is the first English-language publication to provide the insight that global businesses and investors need to evaluate opportunities in Mexico's emerging power and gas markets.
To learn more about the EKTRIA power swap contracts click here
More information on the ICIS Mexico Energy Report can be found here.
To learn about ICIS click here.
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS's staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
ICIS is a division of Reed Business Information, part of RELX Group.
About Reed Business Information
At Reed Business Information we provide information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group Plc, a leading global provider of data, information and solutions for professional customers.
About RELX Group:
RELX Group is a world-leading provider of information solutions for professional customers across industries. The group employs about 28,000 people of whom half are in North America. RELX PLC is the London Stock Exchange listed vehicle for holding shares in RELX Group. Shareholders in RELX PLC own a 52.9% economic interest in RELX Group. RELX NV is the Amsterdam Stock Exchange listed vehicle for holding shares in RELX Group. External shareholders in RELX NV own a 47.1% economic interest in RELX Group. The total market capitalisation of the two parent companies is approximately £ 27.1bn/€31.8bn. Its shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL. www.relx.com
Further information about ICIS can be found at www.icis.com.
For further information about this release, please contact:
Marketing Manager, ICIS
Direct: +1 (713) 525 2673
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