Energy firms fear EU financial market rules

Dutch energy firms fear they will be faced with billions of euros in extra costs if the European Commission presses ahead with tougher rules to govern the trading of energy derivatives such as options and futures, the Financieele Dagblad reports on Monday.


The Commission is due to publish its plans for regulating the financial markets on Wednesday and energy trading is likely to be affected, the paper says.
At the moment, energy firms are largely exempt from many financial trading rules. The firms themselves point out they pose no threat to the financial system.
‘An energy firm going bankrupt is completely different from a bank,’ Guido Dubbeld, financial chief of energy firm Eneco, told the paper.

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