He said that they would work to integrate the wholesale market with western Europe by 2016.
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When that wholesale market gets a whiff of problems then the money simply flees.
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The local authority said beef is currently up to 20% cheaper than lamb in the wholesale market.
To add to this in the UK. Northern Rock, the entire problem was reliance upon wholesale market funding.
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As above with RBS, yes, they had some deposits but they were again reliant upon the wholesale market.
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When the blackout struck, prices in the unregulated wholesale market were about three times the fixed retail price.
Despite these falls the wholesale market still remains volatile and a challenge for energy suppliers coming up to the winter.
Four months ago, it quietly opened its own power trading desk and began buying juice on the wholesale market in Texas.
Retailers buy electricity on the wholesale market, then turn around and sell it to residential and commercial customers for a profit.
At first anyone wanting to switch supplier had to buy an expensive meter and pay for access to the wholesale market.
But then the state utility commission set rates for the three utilities below the wholesale market price, in effect killing competition.
Traders at Birmingham's Wholesale Market say they are "shocked" by plans to close the site and move it outside the city centre.
And Germany still has no proper wholesale market in electricity, although one may develop along with a new power-derivatives exchange, due to open in Frankfurt next year.
But the reason British Energy is losing so much money is that the price of electricity on the wholesale market has dropped 40% in the past four years.
The sale of live fowl has been suspended, and cages in a wholesale market once stuffed with clucking chickens are now empty save for the rats that roam inside them.
Rice wholesalers at Sanyanqiao Grain Wholesale Market, one of Guangdong's largest grain markets, had stopped selling rice from Hunan, an executive from the market told The Wall Street Journal on Wednesday.
True, included in that list of 50 are some major global banks who are unlikely to have much trouble borrowing on the wholesale market: Deutsche Bank, for example, and JP Morgan.
Knight Trading (nasdaq: NITE - news - people ), the largest wholesale market maker, suffered a 55% drop in revenue between 2000 and last year, when it lost money.
Despite strong sentiments on both sides of the restructuring debate, it is too late to reverse directions in the wholesale market given the existing investments in unregulated generation and the sales efforts built to support that.
Between energy efficiency plans across the company and better-than-expected energy prices in the wholesale market, Exelon Chief Executive Officer John Rowe says he thinks that this year's earnings will be better than the company originally anticipated.
The figures confirmed a significant reversal of fortune for the company since 2011, when declining sales prompted it to announce a series of store closures as part of a strategy to re-orient sales towards the wholesale market.
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If you ask banking industry insiders how many of those 50 banks are actually getting unsecured loans for a year - or even one month - on the wholesale market they are quite likely to laugh in your face.
SEEview seamlessly integrates EMS, DMS, GIS, OMS, AMI, CIS and other systems to help utilities respond quickly to disruptive conditions such as rapidly rising wholesale market prices, the unexpected lack of renewable energy availability, potential emissions violations or electric vehicle recharging hot spots.
Changes in electric use by demand-side resources from their normal consumption patterns in response to changes in the price of electricity, or to incentive payments designed to induce lower electricity use at times of high wholesale market prices or when system reliability is jeopardized.
Turning to domestic news, the Beijing News says a woman, surnamed Ma, has been arrested for "spreading rumours" about a female migrant worker from Anhui province, surnamed Ms Yuan, who was found dead outside a wholesale market building in Beijing's Fengtai district last Friday.
Vehicle damage reports like CarFax are widely available on the Internet and make it easy to spot cars that have been suffered heavy flood damage, said Ricky Beggs, vice president and managing editor of Black Book, a guide to the wholesale market for used car dealers.
In each town or province, the program organizes local sari-sari stores into a group, and turns one of the stores into a large "Community Store" that doubles as a wholesale market where the owners of other smaller stores in the area can procure the goods they need.
Speaking at a Friday news conference in Shanghai, Shao Linchu, a deputy director at the Shanghai Agricultural Commission, said local authorities had slaughtered more than 20, 000 live birds at a wholesale market in the suburb of Songjiang on Thursday night, and were investigating the origin of infected pigeons discovered there.
These come into force 14 days from the signing of its agreement with the US regulator and will require the people reporting the bank's cost of borrowing for the BBA to base that report on actual transactions that Barclays has been involved in - in other words, on actual loans it has obtained or made on the wholesale market.
For nearly six months the Public Utilities Commission of Texas and an independent market monitor have been investigating whether the Dallas-based energy giant manipulated the state's wholesale energy market by briefly withholding production in order to drive up prices during the summer of 2005.
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