The new scheme is "a backstop source of additional liquidity to energy firms in otherwise sound financial health to meet extraordinary variation margin calls," the UK Treasury said.Who are those energy companies?key word in the new statement is "liquidity."The £40 billion ($43 billion) plan announced in the first days of Liz Truss's government to bolster energy traders remains a black box.The Energy Markets Financing Scheme isn't getting much attention because it's been overshadowed by the energy bailouts for households and businesses, which may end costing as much as £160 billion over the next two years.
#years #necessarily #electricity #uk-government #financial-times #natural-gas #morgan-stanley #financial-markets #commodities #hedge-funds
[
add
]
[
|
|
...
]