Point Carbon today announced the latest effort to use the information practices of leading industry to provide greater transparency to the U.S. energy market. This will be done in the creation of a new service called the Energy Data Hub (EDH), which Point Carbon has a stake. Supporters include The Depository Trust & Clearing Corporation (DTCC) and SNL. EDH will enable the participants to view the data via anonymous transaction counter trading of energy in the U.S. electricity and gas markets.

Many energy commodity transactions for energy and power in the deregulated exchanges occurred in the U.S. such as New York Exchange to trade oil and natural gas, but more individual or customized long-term energy transactions conducted through the counter. In the U.S., as there is usually a transaction that is considered the property of all the data with the details, including price or quantity of information, kept secret.

“In the last few years in the U.S., there is doubt because the energy market is less transparent mechanisms used by the participants. EDH will help rebalance the energy market in the U.S., creating more standard nomenclature and a greater transparency in the market price that will remove inefisiensi. As a neutral observer provides market intelligence, Point Carbon is very committed to this service, “said Per-Otto Wold, Point Carbon CEO.

Participants will submit data to be stripped of any information (such as the identity of the contractor), guaranteed quality, standards and in turn redistributed to other participants in this service. Similarly, the index or market intelligence company will be able to register as a subscriber to the service, acting as redistributors, so that better modeling and analysis of the North American gas & power markets. Main supporter of the service will be the DTCC, the family has helped the company to automatically centralize, streamline processes and standards that are critical to safety and health of U.S. capital markets, and will provide advice to the EDH in the development of service and technology.

“EDH akan bring light to the market and the type of transaction that has not been seen, and bring a lot of standardization for transparency, much needed by our industry for the future financial health and growth,” said Bob Anderson, CEO for EDH. “Because of the legislative and regulatory environment that is at this time, we offer the opportunity EDH industry to provide guidance and knowledge in which the most valuable.”

The idea to start this service, such as loss of confidence in the energy market in 2003 and the idea was developed further by the Chairman of the Risk Committee as not different-for-profit entities. However, complications in the development of services that is different from not-for-profit entities to carry the service pending the results. Carbon that has been working with the people originally involved in the making of U.S. energy data hub to bring in a new service for life in a matter of months.

Development of the participants are now registered, and will consist of an advisory panel for the EDH development.

About Point Carbon
Point Carbon is a world provider of independent news and analysis of the global market for energy, gas and carbon markets. Point Carbon’s comprehensive services provide professionals with market-moving information through monitoring fundamental information, key market and business development and policy.

About Energy Data Hub
Energy data from the Hub (EDH) is a mission to bring transparency to the energy market. By providing a central hub for the energy market stakeholders to save the safe, standard, the anonymous, and analyze the data transaction energy disperse, EDH liquid and ensure more balanced market. EDH success is the result of our desire to make the participants better and more efficient energy market now and in the future.