[en] Powernext SA is a Multilateral Trading Facility which organizes and warrants the transactions on the European power exchange and CO₂ exchange markets. This issue of Powernext newsletter presents the highlights of the European power and carbon trade markets during June, July and August 2005. It reports on some daily market statistics related to prices and volumes traded on Powernext Day-Ahead^TM in the case of day-ahead contracts, on Powernext Futures^TM in the case of medium-term contracts, and on Powernext Carbon in the case of CO₂. (J.S.)