IPE relaunches UK power futures, while LCH clears first OTC UK power trade

The new IPE contracts will be physically deliverable and are based on the electricity forward agreement calendar, which splits the year into four- and five-week blocks rather than calendar months. The original contract – delisted in March 2002 due to its lack of liquidity – was based instead on calendar months, which contributed to its slow take-up, said IPE spokesman Jason LaBrooy.

The IPE had introduced its original contract in March 2001 in response to the UK’s New Electricity Trading Arr