Aquila introduces new power contract

Aquila Energy has launched a new, financially settled, forward-traded, over-the-counter (OTC) power contract. It is intended to create a market for institutions and investors unable to access the power market or trade power due to physical infrastructure requirements or regulatory restrictions.

John Murphy, executive vice-president and general manager of Aquila, says the Kansas City, Missouri-based energy firm is “first to market” with this risk management tool.

Aquila says the new power contr