New UK power market to launch in January

The new UK power market, N2EX, will launch its day-ahead auction market on January 11 next year, and trading and clearing for the prompt market will begin on January 12.

The new power market is being developed by Nasdaq OMX Commodities and Nord Pool Spot, in close co-operation with the Futures and Options Association and UK market participants.

"Our aim is to establish a physical reference price based on the physical power market and to build market liquidity, efficiency and transparency," says