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