UK power market N2EX launches

Nasdaq OMX Commodities and Nord Pool Spot successfully launched a new UK power market N2EX, including a day-ahead auction and trading and clearing for the prompt market, on January 12.

The total traded volume on the day-ahead auction that closed at 10:30 CET was 6,987 MWh. "The prompt market is still open for trading and so far traded volumes have exceeded expectations," says Hans Randen, director of trading at Nord Pool Spot.

N2EX will establish a reference price based on the physical market.

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