Trading begins on Prague Energy Exchange

The Prague Energy Exchange (PXE), a platform for trading electricity in the Czech Republic, launched on July 17, with ten participants trading physically delivered futures contracts dated monthly for the remainder of 2007.

PXE is run by the Prague Stock Exchange (PSE) and is the first market of its kind in central and eastern Europe. Petr Koblic, chief executive of PSE, told Energy Risk that the new exchange will deliver "the standardisation of the market and the establishment of a more

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