FOA launches UK power market initiative

The Futures and Options Association (FOA) is seeking to introduce a new structure for wholesale UK power markets. It has issued a request for proposals (RFP) seeking providers of clearing and other infrastructure services to put forward proposals to deliver a central clearing service for the trading of prompt power, compile a set of power reference prices and establish an auction market.

The delivery of these services is expected to help enhance transparency throughout the forward price curve

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