Powering consolidation

Grand plans to unite Europe's power spot markets in a single exchange have been put into motion by Leipzig-based European Energy Exchange (EEX) and Paris-headquartered Powernext.

The two exchanges have agreed to pool both their power spot and futures markets in a 50/50 joint venture, with the merged entity's spot trading to be based in Paris, and futures and clearing activities in Leipzig.

The merger agreement also includes plans to potentially integrate operations with the Swiss Eurex and

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