Exchanges gradually gain pace


With credit problems gripping energy firms worldwide, the need for clearing and exchange solutions in Europe’s biggest power market led to a rash of proposals during the past year from brokers and existing exchanges alike. A consortium of German banks launched Clearing Bank Hannover (CBH), which aimed to become the central power clearing hub for Germany. Broker Spectron, in conjunction with UK Power Exchange, announced a new clearing service for German bilateral contracts in September. Add to th

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