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Playing power games

Thanks to increasing consolidation, it seems the country-specific energy exchange will soon be a thing of the past in Europe. But is this level of competition premature?

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When the Leipzig-based European Energy Exchange (EEX) launched a French power futures contract this summer - right on French exchange Powernext's turf - it heightened the degree of competition among European energy exchanges. But it has also created a clash of sensibilities between those who believe that exchange cooperation is the best way to increase market liquidity, and those who are pushing for consolidation among the exchanges.

Powernext CEO Jean-Franaois Conil-Lacoste is

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