IPE launches UK electricity baseload index

The first major deal based on the index was reported yesterday, said the London-based exchange. Accord Energy, the wholesale trading arm of UK utility Centrica, and EDF Trading, part of French utility Electricité de France, traded close to half a gigawatt of March baseload electricity. London-based broker Spectron Energy Services brokered the deal.

IPE calculates the index as a rolling average of the front-month settlement price for each trading day. The final index is the one calculated on

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