Clearing launch for German power

UK-based broker Spectron Group and UK Power Exchange (UKPX), the energy market division of OM London Exchange, have launched a clearing service for German bilateral power contracts.

The German power clearing service is based on the RWE Net grid system, and contracts can be cleared for maturities of up to two years. The clearing of German power and UK power bilateral contracts will soon be joined by a UK natural gas clearing service.

Fredrik Voss, head of UKPX, says the service will allow

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