Clearing the way
The Futures and Options Association has called on UK power market participants to come forward to help develop the market's structure. Chris Cook proposes an enterprise model that aims to overcome the obstacles to co-operation
The UK wholesale electricity market is broken – liquidity has been declining for years and structural reform is necessary. This was the conclusion of the Power Trading Forum (PTF) of the UK's Futures and Options Association (FOA) last year. Since the PTF comprises the active market participants, they were both willing and able to take action, resulting in the issue of a request for proposals (RFP)
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