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January launch for UK power market N2EX

The launch of the UK’s first liquid forward market, N2EX, aims to harness liquidity from the rest of Europe and allow smaller traders to more easily participate. Rachel Morison reports

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New UK power market, N2EX, will launch a day-ahead auction market on January 11, 2010 and trading and clearing for the prompt market will begin on January 12, it was announced this month. The new power market is being developed by Nasdaq OMX Commodities and Nord Pool Spot in close co-operation with the Futures and Options Association (FOA) and UK market participants.

Most UK power is traded in the

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