Power market must act on clearing to avoid mandatory limits, says EEX CEO
Individual participants in the European power markets need to be proactive on clearing if they are to avoid enforced mandatory limits, according to chief executive officer of the European Energy Exchange (EEX) Hans-Bernd Menzel.
"If the different communities within Europe fail to act on this, and continue to be obstinate, then mandatory clearing has a good chance of being passed by the European Commission in Brussels," said Menzel at a workshop in London run by clearing house European Commodity Clearing (ECC) on March 16th.
"Immediately following the Lehman Brothers collapse we saw a sharp increase in clearing, but two
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