Nord Pool hires ex-Natsource brokers, eyes power spread contract

Nordic power exchange Nord Pool has hired brokers from the Oslo office of energy broker Natsource, which would fit with rumours that Natsource is closing its Scandinavian business. Natsource president Jack Cogen declined to comment.

The exchange is also considering launching a spread contract based on the difference between the Nordic power price and the continental Europe power price, as represented by the German electricity price, said Erik Villum, Nord Pool’s senior vice-president of financial markets.

Many of the exchange’s Nordic participants want to see such a contract, he told Energy Risk. However, the exchange needs to ensure it will have market-makers for the contract before it goes ahead, added Villum.

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