Germany to start trading
Deutsche Börse, the operator of the Frankfurt stock exchange, has announced that it will begin trading electricity futures contracts and hopes to have an energy exchange operating by the end of the year.
The announcement in January came only a month after the German utility PreussenElektra announced plans to open an electricity trading floor in Hanover.
The moves are in response to the gradual liberalization of the German power market and the development of a spot market among utilities which have also begun setting up their own trading arms.
PreussenElektra is also working with Dow Jones & Co. to establish a Central European Power Index.