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European power trading on the up, says Prospex report

Excluding the Nordic region, western European total power trading volumes in the over-the-counter and exchange-traded markets grew by 32% in 2003 from the previous year.

The only major market to see a drop in volume was the Nordic region, which had a 28% share of volumes, while Germany led with 32%, followed by the UK with 29%.

Elsewhere, the French and Dutch markets did very well, although they are still “small players in the big trading volume picture”, said the report.

Prospex says the research is based on interviews with key players in all major European power markets. It provides analysis of market trends, and reviews commercial and regulatory issues, including grid system performance, trading instruments and emissions trading.

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