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European power trading on the up, says Prospex report

European electricity trading volumes increased in 2003, with Germany seeing the biggest volumes, overtaking the Nordic region for the first time. So says a new report from London-based Prospex Research, European Power Trading 2004 .

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”, says the 139-page report.

Prospex

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