ICE expands into European power markets

Atlanta-based electronic energy and commodities trading platform the Intercontinental Exchange (ICE) is set to trade UK, German and French power derivatives.

From May 23, ICE will offer 20MW forward and option contracts with the UK National Grid as delivery point, and 25MW contracts with Germany’s RWE Grid and the French RTE Grid as delivery points. ICE intends to start trading European coal contracts some time in June.

“We launched UK natural gas trading last December and have experienced steady growth since,” said Stephanie Trabia, chief executive of the UK division of ICE. “Now, Intercontinental can offer European energy traders single-screen access to a broad array of cross-border gas and power markets, global oil markets, and smaller, but closely linked, markets such as coal.”

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