On a slow road

Many in the energy industry are touting Italy as the next country in Europe to fully open its energy market to competition. But on closer examination, the country has a long way to go if it is to emulate the UK, the Nordic region and Germany. By Robin Lancaster

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Italy has limited potential for electricity derivatives trading at present � a number of problems need to be overcome before a market can develop properly. So said Nicolas Bertrand, derivatives division, Borsa Italiana, at the E-Mart Energy 2001 conference in Milan in late November.

Bertrand, who is involved in developing a power exchange for Italy, said that at present it would be very difficult to generate liquidity in the market, and participants need a lot of education and explanation on

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