Crossed wires
The wholesale UK power market has struggled to attract liquidity from financial players. The Futures and Options Association's initiative to restructure the market is intended to solve these problems, but some established market players say they have seen it all before. Roderick Bruce investigates
In mid-June, the Futures and Options Association (FOA) launched a request for proposals (RFP) inviting providers of clearing and other market infrastructure to deliver a central clearing service for the trading of prompt power, compile a set of power reference prices and establish an auction market. So far, market participants have mooted Nord Pool and APX as strong contenders for the market operator role. The initial deadline for the end of July has since been pushed back to September 10.
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