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Exchanges gradually gain pace

After much talk of new trading solutions for German power, only one platform – EEX – has made significant progress, although the new clearing solution from Clearing Bank Hannover seems to be picking up steam. James Ockenden reports

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With credit problems gripping energy firms worldwide, the need for clearing and exchange solutions in Europe’s biggest power market led to a rash of proposals during the past year from brokers and existing exchanges alike. A consortium of German banks launched Clearing Bank Hannover (CBH), which aimed to become the central power clearing hub for Germany. Broker Spectron, in conjunction with UK Power Exchange, announced a new clearing service for German bilateral contracts in September. Add to

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