Friday, June 15, 2007

U.K. Power Traders, RWE, Merrill, Seek Exchange for Electricity Auctions

(Bloomberg) -- The U.K.'s Power-Trading Forum,
whose members include utilities such as RWE AG and banks Merrill
Lynch & Co. and Barclays Capital, called for the development of
exchange-based clearing and auctions for electricity.

The forum is seeking an operator to immediately provide an
exchange-trading platform for electricity and act as a pool for
market liquidity, it said in an e-mailed statement.


Read more at Bloomberg Energy News

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