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Power Liquidity Possibly Dented by EEX, Nasdaq Acquisition Reversal

POWER

EEX's scrapping of the Nasdaq Nordic power derivatives market deal has sparked market doubts potentially impacting liquidity, while others seek clarity on Nord Pool's regional plans, Uniper said, cited by Montel.

  • This uncertainty deters new entrants and prompts existing members to wait for a market structure solution, according to head of power trading at Uniper Morten Erik Pettersen.
  • EEX agreed to buy Nasdaq’s European trading and clearing business in June of last year, but terminated the acquisition last week due to an ongoing query by the European Commission.
  • Nasdaq has not stated how much longer it plans to stay in the Nordic power market. But Nord Pool previously told Montel it was considering a relaunch of financial contract.

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