Germany

Germany

Spot markets not green yet

Germany now boasts three electricity exchanges for spot market trading, but none yet trades in green power. The Leipzig Exchange, LPX, which began trading in June, has the most traffic so far. In July, 17 companies were trading on itEUR most of these utilities from Germany and abroad. Industry players were under-represented, according to LPX. The daily volume traded had reached around 4000 MWh with the price averaging about EUR 17/MWh (or EUR 0.017/kWh). LPX says the amount of power traded daily has been about 100 times more than that handled by the German hub of Amsterdam Power Bourse APX, opened in May. Another exchange, EEX of Frankfurt, was scheduled to open its electronic doors last month. Germany's electricity market was fully opened to competition in April 1998.

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