European power: Iberian market slow to develop
The Iberian electricity market has experienced a resurgence in liquidity in recent years as increasing number of counterparties are starting to rejoin this market.
Investment banks, hedge funds and major European utilities have started to participate, after a period of extremely low volumes on both the spot and forward markets, prompted by the impacts of the global recession. Volumes have grown from 5.0 terawatts in 2006, the launch year of the Iberian power derivatives exchange and clearing
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