Excluding the Nordic region, western European total power trading volumes in the over-the-counter and exchange-traded markets grew by 32% in 2003 from the previous year.

The only major market to see a drop in volume was the Nordic region, which had a 28% share of volumes, while Germany led with 32%, followed by the UK with 29%. Elsewhere, the French and Dutch markets did very well, although they are still “small players in the big trading volume picture”, says the 139-page report.

Prospex