The Futures and Options Association (FOA) project to encourage UK power market liquidity has failed to reach its hoped-for June conclusion.

The FOA issued a request for proposals in mid-2007, inviting providers of clearing and other market infrastructure to deliver a central clearing service for the trading of prompt power in the UK. The project entered a test phase in February 2008, and FOA chairman Anthony Belchambers told Energy Risk in May that he expected to announce the result at the end of