Italy has limited potential for electricity derivatives trading at present � a number of problems need to be overcome before a market can develop properly. So said Nicolas Bertrand, derivatives division, Borsa Italiana, at the E-Mart Energy 2001 conference in Milan in late November.

Bertrand, who is involved in developing a power exchange for Italy, said that at present it would be very difficult to generate liquidity in the market, and participants need a lot of education and explanation on