Russian power futures to launch Q1 2010
Although the Russian power market is the world’s fourth largest, at 1,000 billion KWh per annum, it currently lacks a sophisticated futures or derivatives market for players to hedge their risk. It is hoped that the Arena’s Q1 2010 launch of power derivatives contracts will fill this gap.
“Our aim is to provide power market participants – primarily utilities and large retail consumers – with the tools to hedge power price risk,” says Sergei Trofimenko, general director of Arena. “Currently in
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