First LEBA UK Power MA index deal trades through Spectron
Spectron, the leading commodities brokerage, is pleased to announce that its UK power desk has today brokered the first reported trade based on the LEBA Month-ahead UK Power index.
The October ’09 trade, for 500 MW, was transacted at a premium of £0.02/MWh to the LEBA (London Energy Brokers’ Association) 1600-1615 UK power window index. The names of counterparties involved in the trade are to be kept confidential.
“We are delighted to have been involved in this trade. The index window is the same as the afternoon window for the Month-ahead gas market and so the hope is that it could help stimulate increased liquidity in the front months. This could ultimately underpin the development of an active swaps market ― in power and spark spreads,” said Chris Barton, head of UK Power at Spectron.”
The LEBA Month-ahead window index was launched at the end of last month. Index values are available viaLEBA.
For all Press enquires, please contact:
Richard Frape - Director of Market Services at Spectron
+44 (0) 207 074 2008
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