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EU electricity market reform’s virtual trading hubs aren’t a good idea, lobbies say

( November 11, 2024, 23:06 GMT | Official Statement) -- MLex Summary: EU policymakers should consolidate existing forward markets and hedging instruments, rather than create virtual trading hubs, key lobbies have said. These hubs “bear more risks than benefits compared to existing hedging practices,” Energy Traders Europe, Eurelectric and Europex argued, based on a study they commissioned. The possible introduction of virtual hubs is to be assessed under by the latest EU electricity market design reform as a way to “enable the pooling of liquidity and provide additional hedging opportunities to market participants,” according to the law.Press release follows; study available here....

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