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Nasdaq Plans Day-ahead Power Market Launch

Nasdaq’s commodities exchange plans to launch its day-ahead auction market for electricity in Germany, France and the Nordics around April 2020, according to its head of European Commodities. Currently Nord Pool is alone in the Nordics in offering day-ahead electricity trading but will be joined by EPEX SPOT at the end of the year. Georg Aasen said a new European Union regulation, called Capacity Allocation and Congestion Management (CACM), which calculates how much space can be used on cross-border power lines and allows more competition, facilitated Nasdaq’s decision. The licenses needed are in place for most of the countries that Nasdaq targets in its day-ahead market launch, he added.

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