Screens admitted to Singapore
International Petroleum Exchange (IPE) has revealed that it
is close to a second attempt at launching power futures
contracts. Marc Leppard, IPE's director of regulation and
compliance, who is overseeing the development of the new
baseload and peakload contracts, told FO Week that
their launch is expected in the next quarter.
The exchange had previously said that it was considering the
contracts, but had not committed to them. It has attempted to
introduce similar products in the past, but suspended its
electricity futures in March 2002 after they failed to attract
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