Power futures trading will be done in a half-hour window
[SINGAPORE] Trading of electricity futures here will be done during a daily half-hour window, with the market operated by the Singapore Exchange and based on spot electricity prices provided by the Energy Market Company, the wholesale electricity market operator here, BT has learnt.
This is not unlike the current trading of oil products in Singapore's oil hub, with this done during the half-hour Platts Window from 4 pm to 430 pm, where physical oil is traded on a bilateral basis between the various parties. The latter include oil traders and oil majors, as well as the so-called "Wall Street refiners", which refer to investment banks such as Morgan Stanley.
The details of the proposed framework for trading of electricity futures are expected to be finalised later this week, EMC's CEO Dave Carlson told The Business Times on the sidelines of the Electricity Roundtable conference yesterday
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