Energyforum

Imarex started clearing Nordic and German power contracts in December last year, and the trading solution Nos Direct was started in January.

However, there has been minimal activity since the market place was launched, Olav Edland, vice president at NOS Clearing, told Montel Powernews at the Nordic Energy Days in Oslo.

The company started a so-called multilateral trading facility, but has now applied for a licence as a regulated market place. The new marketplace solution implies a higher degree of regulation just below that of a regulated exchange, such as Nord Pool.

Edland said the application was sent before the summer, and a licence is expected soon.

In a separate step to enhance its power trading activity, Spectron Energy Services in Stavanger will from 1 September start focusing solely on NOS contracts, and no longer be a Nord Pool broker. NOS Clearing has also signed broker deals with other brokers for clearing of Nordic and continental power derivatives.