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ICE Joins Wind Derivatives Push as Renewables Reshape Power

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EXCLUSIVE ICE Joins Wind Derivatives Push as Renewables Reshape Power Intercontinental Exchange Inc. is launching new wind derivatives, joining a growing wave of exchanges trying to turn weather volatility into a more easily traded financial risk as renewable power reshapes electricity markets. The contracts, announced Monday in a market notice, will cover Germany, the UK, France, Denmark, Italy, the Netherlands and Spain. ICE says the futures will cover 70% of Europe’s wind generation...

EXCLUSIVE ICE Joins Wind Derivatives Push as Renewables Reshape Power Intercontinental Exchange Inc. is launching new wind derivatives, joining a growing wave of exchanges trying to turn weather volatility into a more easily traded financial risk as renewable power reshapes electricity markets. The contracts, announced Monday in a market notice, will cover Germany, the UK, France, Denmark, Italy, the Netherlands and Spain. ICE says the futures will cover 70% of Europe’s wind generation capacity and include onshore and offshore production. The contracts are set to go live on Dec. 14, pending regulatory approval.
Power Intercontinental Exchange Inc. (ORG) Germany (LOCATION) UK (LOCATION) France (LOCATION) Denmark (LOCATION) Italy (LOCATION) Netherlands (LOCATION) Spain (LOCATION) Europe (LOCATION)
Originally published by Bloomberg Markets Read original →