
The International Petroleum Exchange has launched a monthly baseload index. This is a financially settled product, which settles at the end of each month. There has been a demand within the wholesale market for a recognisable index, the LEBA (London Energy Brokers Association) was started in Jun-04 and is now widely recognised, with the main brokers and APX feeding numbers into this index. For customers to utilise these indices, they have to be sure that the market is liquid enough to stop traders influencing the index with a few trades. Also they need to be happy with the algorithms created to give a customer shaped price, from one index number.
14 February 2005
24 September 2010
31 December 2009
16 November 2009
02 October 2009
19 June 2009
04 March 2009
30 October 2008
05 October 2007
28 September 2007
05 March 2006