19 April 2024
The Gas Strategies Interview: Derek Willis, spokesman for the London Energy Brokers' Association (LEBA)
Publication date: 11 November 2014
Gas Strategies Group
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ISSN: 0964-8496
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Recent news that over-the-counter (OTC) trades at the Dutch Title Transfer Facility (TTF) hub have exceeded those at the UK’s National Balancing Point (NBP) reminded brokers again that whilst their activity is growing on the TTF, their share of the UK market is ever shrinking, with an increasing number of trades moving to the UK exchange instead. OTC-broker deals fell from 1,115,07visual_editor,346 MWh in January visual_editor011 to 796,733,visual_editor08 MWh in September visual_editor014. In contrast, in September visual_editor014 the TTF registered OTC-broker trades worth 1,138,613,444 MWh. Gas Strategies speaks to Derek Willis, spokesman for the London Energy Brokers' Association (LEBA), about the recent shift to exchange trading in the UK, and asks whether, with the TTF becoming increasingly liquid, this trend could occur at the Dutch hub as well.