A new trading activity record was set on the power price index futures contract, the joint project between the OJSC RTS and OJSC Moscow Energy Exchanges.
On September 23, 2010 the volume of open interest on the power price index futures contract on OJSC Moscow Energy Exchange hit a record high of RUB101,403,896.40, representing 4,794 contracts or 102,976.2 MWh, doubling figures from last year.
The increase in open interest over the past month reflects the rising interest and demand from companies in the power sector, such as “Dizazh-M” LLC, OJSC “Permenergosbyt”, OJSC “Chelyabenergosbyt”, JSC "TGC-2" and OJSC “First sale company”, to trade in power futures on the OJSC Moscow Energy Exchange. This is mainly a result of the power sector preparing for the Autumn-Winter market, where demand is usually high. Other participants in the power derivatives market, including the settlement companies Vector Investment Company, CJSC, OLMA Investment Firm, ALOR INVEST Ltd and Brokercreditservice Ltd, also demonstrated high levels of activity.
