European Gas and Power Set for Near-Round-the-Clock Trading

European natural gas and power markets are set to undergo a major overhaul amid plans to extend trading hours and align them with other global commodities.

The move comes after traders and hedge funds from across the world piled into Europe’s energy in the aftermath of Russia’s invasion of Ukraine in 2022, driving up volumes and liquidity. It also reflects the growing alignment between gas markets in Europe and the US as the latter has become a top supplier to the region, replacing Russia.