Europe’s Energy Markets Are Upended by a New Breed of Traders

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By Elena Gergen-Constantine

January 18, 2024 at 11:13 PM UTC

A handful of trading companies operating out of two towns in Denmark are dominating the whole of Europe’s grid. They are using a mix of computer wizardry and meteorological acumen to upend the electricity trading market. And they’re making bank, with several firms making 200%-plus returns.