This viking city is reshaping European electricity markets

Short-term commodity traders operating from the Danish city Aarhus are making fortunes on price arbitrages between European electricity markets and at the same time matching surpluses and shortages from intermittent renewables, helping to render green power highly fluid and efficient throughout the union's grids.

Photo: Danske commodities

On a sunny and windy autumn day, scores of energy traders are glued to banks of screens in offices ranging from a tiny basement to some of the plushest buildings in the Danish city of Aarhus.

Most of them are in their 20s or 30s and form a new generation seeking to make a buck by predicting the wild swings in electricity prices caused by a few more hours of sunshine or a fresh blast of wind. Europe's unprecedented shift toward renewable energy helped quadruple activity last year in the region's biggest market for power delivered on the same day.

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