EEX to launch power futures for Germany
Product offers long-term solution for a potential split of the German-Austrian price zone
Peter Reitz, Chief Executive Officer of EEX, explains: "The ongoing discussion about a possible split of the German-Austrian price zone has led to increased uncertainty in the market. By offering additional longterm contracts for the German price zone only, alongside the existing Phelix product suite for the German-Austrian price zone, we follow the need of our customers to hedge against future price risks, regardless of the final price zone decision. Nevertheless, we strongly believe that such a decision would be a step in the wrong direction. Instead, we urgently recommend the further integration of European power markets as a split of the most liquid European price zone is likely to decrease liquidity and increase costs of power supply. Therefore, we will actively participate in the further debate on this topic."
The offering for the German-Austrian price zone (Phelix-Future) currently covers Day, Weekend, Week, Month, Quarter and Year Futures as well as Month, Quarter and Year Baseload Options. Furthermore, power derivatives for France, Italy, Spain, Belgium, the Netherlands, Switzerland, Greece, Romania, the United Kingdom as well as the Nordic market are available on the EEX platform. This summer, EEX will extend its power derivatives product range with contracts for the Czech Republic, Slovakia, Poland, Hungary and Romania which are currently listed on Power Exchange Central Europe (PXE).
European Energy Exchange AG
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). More information: www.eex.com