ECC Phases Out Delivery Fee For Futures Upon Exercising An Option

Please note that the European Commodity Clearing AG (ECC) will no longer charge any delivery fee for Phelix Options as of the 1 November 2014. This will cause an overall cost reduction of 50% for options going into delivery with a premium of 0.15 EUR/MWh or more, and a 66% reduction for options with a premium less than 0.15 EUR/MWh.