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On 23 March 2017, the Exchange Council of the European Energy Exchange (EEX) held their first meeting of 2017 in Lyon. The meeting was chaired by Dr Michael Redanz, Managing Director of EWE Trading GmbH. During the meeting, the Exchange Council discussed the extension of EEX’s power derivatives product range with contracts currently listed on Power Exchange Central Europe (PXE). The Exchange Council also approved the re-appointment of Steffen Köhler and Dr. Tobias Paulun to the Exchange Management Board of EEX, in addition to confirming new appointments to the Sanction Committee of EEX.
The focus of the meeting was the cooperation with PXE and the migration of the PXE product range of power derivatives to the EEX platform and under the EEX rulebook. Currently, PXE offers cash-settled power futures for the Czech Republic, Hungary, Slovakia, Romania and Poland. The contracts are available with monthly, quarterly and yearly expiries. The Exchange Council confirmed that these contracts will also be made available to EEX trading participants from summer 2017, by listing the PXE products on the EEX T7 trading system. In addition, physically-settled power futures for Slovakia shall be listed for Trade Registration.
The transfer of PXE products to the EEX T7 platform opens up new trading opportunities for both current PXE and EEX members. EEX members will receive straightforward access to the products which are currently listed at PXE while PXE members will receive trading access to the current EEX product suite. Furthermore it has the potential to open up Central and Eastern European products to traders currently not active in this region.
