Yesterday, the first trading transaction in Spanish Power Futures was registered on the European Energy Exchange (EEX) for clearing via European Commodity Clearing (ECC). The trade, for delivery in May 2014 was concluded between Compagnie Nationale du Rhône and EDF Trading Limited and matched by the broker Tullett Prebon (Securities) Limited. The volume comprised 7,440 megawatt hours traded at a price of EUR 37.35 per MWh.
EEX has offered trade registration for Spanish Power Futures since 19 March. In addition to Spanish power contracts, EEX and ECC offer trade registration services for Italian, Romanian, Scandinavian and Swiss Power Futures. Furthermore, trade registration of bilaterally closed transactions is possible for those products that are available for exchange trading at EEX. On the power derivatives market, this offering comprises futures for Germany/Austria, France, Belgium and the Netherlands.
On 7 April 2014, EEX will introduce order book trading for the Italian power derivatives market, which will supplement the existing offer for Trade Registration in this market.
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 related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. In the context of its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilizer. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.