"The record result clearly underlines the continuously growing acceptance and reliabil-ity of the EEX prices“, Dr. Hans-Bernd Menzel, chairman of the management board, comments. "The EEX price has long been an acknowledged market price for power in continental Europe. It is used, amongst others, by the regulatory authorities both on a national and international level, numerous banks offer their customers instruments and even laws refer to the EEX prices as a benchmark (e.g. the German law on co-generation, the German law on renewable energies).” The welcome development on the Derivatives Market also confirms once again that EEX has chosen the right path with the integration of the IT systems which has been implemented and with the prod-uct expansions associated with this, Menzel emphasizes.
EEX operates a Spot and a Derivatives Market for energy and energy-related products and, with 128 trading participants from 16 countries, it is the energy exchange in conti-nental Europe which boasts the highest number of trading participants and the biggest turnover. In addition to electricity and electricity futures, options on electricity are also traded and trading in CO2 emission allowances commenced in March 2005. The range of services provided by EEX is complemented with related services such as the joint clearing of exchange transactions and over-the-counter transactions (OTC clearing).
