The electronic trading platform will be available for the trading participants around the clock. The short-term power transactions concluded there will be settled in a manner protecting the anonymity of the parties involved.
Through intraday trading the market participants and the public get comprehensive in-formation regarding available capacities, sales and prices. This means the platform makes an important contribution to increased transparency on the electricity market. The trading platform will not only be available for the trading participants of the EEX Spot Market; moreover, it will be open to other traders and to those responsible for balance areas.
As a first step, the new trading system will permit trading of hourly deliveries of the current and of the next calendar day up to 75 minutes before the commencement of the delivery in question. As a next step, the offer will be extended to trading of quarter-hour deliveries up to 45 minutes before the commencement of delivery in accordance with the intraday specifications as per the German Energy Act (EnWG) and the German grid access regulation (StromNZV). Moreover, there are plans to include other countries in the platform and to open the settlement infrastructure for intraday transactions not con-cluded on the platform.
EEX operates a Spot and a Derivatives Market for power and CO2 emission allow-ances. With currently 146 trading participants from 19 countries, it is the energy ex-change in continental Europe which boasts the largest number of trading participants and the highest volume traded. The range of services provided by EEX is comple-mented by related services such as the integrated clearing of exchange based con-tracts and over-the-counter transactions (OTC clearing). On 2 May 2006 EEX was the first exchange in Europe to launch OTC clearing of coal contracts and trading of coal futures.
