EEX: Positive Assessment Of The First Week Of Trading - 23 Participants From 6 Countries Are Now Active At EEX

The European Energy Exchange EEX gives a positive assessment of the first week of electricity trading: "Based on the feedback from our participants, the prices achieved in trading at EEX and the narrow spreads provide a very accurate picture of the price situation on the OTC market," said the two EEX Board members Christian Geyer and Hans E. Schweickardt on Tuesday.

Since EEX was launched on August 8, a total of 77,743 megawatt hours (MWh) of electricity were traded within the first week of trading (up to August 14). Of that total, 11,119 MWh were traded in individual hours and 66,624 MWh in blocks. In block trading, 32,760 MWh were peak-load blocks and 33,860 MWh base-load blocks. The highest daily volume at EEX was achieved on August 11 with 16,915 MWh.

The number of EEX participants has increased further since the EEX launch, with 23 participants from 6 countries trading on the exchange since Monday. Enron Capital and Trade Resources Ltd. and EDF Trading Ltd. are new members. "We regard the activity by our participants as clear evidence of their confidence in EEX," as Geyer and Schweickardt put it. "The EEX is on the best way to position itself as the predominant market place for electricity in continental Europe." The fact that EEX offers trading in blocks and in hours is attuned to conditions on the German market, they added, and is in line with the market participants' requirements.