Today, the European Energy Exchange (EEX) successfully launched trading in new short-term power derivatives, the Phelix Day and Week-end Futures.
Until 02:00 pm CET a total of 720 MWh was traded in the new products. The first transaction for the Future for delivery on 23 November with a volume of 600 MWh was concluded between A2A Trading S.r.l. and Dynamic Energy ApS at a price of 47.15 Euro/MWh.
The new Day and Weekend Futures complement the existing cash settled Phelix Futures for Germany/Austria available for trading on a weekly, monthly, quarterly and yearly basis and therefore close the gap between the Spot and Derivatives Market. With this step, EEX offers its customers further products and responds to the continuous trends towards more flexibility and short-term trading on the Derivatives Market.
The European Energy Exchange (EEX) develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances and coal are traded. The German and the French Power Derivatives Market is operated by EEX Power Derivatives, a company in which EEX AG holds 80 percent and Powernext SA holds 20 percent. 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.
FTSE Mondo Visione Exchanges Index:
EEX: Power Day Futures Successfully Launched
Date 22/11/2012