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From 16 February 2015, the European Energy Exchange (EEX) will launch exchange trading in power futures for the Spanish, Swiss and Nordic market area, which are only available for Trade Registration at present. The available products comprise month, quarter and year maturities for the countries specified. In addition, calendar weeks can also be traded on the Spanish Power Spot Market. As a result, EEX will supplement its existing offering for order book trading on the exchange which already includes Power Futures for Germany/Austria, France, Italy, the Netherlands and Belgium.
In addition, on 17 February 2015, EEX will also introduce trading in Location Spreads for the new market areas. This will enable participants to trade in price differences between the individual delivery areas.
Furthermore, EEX will also expand the short-term maturities on the Power Derivatives Market. From 23 February 2015, customers can also trade in day and weekend futures for French, Italian and Spanish Power Futures on EEX or register these for clearing.
“The expansion of our ‘Clearing-Only’ products for Spain, Switzerland and the Nordic countries with exchange trading complies with our customers’ wishes. This will bring us a decisive step closer to our aim of offering order books for all the important European markets”, explains Steffen Köhler, Chief Operating Officer of EEX. “The new spread functionality which we have developed will enable us to directly link these order books thereby permitting a much faster increase in liquidity on these markets.”
In total, 1,570 TWh were traded on the EEX Power Derivatives Markets in 2014. In December, the volume exceeded a level of 200 TWh for the first time. And last year’s positive trend continued in January. Until last Friday, a volume of 180.7 TWh was traded on the Power Derivatives Market in January. This already forms an increase of 56 percent against the volume for the entire month of January 2014 (116.2 TWh).
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 commodities products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC).
