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Today, trading in Phelix-Off Peak Futures was launched as scheduled on the EEX Power Derivatives Market. The existing Phelix Base Futures (base load delivery of power) and Phelix Peak Futures (peak load delivery power) are expanded with Off-Peak Futures.
The off-peak load profile comprises the period from 0:00 to 8:00 and from 20:00 to 24:00 on Monday to Friday and from 0:00 to 24:00 on Saturdays and Sundays. The new futures enable an improved structuring of the portfolio for the trading participants.
EEX has, thus, rounded off its offer of financial Phelix Futures with regard to the maturities and load profiles. In addition, Week Futures were launched on the EEX Derivatives Market at the end of March. All Phelix Futures products can also be traded and cleared by Eurex participants through their existing infrastructure in the context of the existing cooperation.
EEX Power Derivatives GmbH is a majority-owned subsidiary of European Energy Exchange AG (EEX), which was established as of 1 January 2008. EEX Power Derivatives operates the German and the French Power Derivatives Market and, hence, has a central position in Continental European power trading. Currently, 151 companies are admitted to trading on EEX Power Derivatives.
