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Today, the European Energy Exchange (EEX) successfully launched trading in Guarantees of Origin for Green Power (GoOs). The first trade has been concluded by Danske Commodities A/S and Steweag-Steg GmbH (a Energie Steiermark company) for the Nordic Hydro product for delivery in December 2014 comprising a volume of 5,000 GoOs at a price of EUR 0.200 per certificate.
With the purchase of a green power certificate, energy suppliers can prove that one megawatt hour of power has been produced from renewable energy. The trading on the EEX Derivatives Market is therefore not combined with the physical delivery of electric power but it is a Europe-wide certificate system, comparable with trading of emission allowances.
Initially, trading will take place on only one trading day per week, on Thursdays from 1 to 4 pm. For trading in Guarantees of Origin, EEX released a "Membership Fee Holi- day" and reimburses new participants the annual fee for the first year.
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 related products on which power, natural gas, CO2 emission allowances and coal are traded. 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.
