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Intra-day trading at European Energy Exchange AG (EEX) was launched successfully on Monday of this week.
Until 06:00 pm 2,242 MWh were traded. In this process, 40 transactions were concluded in which 13 trading participants were involved. Trades were concluded in three of the four TSO zones offered. So far, 80 of the 132 trading participants on the Spot Market have been granted access to the intra-day trading system. In addition, new trading participants are licensed every day.
”We are happy with the activity that we have seen on the first day of trading and in particular with the broad range of trading participants who have taken part during the first day. These comprise municipal utilities, regional suppliers as well as national and international power suppliers. Now, it is our task to substantiate the confidence which has been placed in us by means of the further development of the services and of the system“, Oliver Maibaum, Director Market Operations, explains.
In the framework of intra-day trading on EEX the trading participants on EEX can buyand sell electricity at very short notice. As in the case of all other trading activities on EEX, intra-day trading is subject to state supervision and organized under public law. Security in physical delivery and the settlement of payments is also ensured in this market by the clearing subsidiary of EEX, European Commodity Clearing AG. The electronic platform for intra-day trading will be available for the market participants around the clock on seven days per week. Trading and settlement will be effected in all four German TSO zones. Moreover, there are plans to include further countries in the platform.
EEX operates a Spot and a Derivatives Market for power and CO2 emission allowances.With currently 152 trading participants from 19 countries, it is the energy exchange in continental Europe which boasts the largest number of trading participants and the highest volume traded. On 2 May 2006, EEX was the first exchange in Europe to launch OTC clearing of coal contracts and trading of coal futures. The clearing services are provided by European Commodity Clearing AG (ECC), a wholly owned subsidiary of EEX AG.
