EEX: Successful Launch Of The Swiss Spot Market For Power

On Monday, the first hourly auction of the European Energy Exchange (EEX) on the Spot Market for Switzerland proved to be extremely successful: A price was established for every hour and ten out of a total of 15 licensed trading participants took part in trading.

For the first time ever, the Swiss Index (Swissix) was established for Switzerland, which forms a market area of its own with separate pricing. It corresponds to the average price of the 24 hours traded for the following day. A price of EUR 60.83 per MWh was established for the Swissix Day Base, while the price of the Swissix Day Peak amounted to EUR 72.95 per MWh. In total, a volume of 1878.5 MW/h was traded.

EEX operates a Spot and a Derivatives Market for power and CO2 emission allow-ances. With currently 156 trading participants from 19 countries it is the energy ex-change in Europe which boasts the biggest number of trading participants and the highest turnover. EEX is the first exchange in Europe to offer trading of coal futures and OTC clearing of coal contracts.