This morning, the European Energy Exchange (EEX) welcomed Dr. Anton Hofreiter, parliamentary group leader of Bündnis 90/DIE GRÜNEN (the German Green Party), to Leipzig. During his visit to EEX, Anton Hofreiter visited the trading floor of the exchange where he was given an overview on the operation of wholesale power trading.
“During my visit, it was particularly important to me to exchange views on the security of supply and the further development of the market design with the experts at the energy exchange”, explains Anton Hofreiter. “In this context, it was very interesting for me to learn how volumes of power generated from renewable resources are integrated into the market and how providers can place green power on the market even more successfully.”
“We were very pleased to be able to welcome Mr. Hofreiter to EEX and to give him an insight into power trading”, confirms Tobias Paulun, Chief Strategy Officer of EEX. “Functioning and liquid power spot and derivatives markets are indispensable in order to reach both the national and European energy and climate targets. The market has shown that it can integrate the increasing volumes of renewable energies. This is based on the energy-only market and grid expansion which are promoted by the political sector with determination.”
In addition to a tour of the market supervision department, Mr. Hofreiter’s schedule included an expert discussion with various representatives of EEX focusing on power and emission allowance trading.
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 commodity 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), Gaspoint Nordic, Power Exchange Central Europe (PXE) and Nodal Exchange are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC) and by Nodal Clear in the United States. EEX is part of Deutsche Börse Group.
More information: www.eex.com
