The European Energy Exchange (EEX) and Seven2one Informationssysteme are to expand their cooperation on the Transparency Platform. In the course of the first quarter of 2019, Seven2one, which has been in charge of the software development so far, will also assume the technical operation of the EEX Transparency Platform (www.eex-transparency.com).
EEX will continue to be the contractual partner for the reporting companies and market participants. Likewise, the service and contacts at EEX will remain unchanged.
“Having software development and technical operation as a one-stop shop solution enables us to speed up the implementation of new requirements resulting from regulatory changes”, explains
Dr Christoph Schlenzig, Managing Director of Seven2one.
Dr Tobias Paulun, EEX Chief Strategy Officer, comments: “Seven2one has supported the development of the platform as a service provider since 2009 and is also involved in its further development as an important partner. We are pleased to now be able to further expand our cooperation.”
In 2009, in cooperation with transmission system operators, EEX launched the transparency platform, publishing fundamental data from Germany and Austria with the aim of increasing transparency on the wholesale market. Over the last years, EEX has further developed the platform with a focus on fulfilling publication and data reporting requirements under REMIT ((EU) No. 1227/2011), the European Market Abuse Directive ((EU) No. 596/2014) and the EU Transparency Regulation ((EU) No. 543/2013). At present, almost 100 companies from 15 countries fulfil their regulatory reporting requirements via the Transparency Platform.
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.
Seven2one provides individual software solutions for the energy sector, industries and infrastructure operators. Seven2one solutions stand for highly efficient data management and automated end-to-end processes in generation, consumption and trading. Since 2001, this Karlsruhe-based software specialist has digitalised business processes – initially focusing on liberalisation and with the energy revolution ranking highest on the agenda today.