EEX Group: The Phelix-DE Future; the new benchmark for European power

EEX Group: The Phelix-DE Future; the new benchmark for European power

Steffen Riediger: Head of European Power Derivatives

The decision by the German energy market regulator BNetzA to split the combined German-Austrian price zone discombobulated market participants. To help clients manage change, in April 2017, EEX Group introduced the Phelix-DE Future and Phelix-AT Future contracts, which provide risk management tools for the new, separate, national market areas of Germany and Austria. Since then, EEX Group has seen a big move in the market. In the Cal-19 contract, for instance, more than 60% of the total volume is already traded in Phelix-DE Futures. Steffen Riediger, Head of European Power Derivatives, EEX Group explains how the Phelix-DE Future is establishing itself as the new reference product for European Power.

EEX Group The Phelix-DE Future the new benchmark for European power (November 2017)