Group structure
The European Energy Exchange AG (EEX) was founded in 2002 as a result of the merger of the two German power exchanges Leipzig and Frankfurt. Since then EEX has established itself as a leading trading market in European energy trading. Moreover, EEX has evolved into a corporate group which is open for European and international partnerships.
EEX relies on an open business model which generates increased flexibility, market coverage and volumes through systematic spin-offs and partnerships. This model is reflected in the corporate structure of EEX.
The transfer of the clearing activities to the subsidiary European Commodity Clearing AG (ECC) in 2006 constituted the first step in this process. The spin-off of power spot and derivatives trading into separate companies took place in 2007 and 2008. These subsidiaries are open for co-operations, participations and partnerships of various designs.
The offer for co-operation was accepted: The Dutch exchange ENDEX European Energy Derivatives Exchange N.V. has been cooperating with EEX in the clearing sector since 2006. Today, the clearing house ECC provides clearing and settlement for all products traded on ENDEX.
In the field of power trading EEX cooperates with the French Powernext SA. EEX holds 50% of the shares in the joint venture EPEX Spot SE based in Paris which operates short-term trading in power – the so-called Spot Market – for Germany, France, Austria and Switzerland. German and French power derivatives trading is concentrated within EEX Power Derivatives GmbH, a majority-owned EEX subsidiary with headquarters in Leipzig. Clearing and settlement for all spot and derivatives transactions on power are provided by ECC, which has already been settling the natural gas transactions traded on Powernext since November 2008.
Furthermore, EEX holds an interest in store-x GmbH (Storage Capacity Exchange), an internet platform for secondary trading in storage capacities for natural gas, and in trac-x GmbH (Transport Capacity Exchange GmbH), an internet platform for natural gas transport capacities. In addition, EEX holds 20 percent in EMCC GmbH (European Market Coupling Company), a company which executes the congestion management at the German-Danish border.
EEX relies on an open business model which generates increased flexibility, market coverage and volumes through systematic spin-offs and partnerships. This model is reflected in the corporate structure of EEX.
The transfer of the clearing activities to the subsidiary European Commodity Clearing AG (ECC) in 2006 constituted the first step in this process. The spin-off of power spot and derivatives trading into separate companies took place in 2007 and 2008. These subsidiaries are open for co-operations, participations and partnerships of various designs.
The offer for co-operation was accepted: The Dutch exchange ENDEX European Energy Derivatives Exchange N.V. has been cooperating with EEX in the clearing sector since 2006. Today, the clearing house ECC provides clearing and settlement for all products traded on ENDEX.
In the field of power trading EEX cooperates with the French Powernext SA. EEX holds 50% of the shares in the joint venture EPEX Spot SE based in Paris which operates short-term trading in power – the so-called Spot Market – for Germany, France, Austria and Switzerland. German and French power derivatives trading is concentrated within EEX Power Derivatives GmbH, a majority-owned EEX subsidiary with headquarters in Leipzig. Clearing and settlement for all spot and derivatives transactions on power are provided by ECC, which has already been settling the natural gas transactions traded on Powernext since November 2008.
Furthermore, EEX holds an interest in store-x GmbH (Storage Capacity Exchange), an internet platform for secondary trading in storage capacities for natural gas, and in trac-x GmbH (Transport Capacity Exchange GmbH), an internet platform for natural gas transport capacities. In addition, EEX holds 20 percent in EMCC GmbH (European Market Coupling Company), a company which executes the congestion management at the German-Danish border.
