EEX confirms clearing services roadmap for Japanese Power Derivatives

EEX confirms clearing services roadmap for Japanese Power Derivatives

The European Energy Exchange (EEX) will extend its global power product suite by offering Trade Registration services for the Japanese Power Derivatives market. The Go-Live date (18th May 2020), was announced in Tokyo today as part of the EEX Group Japan Power Conference which was attended by more than 200 industry stakeholders from Japan and around the globe.

The new product offering, which is subject to standard European regulatory approval, will be the first Asian market area on the EEX Power Derivatives platform and the first EEX Group product specifically built for the Asian market. The EEX Japan Power launch follows a two year period of consultation with all parts of the value chain including Japanese and European regulators, Japanese market participants and international stakeholders.

Steffen Koehler, COO of EEX comments, “For the past two years, we have been working in close partnership with all key market players, both in Japan and internationally, in order to build the right product which answers the needs of the domestic Japanese power market and our global power  customer base. I would like to extend my sincere thanks to everyone involved for their constructive ideas and particularly the guidance we have received from Japanese market participants, which has certainly helped shape our offering”.

Koehler continues: “With the launch of our Trade Registration services for Japanese Power derivatives, we are taking the first step into a dynamic and exciting market. EEX has a long and successful track record in power. Moving forward, we want to support the further development of the Japanese Power market by sharing our experience and continuing to work hand in hand with the industry, both in Japan and internationally, to build and shape a market which is not only successful but better supports market participants in managing their risk”.

EEX is a member of EEX Group which has a proven track record in power trading, recording the largest power trading volume worldwide in 2017, 2018 and 2019 respectively. The new clearing offering for Japanese Power Derivatives will bring together the wholesale electricity community in Japan, including domestic ultilities and retail suppliers, with EEX’s expansive network of international trading participants, market access providers, brokers and clearing banks.

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, Natural Gas and Emission Allowances as well as Freight and Agricultural Products. EEX also provides registry services for White Certificates, Capacity Certificates and Guarantees of Origin on behalf of the French State, as well as Auctions for Guarantees of Origin.

EEX Group provides market platforms for energy and commodity products across the globe and provides access to a network of more than 600 trading participants. The group offers contracts for energy, environmental products, freight, metal and agriculturals listed at the European Energy Exchange (EEX), EEX Asia, EPEX SPOT and Nodal Exchange. Clearing and settlement of the transactions are provided by the European Commodity Clearing (ECC) and by Nodal Clear in the United States. EEX Group is a member of Deutsche Börse Group. More information: www.eex-group.com