Physical Fulfillment

For Trading participants, simultaneously admitted to participate in the EEX power futures market and the EPEX SPOT power spot market, EEX, in cooperation with EPEX SPOT, offers a service to enter bids in the corresponding EPEX SPOT day-ahead auction according to their respective position in an EEX power futures product.

The service is offered for the following EEX power futures products:

  • Phelix-DE Power Future / Week and month contracts
  • Phelix-AT Power Future / Month contracts
  • Phelix-DE/AT Power Future / Week and month contracts
  • French Power Future  / Week and month contracts
  • Dutch Power Future / Month contracts
  • Swiss Power Future / Week and month contracts
  • Belgian Power Future / Month contracts

Access to the Physical Fulfillment Service

In order to use the Physical Fulfilment Service, a separate PHYFUL Portfolio is required for the respective market area, which can be applied for at EPEX SPOT. Fees can be found in the current price list of EPEX SPOT.

Trading participants, who would also like to use the additional EEX initiation service, can subscribe via this additional service order form.

Initiation of physical fulfillments

Automatically via EEX

Manual via trading participants

  • Creation and forwarding of bidding sheets for the respective EPEX day-ahead auction(s) based on existing future positions by the EEX (service order form required)
  • Registration of bidding sheets in the auction system by EPEX SPOT
  • Confirmation of registered bids in the auction system by the trading participant
  • Participation in the day-ahead auction(s) of the respective market area(s) 
  • Creation and forwarding of the required bidding sheets for the respective day-ahead auction(s) based on existing future positions by the EEX  to EPEX SPOT by the trading participant
  • Registration of bidding sheets in the auction system by EPEX SPOT
  • Confirmation of registered bids in the auction system by the trading participant
  • Participation in the day-ahead auction(s) of the respective market area(s)

Following the successful auction, the nomination takes place according to the concluded spot transaction(s) based on the valid trading conditions of EPEX Spot and clearing conditions of ECC.