"And the winner is..."
We were delighted to hear that EEX Group was recognised for its Japan power launch at this years’ Asia Capital Market Awards. Organised by FOW Global Investor Group, the awards acknowledge the biggest achievements in the Asian commodities space. EEX Group was awarded with the “Exchange Innovation of the Year” award in recognition of its entry into the Japanese Power derivatives market.
As you can imagine, we were completely thrilled and incredibly honoured to receive such an important accolade and we would like to thank FOW Global Investor and of course all parts of the value chain for making our Japan launch so successful.
We’re also very happy to report that last month (October), our Japanese Power Derivatives offering recorded its highest traded volume since launching in May this year with a total traded volume of 111 GWh, thereby setting a new monthly record! In addition to an increase in trading volume from already active players, October also saw a major upswing in the number of new trading participants from both the domestic market in Japan and internationally around the world. To all our customers, old and new, thank you for your support as we continue to build and develop this exciting and dynamic market together with you.
PODCAST – The Outlook for PPAs in a post-COVID world
The team here at EEX were very proud when we received the news that our podcast series “Talking OTC Commodities” had made it into the Top 10 best business and commodities based podcasts on iTunes! Thank you to everyone who has already subscribed! In our latest episode, #eexpert Viviana Ciancibello, Uniper Energy’s Jay Rustulka and Sonnedix’s Jorge Arenillas discuss the outlook for PPAs and long-term hedging in a post-COVID world. Moderated by EEX’s Michael Mervyn-Jones, the panel examine the rise in PPAs and long-term hedging over the past 5 years, discuss the impact that COVID-19 has had and assess what the short and long-term outlook will be like post pandemic. To subscribe to “Talking OTC Commodities” just click on the link below. Happy Listening!
New Target Model for Greek Power Market launched
On 1st November this year, the new Target Model for Greece was launched. As a result, the new Intraday and Day-ahead markets are now active and being managed by the local Energy Exchange, Henex. In addition, a completely new Balancing Market was introduced which is managed by the high voltage TSO, IPTO. All parts of the value chain, as participants, producers, traders and authorities are confident these much-awaited changes will lead to more transparency, a higher level of competition as well as better alignment with the power prices of Europe once market coupling between Italy and Bulgaria comes into effect.
From the EEX perspective, we firmly believe that a more transparent, competitive and mature market, can only bring more liquidity to its players and consequently, increased trading volumes. These measures have already resulted in high volume growth during the first 10 months of 2020 which has already reached a record high of 2.5 TWh in Greek power derivatives in comparison to 0.7 TWh which traded overall in the entire year of 2019.
> for further information on Greek power contact Alex Papageorgiou
Brexit: EEX Group – providing certainty in uncertain times
Since the referendum took place in 2016, EEX Group has taken all necessary measures to prepare for Brexit and to ensure its clients will have frictionless access to its products and services whatever the outcome. In receiving ROIE status in February 2019, EEX is able to work with UK customers in addition to having UK members after Brexit, regardless of the eventual scenario. Our clearing house European Commodity Clearing (ECC) has been included by the Bank of England in the temporary recognition regime (TRR) for CCPs (valid from 1 January 2021 until 31 December 2023), as well as in the temporary designation regime (TDR) for system operators which will apply from the end of the transition period in the case that no trade treaty is agreed.
For certain products and markets, UK-based NCMs need to carefully evaluate their case in order to continue trading. EEX Group encourages its members to undertake the necessary actions to ensure business continuity.
Above all, EEX Group is committed to providing certainty in these uncertain times and ensures that its customers experience a transparent and thorough roadmap through the Brexit process, guaranteeing 100% compliance with EU rules applicable to trading and clearing (EMIR, MiFID, MiFIR, etc.).
> for further information on Brexit contact Stefan Kowanda