Power Futures
Power Futures
Exchange Trading and Trade Registration of EEX Power Futures
Power Derivatives Markets
- Standard (month, quarter, year) as well as short-term maturities (day, weekend, week futures) available for trading
- Exchange Trading and Trade Registration available from 8 am to 6 pm CET
- Close customer support through our Market Operations team
Power Futures Product Overview
EEX Austrian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration 8:00 am to 6:00 pm (CET) | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 9 months, 11 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement/ Physical fulfilment |
EEX Belgian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement / Physical fulfilment |
EEX-PXE Bulgarian Power Futures
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | 0.01 €/MWh
| Cash settlement |
EEX-PXE Croatian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX-PXE Czech Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | 0.01 €/MWh
| Cash settlement |
EEX Danish Power Futures
EEX Danish DK1 Power Future - Århus
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Danish DK2 Power Future - Copenhagen
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Dutch Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 7 quarters and 10 years. | 1 MW | € 0.01 per MWh | Cash settlement / Physical fulfillment |
EEX Finnish Power Future - Helsinki
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX French Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 9 months, 11 quarters and 10 years.
| 1 MW | € 0.01 per MWh | Cash settlement / Physical fulfillment |
EEX GB Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading
Trade Registration | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 3 months, 4 quarters, 4 seasons and 2 years. | 1 MW | GBP 0.01 per MWh | Cash settlement/ Physical fulfilment |
EEX German Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration 8:00 am to 6:00 pm (CET) | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 24 months, 11 quarters and 10 years. | 1 MW | € 0.01 per MWh | Cash settlement/ Physical fulfilment |
EEX Greek Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX-PXE Hungarian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | 0.01 €/MWh
| Cash settlement |
EEX Irish Power Futures
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Italian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 11 quarters and 10 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Japanese Power Futures
EEX Japanese Power Tokyo Area Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading 4:00 pm to 6:00 pm (JST) | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 9 months, 7 quarters, 8 seasons* and 6 fiscal years**. | 1 MW | 0.01 ¥/kWh
| Cash settlement |
*A Season comprises either October through March (Winter Season) or the respective months April through September (Summer Season). Extended Seasons maturities available from 25 November 2024.
**A Fiscal Year corresponds to the Japanese fiscal year (time from 1 April to 31 March of the following year).
EEX Japanese Power Kansai Area Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading 4:00 pm to 6:00 pm (JST) | The respective current and the next 4 weeks, the current and the next 9 months, 7 quarters, 8 seasons* and 6 fiscal years**.
| 1 MW | 0.01 ¥/kWh
| Cash settlement |
*A Season comprises either October through March (Winter Season) or the respective months April through September (Summer Season). Extended Seasons maturities available from 25 November 2024.
**A Fiscal Year corresponds to the Japanese fiscal year (time from 1 April to 31 March of the following year).
EEX Japanese Power Chubu Area Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading 4:00 pm to 6:00 pm (JST) Trade Registration 9:00 am to 6:00 pm (JST) | The respective current and the next 9 months, 7 quarters, 8 seasons* and 6 fiscal years**. | 1 MW | 0.01 ¥/kWh | Cash settlement |
*A Season comprises either October through March (Winter Season) or the respective months April through September (Summer Season). Extended Seasons maturities available from 25 November 2024.
**A Fiscal Year corresponds to the Japanese fiscal year (time from 1 April to 31 March of the following year).
EEX Nordic Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | Current and next four weeks, current and next six month, eleven quarters and ten years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Norwegian Power Futures
EEX Norwegian NO1 Power Future - Oslo
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Norwegian NO2 Power Future - Kristiansand
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Norwegian NO3 Power Future - Trondheim
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years.
| 1 MW | € 0.01 per MWh | Cash settlement |
EEX Norwegian NO4 Power Future - Tromsø
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years.
| 1 MW | € 0.01 per MWh
| Cash settlement |
EEX Norwegian NO5 Power Future - Bergen
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX-PXE Polish Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | 0.01 €/MWh
| Cash settlement |
EEX-PXE Romanian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | 0.01 €/MWh
| Cash settlement |
EEX-PXE Serbian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | 0.01 €/MWh
| Cash settlement |
EEX-PXE Slovakian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | 0.01 €/MWh
| Cash settlement |
EEX-PXE Slovenian Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| Exchange trading Trade Registration | The respective current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | 0.01 €/MWh
| Cash settlement |
EEX Spanish Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 11 quarters and 10 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Swedish Power Futures
EEX Swedish SE1 Power Future - Luleå
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Swedish SE2 Power Future - Sundsvall
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Swedish SE3 Power Future - Stockholm
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Swedish SE4 Power Future - Malmö
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement |
EEX Swiss Power Future
| Trading hours | Tradable Maturities | Delivery rate | Tick size | Fulfilment |
| 8:00 am to 6:00 pm (CET) | The respective next 11 days and the next 2 weekends, the current and the next 4 weeks, the current and the next 6 months, 7 quarters and 6 years. | 1 MW | € 0.01 per MWh | Cash settlement/ Physical fulfilment |
Power Future Spreads
Location spread trading
Location spread trading enables efficiently trade of the price differences between selected delivery areas with guaranteed execution. Spread trading will result in two positions in the underlying legs.
The Location-Spreads are available for the following combinations:
Power Futures Spreads product overview
EEX Austrian Power Future
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
EEX Belgian Power Future
| EEX Belgian Power Future against EEX French Power Future | Base
| Month, Quarter, Year
| ||
| EEX Dutch Power Future against EEX Belgian Power Future | Base, Peak
| Month, Quarter, Year |
EEX Dutch Power Future
| EEX Dutch Power Future against | Base
| Month, Quarter, Year
|
| EEX Dutch Power Future against | Base, Peak
| (Week), Month, Quarter, Year
|
| EEX Dutch Power Future against | Base, Peak
| Month, Quarter, Year
|
EEX French Power Future
| EEX Belgian Power Future against | Base
| Month, Quarter, Year
|
| EEX Dutch Power Future against | Base, Peak
| (Week), Month, Quarter, Year
|
| EEX Italian Power Future against | Base, Peak
| Week, Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX Spanish Power Future against | Base
| Week, Month, Quarter, Year
|
| EEX Swiss Power Future against | Base
| Week, Month, Quarter, Year |
EEX German Power Future
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX German Power Future against | Base
| Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX German Power Future against | Base
| Week, Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX Dutch Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX Italian Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX Swiss Power Future against | Base
| Month, Quarter, Year |
EEX Greek Power Future
| EEX-PXE Hungarian Power Future against | Base
| Month, Quarter, Year
|
| EEX Italian Power Future against | Base
| Month, Quarter, Year |
EEX Italian Power Future
| EEX Italian Power Future against | Base, Peak
| Week, Month, Quarter, Year |
| EEX Italian Power Future against | Base
| Month, Quarter, Year |
| EEX Italian Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX Italian Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX Italian Power Future against | Base
| Week, Month, Quarter, Year |
| EEX Italian Power Future against | Base, Peak
| Week, Month, Quarter, Year
|
| EEX Italian Power Future against | Base
| Week, Month, Quarter, Year |
EEX Nordic Power Future
| EEX German Power Future against | Base | Month, Quarter, Year |
EEX-PXE Bulgarian Power Future
| EEX-PXE Hungarian Power Future against EEX-PXE Bulgarian Power Future | Base
| Week, Month, Quarter, Year |
EEX-PXE Czech Power Future
| EEX-PXE Czech Power Future against | Base, Peak
| Month, Quarter, Year |
| EEX-PXE Czech Power Future against | Base, Peak | Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year |
EEX-PXE Hungarian Power Future
| EEX-PXE Hungarian Power Future against | Base | Week, Month, Quarter, Year |
| EEX-PXE Hungarian Power Future against | Base | Month, Quarter, Year |
| EEX-PXE Hungarian Power Future against | Base, Peak | Month, Quarter, Year |
| EEX-PXE Hungarian Power Future against | Base | Week, Month, Quarter, Year |
| EEX-PXE Hungarian Power Future against | Base, Peak | Week, Month, Quarter, Year |
EEX-PXE Polish Power Future
| EEX-PXE Czech Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX-PXE Slovakian Power Future against | Base, Peak
| Month, Quarter, Year |
EEX-PXE Romanian Power Future
| EEX-PXE Hungarian Power Future against | Base, Peak
| Month, Quarter, Year |
EEX-PXE Serbian Power Future
| EEX-PXE Hungarian Power Future against | Base
| Week, Month, Quarter, Year
|
| EEX Italian Power Future against | Base
| Week, Month, Quarter, Year
|
| EEX German Power Future against | Base
| Week, Month, Quarter, Year |
EEX-PXE Slovakian Power Future
| EEX-PXE Slovakian Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX-PXE Slovakian Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX German Power Future against | Base, Peak
| Month, Quarter, Year
|
| EEX-PXE Czech Power Future against | Base, Peak
| Month, Quarter, Year |
EEX-PXE Slovenian Power Future
| EEX-PXE Hungarian Power Future against | Base, Peak
| Week, Month, Quarter, Year
|
| EEX Italian Power Future against | Base, Peak
| Week, Month, Quarter, Year |
EEX Spanish Power Future
| EEX Spanish Power Future against | Base
| Week, Month, Quarter, Year |
EEX Swiss Power Future
| EEX Swiss Power Future against | Base | Week, Month, Quarter, Year |
| EEX Swiss Power Future against | Base | Month, Quarter, Year |
| EEX Italian Power Future against | Base | Week, Month, Quarter, Year |
The number of tradable contracts results from the underlying legs.
Cascading
EEX Power Futures are underpinned by the cascading methodology of delivery, which is managed by EEX’s clearing house, ECC.
A detailed overview of the cascading process can be found in the ECC Cascading Explainer.
| Publishing date | Title | File |
|---|---|---|
| 2025-10-06 | ECC Cascading Explainer | pdf (341 KB) |
Future-to-Spot Service
EEX, in cooperation with EPEX SPOT, offers a Future-to-Spot Service (FTS-Service) to enter bids in the corresponding EPEX SPOT day-ahead auction according to the participants' respective position in an EEX power futures product. This service is available for trading participants simultaneously admitted to participate in the EEX power futures market and the EPEX SPOT power spot market.
The service is offered for the following EEX power futures products:
- EEX German Power Future / week and month contracts
- EEX Austrian Power Future / month contracts
- EEX French Power Future / week and month contracts
- EEX Dutch Power Future / week and month contracts
- EEX Swiss Power Future / week and month contracts
- EEX Belgian Power Future / month contracts
- EEX GB Power Future / week and month contracts
- EEX-PXE Polish Power Future / month contracts
- EEX Danish DK1, DK2 Power Future / week and month contracts
- EEX Finish Power Future / month contracts
- EEX Norwegian NO1, NO2 Power Futures / week and month contracts
- EEX Norwegian NO3, NO4, NO5 Power Futures / month contracts
- EEX Swedish SE1 Power Futures / month contracts
- EEX Swedish SE1, SE2, SE3 Power Futures / week and month contracts
- EEX Hungarian Power Future / week and month contracts
In order to use the Future-to-Spot Service, a separate FTS-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.
In order to use the Future-to-Spot Service, a separate FTS-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.
Initiation of Future-to-Spot Service
| Automatically via EEX Initiation Service | Manual via trading participants1 |
|---|---|
|
|
| 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. | |
1Not available for EEX Danish, Finnish, Swedish and Norwegian Power Futures. Please use the EEX Initiation Service.