Options - further trading opportunities for the power markets

    EEX offers European-styled options on financially settled Base Month, Base Quarter and Base Year Futures for exchange trading and trade registration. On 15th February 2020, EEX introduced new Futures Styled Margin Options which extend trading opportunities for customers at EEX. Futures Styled Margin Options are a more liquidity-preserving options product, as the up-front premium payment is broken down into daily margin payments - making it easier for portfolio and risk managers to evaluate their daily exposure. Customers now have the choice to use both instruments, Equity Styled Options and Futures Styled Options, in parallel, to see which products best suit their needs.

    Options Overview (available as equity style (option premium paid up front) and futures style (premium paid on expiry)):

    EEX German Power Options

    • EEX offers trading in options on the EEX German Power Base Future (Month, Quarter, Year).
    • In addition, EEX offers four expiry dates for options on EEX German Power Base Year Futures - the so-called Short Dated Options.
    • Regardless of the different maturities, the corresponding futures position of the underlying asset is booked upon the exercising of the option.

     

    At a glace

    Trading hours Maturities Delivery rate Tick size Fulfilment
    Exchange trading
    8:00 am to 6:00 pm (CET)

    Trade Registration
    8:00 am to 6:00 pm (CET)
    The respective next eight delivery months, six delivery quarters and the respective next 4 delivery years of the underlying. Up to four contracts with different expiry dates* (each at the end of a quarter in the preceding year) are available for every delivery year of the underlying. 1 MW € 0.001 per MWh Contractually fulfille
    *The following expiry dates are available per underlying:

    Expiry at the end of March: EEX-German-Power-Base-Year-Apr-Option
    Expiry at the end of June: EEX-German-Power-Base-Year-Jul-Option
    Expiry at the end of September: EEX-German-Power-Base-Year-Oct-Option
    Expiry at the end of December: EEX-German-Power-Base-Year-Jan-Option
    New maturities will be introduced for trading so that 12 expiry dates regarding the next 3 to 4 delivery years of the underlying can be traded at any time.

    EEX French Power Options

    • EEX offers trading in options on the EEX French Power Base Future (Month, Quarter, Year).
    • Regardless of the different maturities, the corresponding futures position of the underlying asset is booked upon exercising of the option.

     

    At a glace

    Trading hours Maturities Delivery rate Tick size Fulfilment
    Exchange trading
    8:00 am to 6:00 pm (CET)

    Trade Registration
    8:00 am to 6:00 pm (CET)
    The respective next five delivery months, two delivery quarters and the respective next two delivery years of the underlying. Up to four contracts with different expiry dates* (each at the end of a quarter in the preceding year) are available for every delivery year of the underlying. 1 MW € 0.001 per MWh Contractually fulfille

    EEX Italian Power Options

    • EEX offers trading in options on the EEX Italian Power Base Future (Month, Quarter, Year).
    • Regardless of the different maturities, the corresponding futures position of the underlying asset is booked upon exercising of the option.

     

    At a glace

    Trading hours Maturities Delivery rate Tick size Fulfilment
    Exchange trading
    8:00 am to 6:00 pm (CET)

    Trade Registration
    8:00 am to 6:00 pm (CET)
    The respective next five delivery months, two delivery quarters and the respective next two delivery years of the underlying. Up to four contracts with different expiry dates* (each at the end of a quarter in the preceding year) are available for every delivery year of the underlying. 1 MW € 0.001 per MWh Contractually fulfille

    EEX Spanish Power Options

    • EEX offers trading in options on the EEX Spanish Power Base Future (Month, Quarter, Year).
    • Regardless of the different maturities, the corresponding futures position of the underlying asset is booked upon exercising of the option.

     

    At a glace

    Trading hours Maturities Delivery rate Tick size Fulfilment
    Exchange trading
    8:00 am to 6:00 pm (CET)

    Trade Registration
    8:00 am to 6:00 pm (CET)
    The respective next five delivery months, two delivery quarters and the respective next two delivery years of the underlying. Up to four contracts with different expiry dates* (each at the end of a quarter in the preceding year) are available for every delivery year of the underlying. 1 MW € 0.001 per MWh Contractually fulfille

    Webinar

    To learn more about the new Futures Styled Options, check out the webinar on the left with Norbert Anhalt which examines the different option types on the EEX power market and explores how trading participants can use the options as a hedging instrument.

     

    Notice: To activate the video, please click on the picture.
    Please note that after activation your data will be forwarded to YouTube.

    Price List

    The EEX price list includes information about the following fees:

    • Transaction fees
    • Annual fees
    • Technical fees
    • Fees for further EEX services
    Download EEX price list

    Product Codes Download

    EEX Products (Shortcodes, WKN, ISIN, Vendor Codes, GoO) 

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    Market Data for Power Options

    To Market Data
    Power Options

    Admission to Trading and Clearing

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    information

    Connectivity Options at EEX

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