Peter Reitz, Chief Executive Officer of EEX comments, “Today is certainly a landmark day for EEX. This new product offering for Japan represents the first Asian market area on the EEX Power Derivatives platform and also the first EEX Group product specifically designed for the Asian market. However, in many respects, this is just the beginning. Through our 20 years experience in building successful power markets, we know it will take time to develop liquidity over the coming months and years”.
EEX’s entry into Japan hereby entends the exchange’s offering on its power derivatives platform to 21 market areas. As the No.1 exchange in power trading worldwide for the 3rd consecutive year, EEX has 20 years experience in establishing and developing new markets. This proven track record will enable the exchange to bring credibility, reliability and transparency to the Japanese power market.
Speaking on today’s launch, Steffen Koehler, Chief Operating Officer comments; “At the beginning of this project, almost two years ago, we made a commitment to the industry, to develop a cleared long term solution for the Japanese power market. I would like to thank all stakeholders across the entire value chain for their encouragement and support which has enabled us to get to this point”.
Koehler continues; “In particular, I would like to offer my sincere thanks to all parties involved in the first trade; Tohoku, ENGIE and enechain. Today’s first trade brings substance to our original message, that EEX would build a credible Japanese offering in partnership with the market, both domestically in Japan and internationaly around the world. The past two years have a been an incredible journey and I look forward to further developing this exciting and dynamic market, hand in hand with the industry”.
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.