Following the recent launch of new power products for Central and South-Eastern Europe (CSEE), the European Energy Exchange (EEX) has successfully registered tradesin all three markets. In total, 367,248MWhweretraded in the new products for Bulgaria, Serbia and Sloveniain the first three weeksthereby extendingthe EEXoffering in power derivatives to 20 European markets.
“With thesenew products, we offer our market participants additional trading opportunities and hedging tools for the rapidly developing CSEE markets“, commentsSteffen Köhler, Chief Operating Officer ofEEX. “The promising trading volumes in the first days after thelaunch demonstratethatwith the new products,wearefulfilling our customers‘ demand for instruments for cross-border trading.“
The first dealsin the new products werebrokered by Tradition, the global interdealer broker. Jason Curtis, Manager CEE, SEE,Power at Tradition, comments: “There is a huge appetite for cleared financial power trading in this region. We are glad that, through the new EEX products, we can enable our customers to access trading for this region.
EEX launched the new power futures for the CSEE region on 3rdJune 2019. They are based on day-ahead indices calculated by the local spot exchanges BSP Southpool (Slovenia), IBEX (Bulgaria) und SEEPEX (Serbia). In addition to products for Bulgaria, Serbia and Slovenia, EEX’s power derivatives offering for Eastern European power comprises the markets for Poland, Romania,the Czech Republic,Slovakia and Hungary. These products are listed at EEX since 2017, when Prague-based Power Exchange Central Europe (PXE) and EEX entered into a cooperation to combine their offering in the CSEE region.Since then, EEX trading volumesfor these marketshave increased more than 3-fold.
Trading participants in EEX power derivatives markets benefit from access to 20 European markets with only one admission. This also includes the liquid Phelix-DE Futurewhich is the benchmark contract for European power trading.
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 contractson Power and Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.
Contact:
EEX Public Relations
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