On Monday, the European Energy Exchange (EEX) launched the Trade Registration service of financially fulfilled Greek Power Futures. First trades were registered yesterday for delivery in January 2015, concluded between Ezpada s.r.o. and Gunvor International B.V., Geneva Branch, and matched by the broker ICAP. The volume comprised 744 megawatt hours each, traded at a price of EUR 59.00 per MWh and EUR 59.25 per MWh.
With the new service, EEX participants are able to trade financial month, quarter and year contracts for Greek Power which clear on the exchange. The entry into the Greek market is of particular interest for customers that are already trading Italian Power Futures on EEX, as both power markets are physically connected.
EEX offers exchange trading in power futures for Belgium, France, Germany/Austria, Italy and the Netherlands. Furthermore, power trading transactions for these markets as well as for Romania, Scandinavia, Spain and Switzerland and now Greece can be registered on EEX for clearing via European Commodity Clearing (ECC).
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. Through its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilisers. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.
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EEX Registers First Trades After Greek Power Futures Launch
Date 02/12/2014