Federal Chancellor Angela Merkel visits EEX
In addition to a visit to the Market Supervision of EEX, the programme included an expert meeting with the management of the exchange. At the Market Supervision the Federal Chancellor was provided information on the pricing mechanism on the exchange and she watched the current developments for power, natural gas and emission rights (www.eex.com) and electronic trading live on screen. Moreover, data regarding power generation in Germany which is important for trading in power was displayed via the website of the EEX transparency platform (www.transparency.eex.com).
The Federal Chancellor also talked to Jean-François Conil-Lacoste, Chief Executive Officer of the Franco-German subsidiary EPEX Spot SE, in Paris via a permanent videoconference with the EPEX Market Supervision. EPEX Spot operates the Power Spot Markets for Germany, France, Austria and Switzerland.
"We are extremely pleased that Federal Chancellor Angela Merkel has chosen the EEX as a stop during her tour focusing on energy", Hans-Bernd Menzel, Chief Executive Officer of EEX commented. "To us the visit by the Federal Chancellor is both confirmation and recognition as an exchange under public law and an independent institution which has the task of transparently and safely matching supply and demand in the energy markets."
About European Energy Exchange AG
European Energy Exchange AG (EEX) is the leading energy exchange in Europe and operates market platforms for trading in power, natural gas, CO2 emission rights and coal. To this end, EEX relies on an open business model which generates flexibility and market coverage and, thus, higher liquidity through targeted spinoffs and partnerships.
Through this systematic expansion of cooperations, EEX makes a decisive contribution to the integration of the European energy markets. EEX Group also includes European Commodity Clearing AG (ECC), the central clearing house for energy and related products in Europe.