EEX: NCG Futures to be migrated onto PEGAS on 27 June

(PresseBox) ( Leipzig/Paris, )
The European Energy Exchange (EEX) continues to migrate its natural gas products onto PEGAS, the EEX and Powernext common exchange platform.

From 27 June 2013 onwards, the EEX 10 MW Gas Futures products for physical delivery in the NetConnect Germany area (Months, Seasons, Quarters and Calendar Years) will be available for trading on the Trayport® Exchange Trading SystemSM. This will increase the range of tradeable spreads on PEGAS, allowing Market participants to trade locational spreads on Futures products between the market areas of GASPOOL, NCG, TTF and PEG Nord on integrated order books for each market area. Liquidity of the single products will then be combined and, for the first time, spreads cleared at European Commodity Clearing (ECC) will be tradable on an exchange without execution risk.

PEGAS was launched on 29 May 2013 with all existing Powernext gas products. On 4 June, EEX successfully migrated its Natural Gas Futures for the market area GASPOOL onto the platform. Following the migration of the NCG Gas Futures, EEX will also migrate the Spot Market products for the GASPOOL, NCG and TTF area onto PEGAS. EEX will announce the exact launch date in due time.

About PEGAS - Pan-European Gas Cooperation:

PEGAS is a cooperation between the European Energy Exchange (EEX) and Powernext. In the framework of this cooperation, both companies combine their natural gas market activities to create a pan-European gas offering. Members benefit from one common Trayport gas trading platform with access to all products offered on the exchanges: spot and derivatives products for the German, French and Dutch market areas. Furthermore, spread products between these market areas are tradable on the same trading platform. For more information: www.pegas-trading.com

About Powernext:

Powernext SA manages complementary, transparent and anonymous energy markets. Powernext Gas Spot and Powernext Gas Futures were launched on 26 November 2008 in order to hedge volume and price risks for natural gas in France and in the Netherlands. In 2011, GRTgaz and Powernext launched the first gas market coupling initiative in Europe between PEGs Nord and Sud. Powernext owns 50% in EPEX SPOT and 20% in EEX Power Derivatives. For more information: www.powernext.com
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