Press release BoxID: 639619 (European Energy Exchange AG)
  • European Energy Exchange AG
  • Augustusplatz 9
  • 04109 Leipzig
  • Contact person
  • Katrin Berken
  • +49 (341) 2156-202

Growing Interest in Trade Registration Service

First Trade Registered in Romanian Power Futures

(PresseBox) (Leipzig, ) Yesterday saw the first trade in Romanian Power Futures registered on the European Energy Exchange (EEX) for clearing via European Commodity Clearing (ECC). The 10 MW December 13 trade, priced at EUR 37.50 per MWh, was concluded between GEN-I d.o.o. and another trading participant having been matched by the broker TFS Derivatives Limited (TFS). The volume amounted to 7,440 MWh.

"TFS, EEX and ECC have been working closely with the Romanian market participants to offer a service that matches their needs", says Steffen Köhler, Chief Operating Officer of EEX. "We are glad that this service is now received by the traders."

Yesterday's trade registration followed the successful registration of the first Italian Power Futures which have been launched by EEX and ECC in October. The cleared volume in this product now stands at 36,595 MWh.

EEX and ECC additionally offer the registration of Swiss and Scandinavian power trades concluded bilaterally and plan to extend this service to further markets in the future. Market participants benefit primarily from the easing of credit lines and the potential saving effects in the margins to be deposited through cross margining.

European Commodity Clearing (ECC) is the central clearing house for energy and related products in Europe. In its capacity as the central counterparty ECC assumes clearing as well as physical and financial settlement of transactions concluded on CEGH Gas Exchange of the Vienna Stock Exchange, EEX, EPEX SPOT, HUPX and Powernext or registered for clearing on these exchanges.

European Energy Exchange AG

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. 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.