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Phelix-DE contract brings confidence back to German Power Market
Phelix-DE contract fast becoming the new benchmark product for German Power with 49 TWh traded since launch
In the first half of August 2017, more than 40% of the volumes in the EEX German Power Cal19 Base have been either traded or cleared in the new Phelix-DE contract. While in the same period, over 75% of the volumes in the EEX German Power Cal20 Base have switched to the new Phelix-DE contract also.
“It’s very encouraging to see market confidence returning to the German power market. Since launch we have seen a very positive development in the Phelix-DE Future; (May‘17: 8.1. TWh, Jun‘17: 12.2 TWh, Jul‘17: 15.0 TWh). This development will bring security back into the market”, comments Steffen Koehler, Chief Operating Officer of EEX.
He continues, “2016 was a record year for EEX, and while we have seen lower volumes in the first half of this year, which is in line with overall shrinking wholesale market volumes across all European markets, it’s important to remember that 2017 is still our second best year in terms of volumes for EEX’s Power Derivatives business and for EEX German power in particular”.
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