Yesterday, the first trade in UK Power Futures was registered for clearing on the European Energy Exchange (EEX) via European Commodity Clearing (ECC). The trade executed was for the Day Futures contract for delivery on the 25 November 2015 and was matched by a broker on behalf of Energi Danmark A/S and another trading participant. The volume comprised 1,200 MWh traded at a price of GBP 39.05 per MWh.
EEX has introduced cash-settled UK Power Futures on 16 November 2015. These futures contracts are settled against the APX Power UK Auction Price. EEX’s offering on the UK power market comprises of day, weekend, week, month, quarter, season and years contracts, thereby offering the full range of the curve. The day futures contract is the first of its kind to be offered in the UK market.
In addition to the new UK Power products, German, French, Italian, Spanish, Nordic, Dutch, Belgian and Swiss Futures are available for trading on the EEX Power Derivatives Market. Furthermore, EEX offers trade registration for those markets as well as for Romania and Greece.
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 commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT (incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC).