PEGAS, the natural gas platform commonly established by the European Energy Exchange (EEX) and Powernext, announces the successful launch of new Spot and Futures contracts on the Belgian Zeebrugge Trading Point on Wednesday 9 July. On the same day, 24/7 trading was enabled on both the French PEG and Belgian ZTP/ZTPL Spot Markets.
14 members were on hand and ready to trade on ZTP Spot and Futures as well as ZTPL Spot products. The first transaction was completed at 8:52 a.m. CET on ZTP Spot DA at 16.00 €/MWh. Activity was also observed on ZTPL Spot, with first transaction on DA product being completed at 10:14 a.m. CET at 15.90 €/MWh.
With the launch on PEGAS, ZTP Futures are listed on a regulated organised market for the first time. The Front Month contract, August 2014 was traded for the first time at 9:56 a.m. CET, for a price of 16.05 €/MWh and a volume of 10 MW between Lampiris France SAS and Direct Energie SA. The contract settled at 15.60 €/MWh at the end of the trading session. A monthly index based on this contract will diligently follow if liquidity proves sustainable.
Rudy Van Beurden, Fluxys Belgium’s Communication Manager, stated: “Traded quantities at ZTP have steadily stepped up since its launch and the attractiveness of the gas trading place has increased accordingly. We are very pleased to see the ZTP products on the PEGAS platform take such a successful start and it confirms the prospect that PEGAS products and members will provide an additional boost to ZTP’s liquidity.”
Richard Katz, Powernext’s Sales and Communication Director, adds: “We are very satisfied with the successful implementation of Belgian products, as it represents an important step in the development of PEGAS European-wide coverage”.
Spot and Futures contracts on Zeebrugge Beach (ZEE) and National Balancing Point (NBP) will be introduced later in 2014 on PEGAS, including the “basis spread” product (ZEE / NBP).
For its first day of operating a 24/7 Spot market, Powernext registered its first off-hour transactions.
FTSE Mondo Visione Exchanges Index:
PEGAS: Successful Launch Of ZTP/ZTPL Contracts And 24/7 Trading - First Trades Registered On ZTP Market opening And In Off-Hours On Spot PEGs
Date 10/07/2014