EEX operates Spot and Derivatives Markets for energy and related products. With more than 200 trading participants from 19 countries it is the energy exchange in continental Europe which boasts the biggest number of trading participants and the highest turnover.
Natural gas and CO2 emission rights are traded both short-term on the Spot Market and together with power long-term on the Derivatives Market with a time horizon of up to six years into the future. Furthermore, EEX offers financial settled coal futures. Clearing of exchange and over-the-counter transactions (OTC clearing) is provided by European Commodity Clearing AG (ECC). ECC is the clearing house of EEX and a subsidiary of the exchange.
EEX’s website: http://www.eex.com
About PowernextPowernext SA, incorporated in 2001, manages several complementary, transparent and anonymous energy markets: Powernext Gas Spot and Powernext Gas Futures were launched on 26th November 2008 in order to hedge volume and price risks for natural gas in France from Within-Day to the next three gas seasons. Powernext Gas Spot also provides Balancing services to the transmission system operators GRTgaz (since 1st December 2009) and TIGF (as of 13th January 2012). On 1st July 2011, GRTgaz and Powernext launched the first gas market coupling initiative in Europe between GRTgaz’s PEGs Nord and Sud. An OTC Clearing service was launched in October 2010 to allow OTC trades (bilateral and through brokers) to be registered on the Exchange.
Powernext Energy Savings, a dedicated spot market for French White Certificates (Certificats d’Economies d’Energie) was launched on 10th January 2012.
Powernext is also the sales agent of Enermet-Trading, a new pan-European service providing high-quality and accurate weather and energy forecasts, for European energy trading companies. Enermet-trading is a partnership between Powernext, Metnext and MeteoFrance.
EPEX SPOT, based in Paris and owned equally by Powernext and by EEX, the German energy organized market, was launched on 1st January 2009 and facilitates, 365 days a year, the hourly balancing of physical power delivered the following day on the French, German/Austrian and Swiss hubs. In April 2009, Powernext contributed the French power derivatives to EEX Power Derivatives, a company dedicated to European power derivatives, based in Leipzig, against a 20 percent equity stake in this company.
Powernext’s website: http://www.powernext.com