EPEX Spot SE’s website online
The web site of the newly established EPEX Spot SE has been online since 1st January 2009. Market data (prices and volumes) for Spot Market auctions (market areas: Germany/Austria, France, Switzerland), Continuous Day Ahead trading for France and Intraday Trading (market areas: Germany, France) are centralised on www.epexspot.com . In addition, the website provides information on the product specifications as well as the rules and regulations of the exchange and the preconditions for admis-sion as a trader. The range of information offered is rounded off with customer newsletters and press releases.
The website of EPEX Spot SE will be developed and expanded further in the near future. The upcoming version will include historical data as well as the aggregated curve data. Currently, this information is still available on the web pages of European Energy Exchange AG (EEX) at www.eex.com and of Powernext SA at www.powernext.fr.
EPEX Spot SE was established in September 2008 in the framework of the co-operation between EEX and Powernext. EPEX Spot SE is a public company under European law (Societas Europaea) with registered offices in Paris. EEX and Powernext each hold 50 percent in the joint company to which they have transferred their entire power spot trading activities. The product range of EPEX Spot SE comprises spot trading in power for Germany, France, Austria and Switzerland.
EEX operates Spot and Derivatives Markets for energy products and energy-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 financially 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.
Powernext SA, incorporated in 2001, manages several complementary, transparent and anonymous energy markets: Powernext® Gas Spot and Powernext® Gas Futures were recently launched: the members participate to the setup of reliable price references allowing the market participants to cover their volume and price risks from Within-Day to the next three gas seasons ; Powernext® Balancing GRTgaz allows the Transmission System Opera-tor GRTgaz to progressively cover its daily balancing needs through a market based mechanism. Powernext® Futures provides electricity price risk hedging for a period ranging between one month and three years; during the second quarter 2009, Powernext will contribute the French power futures to a new GmbH [German limited liability company] in Leipzig and, will own 20 percent of the shares in the company. Powernext® Carbon, the leading spot EUA market, was sold to NYSE Euronext in December 2007.