Trading on EPEX SPOT is governed by a specific documentation composed of the Market Rules, the Code of Conduct and the Operational Rules.
The Market Rules, the Code of Conduct and the Operational Rules of the European Power Spot exchange are of contractual nature. They form a contract between the exchange member and EPEX SPOT SE. They become applicable to the exchange member once the Exchange Member has signed the Trading Agreement.
The Market Rules govern the main decisions with respect to the exchange organisation and operation. The Operational Rules contain more detailed provisions regarding trading systems and trading organisation (price limits, order quantity, block types, etc.). The Code of Conduct contains behaviour rules to be followed by Exchange Members in order to ensure fair and transparent market conditions.
The products that can be traded on EPEX SPOT are standard contracts for the physical delivery of electricity within the Austrian, French, German or the Swiss transmission systems. The products are characterised by two different trading processes: auction and continuous trading.