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Global Power Derivatives Newsletter | June 2023 |  |
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Dear Customers, Partners and Friends,
Welcome to the latest edition of our Global Power Derivatives newsletter, dedicated to the Nordic power markets.
As you may be aware, EEX and Nasdaq have announced that EEX is to take over Nasdaq’s European power trading and clearing business. While this business covers several countries and products, core operations focus on the Nordic power market, a market area with a unique structure of System Price Futures and Electricity Price Area Differential (EPAD) contracts.
As always, for EEX, local needs are of utmost priority when deciding which direction to take for new products and services. In recent years, we have kept a close eye on the Nordic market and regularly interacted with market players to understand their requirements. Building on such feedback and our expertise from other markets, we are excited to announce that we will launch our new zonal futures for all 12 Nordic bidding zones, with a target go-live of Q4 2023.
Zonal futures are a proven and successful market model in other European markets, and we believe that it will also serve the market players in the Nordic region well.
In today’s newsletter, we have summarised what you can expect from this new series of products, and I also encourage you to visit our dedicated website, or contact your key account manager.
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| Until next time,
Steffen Köhler
COO | EEX
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| | Our Nordic zonal futures | |
EEX will introduce a series of base load futures and locations spreads across all Danish, Finnish, Norwegian and Swedish bidding zones in Q4 2023.
Zonal futures have the following benefits:
1. Efficient management of risk and collateral: Trading a single zonal future is the economic equivalent of trading the System Price and EPAD combined. Market players will no longer have to enter two transactions to hedge their exposure to local power prices.
2. Wider pool of market participants: Location Spreads will be offered for Nordic bidding zones interconnected with continental markets, and inter-zonal. EEX’s network of pan-European traders can access the market and execute geographic trading strategies.
3. Improved price transparency: Daily settlement prices will be published for individual Nordic bidding zones.
Please see below the planned list of these new products:
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| | Meet us | |
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To learn more, meet us at the below events or contact us directly at sales@eex.com
Nordic Energy Day, Montel | 24 August, Oslo
EEX Nordic Energy Trader Party | 14 September, Copenhagen
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FOR ALL VIDEO CONTENT - MAKE SURE TO CHECK OUT EEX TV
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© 2023 European Energy Exchange AG http://www.eex-group.com
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