As from today, trading in natural gas futures for the market area NetConnect Germany (NCG) listed at the European Energy Exchange (EEX) is activated on PEGAS, the joint platform of EEX and Powernext.
At 4:00 PM CET today, a volume of 44,640 MWh was traded in the NCG futures market on PEGAS with a total of 6 companies participating in trading, including GDF Suez Trading SAS, Freepoint Commodities Europe LLP, Koch Supply and Trading Sarl and optimization engineers GmbH. Among the trades, the first NCG/TTF location spread transaction was traded today.
The Natural Gas Futures of EEX and Powernext comprising the market areas GASPOOL, NCG, PEG Nord, and TTF, are tradable on the Trayport® Exchange Trading SystemSM as well as the location spread combinations of these products.
Since the migration of EEX GASPOOL futures to PEGAS on 4 June 2013, a volume of 780,890 MWh has been traded which corresponds to a significant increase compared with the previous months.
As a next step, the products of the 24/7 EEX Spot Market for the GASPOOL, NCG and TTF market areas will be migrated to PEGAS on 9 July 2013 increasing the range of tradable spreads available for spot trading.
About PEGAS – Pan-European Gas Cooperation:
PEGAS is a cooperation between the European Energy Exchange (EEX) and Powernext. In the framework of this cooperation, both companies combine their natural gas market activities to create a pan-European gas offering. Members benefit from one common Trayport gas trading platform with access to all spot and derivatives market products offered by the two exchanges for the German, French and Dutch market areas. Furthermore, spread products between these market areas are tradable on the same trading platform.
The European Energy Exchange (EEX) is the leading European energy exchange. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances and coal are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.
Powernext SA manages complementary, transparent and anonymous energy markets. Powernext Gas Spot and Powernext Gas Futures were launched on 26 November 2008 in order to hedge volume and price risks for natural gas in France and in the Netherlands. In 2011, GRTgaz and Powernext launched the first gas market coupling initiative in Europe between PEGs Nord and Sud. Powernext owns 50% in EPEX SPOT and 20% in EEX Power Derivatives.