Leipzig, Paris, 03 February 2015
PEGAS, the pan-European gas trading platform operated by Powernext, will launch Spot and Futures products for the UK’s National Balancing Point (NBP) as well as for the Belgian Zeebrugge Beach (ZEE) market area on 26 March. Financially settled Futures contracts (ICIS Heren) for the Italian Punto di Scambio Virtuale (PSV) will be launched at the same time.
Jean-François Conil-Lacoste , Chief Executive Officer of Powernext, mentions: “The aim of PEGAS is to offer natural gas products for all major European hubs. This is what we will further pursue with our new offering.”
Dr. Egbert Laege , Executive Director Gas Markets of EEX Group, adds: “Our members will benefit from access to all hubs via the PEGAS platform. The upcoming products and the corresponding location spreads open up completely new trading opportunities.”
The launch of products for the ZEE market area follows the successful start of Belgium’s ZTP delivery zone in 2014. On the Spot market, the offering for NBP and ZEE will include Within-Day and Day (Day-Ahead, Weekend, Saturday, Sunday and Individual Day) contracts. On the Derivatives Market, Month, Quarter, Season and Calendar Year products will be tradable. Moreover, PEGAS market participants will have the possibility to trade cleared location spread contracts between ZEE and NBP for the first time. Location spreads between the existing physical products on the Dutch TTF market area and the upcoming financially settled Futures contracts on the PSV will also be offered.
PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Belgian, Dutch, French and German market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location spread products between these market areas. This setup enables market harmonisation and forms the leading pan-European natural gas market.
About EEX Group :
EEX Group provides the central market platform for energy, energy related and commodity products and enables access to a network of over 350 trading participants. The offering of the group comprises contracts for Energy, Environmentals, Freight, Metals and Agriculturals listed at the European Energy Exchange, EPEX SPOT, Powernext, Cleartrade and Gaspoint Nordic. Clearing and settlement of transactions concluded or registered on the exchanges is provided by the central clearing house European Commodity Clearing. EEX is part of Deutsche Börse Group.
Powernext is a regulated market operating under AMF supervision. Powernext manages the natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and operates the National Registry for electricity guarantees of origin in France. Powernext owns 50% in EPEX SPOT, 20% in EEX Power Derivatives and 1.5% in ECC.