Paris, Leipzig 3 October 2013
Following the request of its members, PEGAS has launched on 1st October a Front Month contract on PEG Sud together with its related cleared geographical PEG Sud / PEG Nord spread supported by GDF Suez and Total Gas and Power as Market Makers.
The first PEG Sud November 2013 transaction was concluded at 10:15 for a volume of 720 MWh at 29.70 Euros/MWh. The first PEG Sud / PEG Nord November 2013 spread transaction was completed a few seconds later for a volume of 720 MWh at 1.90 €/MWh. Bid and Ask spreads, as tight as 0.05 €/MWh have been observed on the platform during the trading session. A total volume of 79 200 MWh was traded on this launch date on the PEG Sud Futures market segment, including 57 600 MWh for the PEG Sud / PEG Nord spread.
Jean-François Conil-Lacoste, CEO of Powernext, comments: “PEGAS is further extending its product offering with this new PEG Sud Front Month contract, responding to the needs of its members through the fast implementation of new products and features.”
The entire natural gas offering of EEX and Powernext is available for trading on the PEGAS platform launched in May 2013, including spot and derivatives products for the market areas GASPOOL, TTF, NCG, PEG Nord and PEG Sud as well as spot products for the PEG TIGF market area.
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, coal and guarantees of origin 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. Powernext manages the National Registry for electricity guarantees of origin in France since 1 May 2013. Powernext owns 50 % in EPEX SPOT and 20 % in EEX Power Derivatives.