Leipzig, Paris, 28 August 2013
As from today, the natural gas products listed on the Spot Market of the European Energy Exchange (EEX) are tradable on PEGAS, the joint platform of EEX and Powernext.
At 2 pm CET today, a volume of 196,259 MWh was traded on EEX natural gas Spot Market on PEGAS, including 162,811 MWh on the German market areas GASPOOL and NCG, and 33,448 MWh on the Dutch market area TTF. In total, 35 members participated in trading on these newly available products, including Delta Energy B.V., E.ON Global Commodities SE, ENERGIEUNION GmbH and Mark-E Aktiengesellschaft.
As a result, the whole EEX and Powernext natural gas offering is now tradable on PEGAS. It includes Spot and Derivatives products on the market areas GASPOOL, NCG, PEG Nord, and TTF as well as Spot products on the market areas PEG Sud and PEG TIGF. Furthermore, location spreads are also available between these market areas.
Since the start of the cooperation on 29 May 2013, all Powernext products have been available for trading on PEGAS. The EEX natural gas Derivatives products were migrated on 4 June (GASPOOL) and 27 June (NCG), respectively. Since 29 May, a total volume of 47,508,671 MWh has been traded on the Spot and Derivatives Markets of EEX and Powernext. This corresponds to an increase of 47 % compared to the same period of the previous year (32,328,102 MWh).
On 1 October 2013, the product offering on PEGAS will be extended with quality specific natural gas products for the German market areas GASPOOL and NCG, subject to the approval of the EEX Exchange Council.
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. 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.