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EEX finalises choice of new green power contracts
December 11, 2012 / 11:11 AM / 5 years ago

EEX finalises choice of new green power contracts

* EEX council accepts three new contracts
    * They entail north, Alpine European wind and hydroelectric
power
    * Romanian OTC power future clearing to start on Dec. 17

    FRANKFURT, Dec 11 (Reuters) - The European Energy Exchange
(EEX) said on Tuesday it is set on introducing three new futures
contracts to allow investors to trade wind and hydroelectric
power in Europe.
    Its supervisory council agreed specifications for tradeable
origin certificates of green power in the northern and central
European regions, the bourse said in a note issued after a
meeting of the council.
    German-based EEX said in September it is looking at ways to
capture opportunities in the fast-growing green energy sector
and has been consulting with trading members about the best
approach.  
    The new certificates will offer trading of hydro power from
Scandinavia (Denmark, Finland, Norway, Sweden) and the Alpine
region (Germany, Austria, Switzerland) as well as wind power
from northern Europe (Belgium, Denmark, Germany and the
Netherlands).
    They will be tradeable up to three years in advance with two
expiries per year, one in mid-March, the other in mid-December.
    "With the introduction of these Guarantees of Origin, EEX,
in close collaboration with EPEX SPOT (its Paris-based partner
bourse), will assume a pioneering role in the development of
this new European market," the statement said.
    The EEX, which is majority-owned by German/Swiss Eurex
, is targeting more diversification outside its
flagship power contracts and more partnerships in Europe.
    Another such move involves Romanian power futures becoming
available from Dec. 17 for over-the-counter clearing via the
clearing arm of the EEX, the European Commodity Clearing AG
(ECC), the statement also said.

 (Reporting by Vera Eckert; editing by Keiron Henderson)

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