European Energy Exchange
| European Energy Exchange AG | |
| Type | Physical commodity and derivates exchange (energy) |
|---|---|
| Location | Leipzig, Germany |
| Founded | 2002 |
| Key people | Peter Reitz (Chief Executive Officer), Steffen Köhler (Chief Operating Officer), Dr. Dr. Tobias Paulun (Chief Strategy Officer), Dr. Thomas Siegl (Chief Risk Officer), Iris Weidinger (Chief Financial Officer), Jean-François Conil-Lacoste (Executive Director Power Spot Markets), Dr. Egbert Laege (Executive Director Gas Markets) |
| Currency | EUR |
| Commodities | Electric power, Natural gas, CO2 Emission Allowances, Coal, Guarantees of Origin |
| Website | www.eex.com |
European Energy Exchange AG, Germany's energy exchange, is the leading energy exchange in Central Europe. It develops, operates and connects secure, liquid and transparent markets for energy and related products. On the EEX spot and derivatives markets, power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded.
The European Energy Exchange is located in Leipzig. The current EEX emerged as a result of a merger between LPX Leipzig Power Exchange and the Frankfurt-based EEX in 2002. Deutsche Börse Group’s derivatives business unit Eurex acquired the majority share in the EEX in March 2011. Eurex Zürich AG controls 62.91% voting share and 75.05% stock share.
EEX operates market platforms for trading in electric energy, natural gas, CO2 emission allowances and coal. EEX holds 50% of the European Power Exchange EPEX SPOT located in Paris which operates short-term trading in power for Germany, Austria, France and Switzerland. EEX's subsidiary EEX Power Derivatives GmbH offers a platform for German and French power derivatives trading.
EEX currently holds shares in the following companies:
EEX announced that it reached agreement to acquire US-based Nodal Exchange.
In 2013, the trading of electricity on the EEX Power Derivatives Market amounted to 1,263.9 TWh (terawatt hours) compared with 931.4 TWh in 2012. In the year 2013, a total of 346 TWh was traded on the Power Spot Markets of EPEX SPOT (2012: 339 TWh). In the field of natural gas the volume traded on the EEX amounted to 110 TWh, an increase of 46 percent compared with the previous year (2012: 75.5 TWh). The volume in trading in emission allowances amounted to 850.3 million tonnes in 2013 in total (previous year: 254.6 million tonnes.
The spot market for electricity is operated by EPEX SPOT, a joint venture owned by German EEX AG and the French Powernext SA. On each day of the year, EPEX SPOT operates day ahead auctions for three market areas: Germany/Austria, France and Switzerland. The physical delivery of power takes place on the next day. EPEX SPOT provides also an intraday market for Germany and France. This market can be used to satisfy short-term needs of electricity or to sell short-term over capacities. Participants in the market can buy up to 45 minutes before every hour electricity for the specific hour. This market operates 24/7 without exceptions. The electricity for the next day can be traded from 15:00 onwards.
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