EEX to launch Irish power futures, extend some seasonal expiries

European Energy Exchange AG

10/10/2024 10:36

FRANKFURT, Oct 10 (Reuters) - The European Energy
Exchange (EEX) is to launch a set of Irish baseload power
futures and extend expiries for a series of products for the
Dutch, French and Japanese power derivatives markets, all from
Nov. 25, it said on Thursday.
    EEX, Europe's biggest electricity and gas exchange, is
seeking to refine trading options to widen its global reach,
which, outside its core European contracts, stretches as far as
Japan and the United States.
    The Irish futures would increase the total of it core
across-Europe derivatives to 23 markets, it said in a statement.
    "We believe that the new long-term maturities for selected
European markets will bring further support for renewables
integration and, on the larger scale, the energy transition,"
Chief Operating Officer Steffen Koehler said.
    The French and Dutch power curve contracts will be extended
to 10 from six calendar years to help market participants hedge
longer term power purchase agreements (PPA) for power from wind
and solar sources on the bourse.
    The new Japanese season expiries will be extended to eight
seasons from four.

 (Reporting by Vera Eckert, editing by Barbara Lewis)
 ((vera.eckert@thomsonreuters.com; +49 30 2201 33654;
@EckertVera;))