EEX to waive transaction and clearing fees for Nordic power futures

European Energy Exchange AG

27/06/2024 13:26

LONDON, June 27 (Reuters) - The European Energy Exchange
(EEX)  T3PA.DE  and its clearing house European Commodity
Clearing will waive transaction and clearing fees for
participants trading its Nordic power futures products for six
months, it said on Thursday.
    The products include Nordic zonal power futures, as well as
Nordic system price power futures. The waiver will apply from
July 1 to Dec. 31 this year.
    EEX introduced Nordic zonal power futures in March. Since
then, 30 trading participants have been active, with a volume of
1.1 terawatt hours traded in the first three months since
launch, it said.
    Nasdaq  NDAQ.O  and EEX, which is Europe's biggest power
bourse, said on Wednesday that they have cancelled plans under
which the EEX would have purchased Nasdaq's Nordic power trading
and clearing business.

 (Reporting by Nina Chestney
Editing by David Goodman
)
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