EEX launches French physical power futures

Germany’s European Energy Exchange (EEX) has started offering physical power futures with delivery in France, another step towards its stated aim of further ‘Europeanisation’. This is the second product the EEX has offered beyond German borders, following its April launch of Austrian physical power futures.

The French move is a clear challenge to Paris-based power exchange Powernext. “Our main aim is to gain a foothold in the French market,” said EEX spokesman Mario Groß, but he would not comment on the market share targeted by the German exchange.

EEX started offering French baseload and peak-load year futures today (Monday, August 29) – five contracts had traded by noon. From October, the range of products will include quarterly futures, and by the end of December, monthly futures.

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