Physical contracts will be cleared by European Commodity Clearing (ECC), the first time a German clearing house has been used by a French exchange. ECC is owned by European Energy Exchange (EEX). The clearing arrangement is part of a wider cooperation deal between EEX and Powernext in the electricity markets.
Powernext has secured five unidentified market participants to create the liquidity necessary to establish reliable pricing.
"The French gas market is an emerging market and this is the appro