ag type physical commodity and derivates exchange energy location leipzig germany founded 2002 key people peter reitz chief executive officer steffen k hler chief operating officer dr. dr. tobias paulun chief strategy officer dr. thomas siegl chief risk officer iris weidinger chief financial officer jean fran ois 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 . 1 contents 1 overview 2 trading volume 3 spot market 4 derivatives market 5 clearing and settlement 6 transparency 7 references 8 external links 9 external links overview edit 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 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 2 agricultural commodity exchange gmbh 100 % global environmental exchange gmbh 100 % european commodity clearing ag 98 5 % eex power derivatives gmbh 80 % powernext sa 55 8 % epex spot se 50 % gaspoint nordic a s 50 % cleartrade exchange pte ltd. 52 % storage capacity exchange gmbh 12 % european market coupling company gmbh 20 % trading volume edit 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 . 3 spot market edit 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 . in 2011 eex introduced 24 7 trading on the natural gas spot market . on the spot market companies can trade natural gas on a continuous basis for the current day within day one day and two days in advance as well as for the following weekend . since the launch of 24 7 trading eex has also offered continuous trading with a minimum lot size of 1 mw in addition to the 10 mw contracts . short term gas quantities can be traded on the exchange for delivery in the market areas gaspool netconnect germany ncg and the dutch title transfer facility ttf area . eex offers also a spot market for eu allowances . since 2005 eex operates both spot and derivatives markets in emission allowances . 4 eex has offered trading of emission allowances on the basis of the eu emissions trading scheme eu ets since 2005 . eex currently runs a secondary market for continuous trading on a spot and derivatives basis for eu ets allowances eua euaa and kyoto credits cer eru . 5 as of march 26 2008 it is possible to trade cer futures on the eex certified emission reductions global emission credits in accordance with the kyoto protocol . on 14 april 2008 eex and eurex launched trading of options on eua futures . since january 2010 eex ag runs the auctioning of the emission allowances issued by the federal ministry of the environment . all trading participants admitted to trading in emission allowances on eex are able to take part in the auction without any further preconditions regarding licensing . from the very beginning this also included all trading participants taking part in the existing eurex cooperation on the derivatives market . in addition eex also carries out the eua auctions for further countries poland hungary . the european energy exchange eex has won the tendering procedure for the transitory auctioning platform for the eua auctioned off by germany for the third emissions trading period in february 2012 and it was chosen as cooperation exchange for the ner30 program of the european investment bank eib . as of 30 april 2012 emission allowances for the aviation industry eu aviation allowances euaa will also be offered for trading . furthermore futures on emission reduction units eru will be launched at the end of april . in march eex extended the futures on certified emission reductions cer for all maturities of the third trading period . derivatives market edit participants on the eex can trade power contracts weeks months quarters years up to 6 years in the future . the power futures are financially settled contracts but they can be physically delivered in germany france austria belgium the netherlands and italy coming . besides electricity also natural gas futures market areas gaspool and ncg financial coal futures and a broad range of co2 derivatives futures on eua cer euaa and eru can be traded at the eex derivatives market . furthermore guarantees of origin goos are tradable on the eex derivatives market . goos are certificates which confirm that a given megawatt hour of power has been generated from renewable resources . these are exclusively issued for disclosure and transparency purposes and they are cancelled upon use . trading in guarantees of origin on eex is not connected with the delivery of power . guarantees of origin can be traded up to three years into the future . there are two maturities per year . eex offers three products on the derivatives market nordic hydro guarantees of origin for hydropower from scandinavia denmark finland norway and sweden alpine hydro guarantees of origin for hydropower from the alpine region germany austria and switzerland central northern european wind guarantees of origin for wind power from north western europev belgium denmark germany and the netherlands clearing and settlement edit clearing and settlement of all exchange transactions is done by the european commodity clearing ag ecc . ecc was founded in 2006 with the transfer of the eex clearing activities to this subsidiary . 6 specialised on the physical delivery of energy products ecc is dedicated clearing provider for six exchanges european energy exchange eex central european gas hub ag cegh epex spot hungarian power exchange hupx power exchange central europe and powernext . furthermore eex and ecc provide the servide of trade registration . this service enables the trading participants and the trade registration participants to conclude transactions through registration by mutual agreement or to have over the counter transactions registered . transparency edit eex operates transparency in energy markets the neutral platform for energy market data which fulfils the statutory publication requirements and implements the market participants voluntary commitments . the platform was established by eex and the four german transmission system operators and launched in october 2009 . in 2011 the austrian transmission system operator austrian power grid ag joined the cooperation . eex is in charge of the operation of the platform which comprises plausibility checking anonymisation aggregation and publication of the data reported . on 2 september 2014 the european energy exchange eex launched its new transparency site . at www.eex transparency.com visitors can gain access to comprehensive fundamental data and relevant information for wholesale energy trading . the website is a further development of the existing platform transparency in energy market and contains information about capacity utilization and availability of facilities for the production of electricity as well as new information on the storage of electricity and natural gas consumption . references edit eex product brochure 2014 shares held by eex eex end of year review 2013 date 01 14 2014 emission allowances overview emission allowances secondary market press release 07 05 2006 external links edit website of eex policy newsletter of eex annual review 2013 annual review 2012 annual review 2011 transparency platform of eex website of ecc external links edit eex website transparency in energy markets retrieved from https en.wikipedia.org w index.php title european energy exchange & oldid 731927808 categories energy exchangescompanies based in leipzigcompanies listed on the frankfurt stock exchangeenergy in germanyenergy in europehidden categories use dmy dates from april 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran aisnederlands edit links this page was last modified on 28 july 2016 at 12 21 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view