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EEX to extend Phelix-DE product suite

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The European Energy Exchange (EEX) is to launch Weekend Contracts for Phelix-DE Futures on 21 September which complete the product suite for the German market.

In doing so, the offering for the German market will be aligned with the Phelix-DE/AT Futures in order to provide trading for the full curve to the customers.
“Since the launch of these products, volumes in Phelix-DE Futures have increased rapidly,” says Steffen Köhler (pictured), COO of EEX. “In the Cal-19 contract, already almost 60% of the total German power volumes are traded in the Phelix-DE Future which is quickly establishing itself as the new benchmark contract for Europe”.
EEX introduced the Phelix-DE product suite in April 2017. Regardless of the final outcome of the current price zone debate, the new Phelix-DE Future will always reflect the price for the German Power market, containing the AMPRION control zone which is equivalent to standard terms of bilateral agreements.
Also on 21 September, EEX will introduce a non-MTF offering for Phelix-AT Futures. The offering for the Eastern-European power market will be extended to PXE Week Futures for the Czech Republic and Hungary. Furthermore, the PXE product suite comprises cash-settled power futures for Slovakia, Romania and Poland.
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances and Coal as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.

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