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EEX Group to launch clearing services for Japanese Power Derivatives in 2020

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EEX Group is planning to extend its Power Derivatives offering in the first half of 2020 by launching Trade Registration services for Japanese Power Derivatives. 

Following meetings in Tokyo this week, the Ministry of Economy, Trade and Industry (METI) in Japan have confirmed EEX Group’s plans to launch clearing services for financially-settled Japanese power derivatives is allowed under the Japanese Commodities Derivatives Act. The new product offering, which is subject to standard European regulatory approval, will be the first Asian market area on the EEX Power Derivatives platform, which currently comprises 20 market areas in Europe. The EEX Group Japan initiative follows an intensive consultation process with regulators, Japanese market participants and international stakeholders.

As a Global Commodity Exchange, EEX Group has a proven track record in power trading, recording the largest power trading volume worldwide in both 2017 and 2018. The new clearing offering for Japanese Power Derivatives will bring together the wholesale electricity community in Japan, including domestic ultilities and retail suppliers, with EEX Group’s expansive network of international trading participants, market access providers, brokers and clearing banks.

Peter Reitz (pictured), CEO of EEX, says: “As EEX Group, we are determined to support the further development of the fast-growing Japanese power market. We will continue to work closely with the industry, both in Japan and overseas, in order to provide the market with risk management tools to hedge against price risks, thereby increasing the overall transparency and security of the market.“

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