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Trading in EEX wind power futures to begin in early October

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From 4 October 2016, trading participants on the EEX Derivatives Market will be able to hedge against volume risks in the generation of wind power within the German/Austrian market area using EEX’s new Wind Power Futures product.

The Wind Power Future is the second “Energiewende” product to be launched by the exchange and comes in response to the increasing challenges with regards to the energy transition.
In September 2014, EEX launched trading in Cap Futures, a Derivatives Market product for hedging against price peaks on the German Intraday Market.
“Unlike the Cap Future, the Wind Power Future addresses volume risks which arise for market participants on the Day-Ahead Market as a result of the fluctuating feed-in of wind power,” says Dr Tobias Paulun, chief strategy officer of EEX.
The new product is an index future for which EEX offers weekly, monthly, quarterly and annual maturities.
EEX uses the Wind Power Index for Germany and Austria calculated by EuroWind, Cologne, for the settlement. This index describes the actual feed-in of power from wind power plants in Germany and Austria relative to the installed capacity on the basis of a model-based approach. The so-called load factor is calculated on an annual basis from weather data of the German National Meteorological Service and the Austrian Central Institute for Meteorology and Geodynamics (ZAMG) and includes all wind power plants installed in Germany and Austria.  

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