EEX to implement power futures for Serbia, Bulgaria and Slovenia on June 3

On June 3, the European Energy Exchange (EEX) will expand its product range on the derivatives market with new power futures for the Bulgaria, Slovenia and Serbia market areas, EEX said on its website. Clearing and settlement of the new products will be carried out by European Commodity Clearing (ECC).

The listing of the new power futures extends the pan-European offering of EEX to the emerging power markets in Central and South Eastern Europe, thereby extending its range to 20 market areas throughout Europe, EEX said.

The product offering will include cash-settled power futures for Slovenia covering base and peak load products with weekly, monthly, quarterly and yearly expiries. Furthermore, cash-settled Bulgarian and Serbian base load products with the same expiries will be launched.

– The introduction of these new products reflects the development of EEX as part of a global commodity exchange group – says Tobias Paulun, Chief Strategy Officer of EEX.

The introduction of power futures was announced last June by EEX and Slovenian BSP Southpool. Back then Tobias Paulun said that Slovenia had become a liquid hub for cross-border trading with Italy and Hungary, and that therefore, the new products would bridge the gap between those markets.

According to BSP Southpool data, total trading volume for 2018 reached nearly 7.8 TWh, with an increase by 9.2% on the day-ahead market compared to 2017. Intraday trading volume amounted to 331 GWh.

Bulgarian power futures were announced in December 2018. Konstantin Konstantinov, Executive Director of IBEX, said at the time that cooperation with EEX would bring to the Bulgarian market the very important and necessary reference price signals for the long term products.

After the announcement of the Serbian power futures, in June 2018, Miloš Mladenović, Managing Director of SEEPEX, said that the listing of these derivatives would contribute to the further development of liquidity and confidence in the Serbian power spot market, which is developing rapidly to become the main hub for cross-border trading in the SEE region.

Berza SEEPEX a.d. Beograd

European Energy Exchange

EEX

European Commodity Clearing

ECC

Tobias Paulun

BSP Southpool

Konstantin Konstantinov

IBEX

Miloš Mladenović

SEEPEX

Southeast Europe Power Exchange

power futures

implementation of power futures

power exchange

power market in Serbia

power trading in Serbia

power trading

sale of electrical energy

purchase of electrical energy

futures

Serbian power spot market