German EEX says intra-day platform launch a success
The EEX has reported a “successful launch” of its Intra-day trading platform, which started this Monday (see EDEM 10.184), according to a company statement from the Leipzig-based energy bourse on Tuesday.
By 18:00, local time, 2,242 MWh were traded on the platform, EEX said. A total of 40 transactions were concluded, with 13 trading participants involved. Trades were concluded in three of the four TSO zones offered, according to the bourse.
So far, 80 of the 132 trading participants on the Spot Market have been granted access to the intra-day trading system.
“We are happy with the activity that we have seen on the first day of trading and in particular with the broad range of trading participants who have taken part during the first day,” Oliver Maibaum, director of market operations, said. “These comprise municipal utilities, regional suppliers as well as national and international power suppliers. Now, it is our task to substantiate the confidence which has been placed in us by means of the further development of the services and of the system,” he continued.
The electronic platform for intra-day trading is available for market participants around the clock, seven days per week, with trading and settlement effected in all four German TSO zones. As a first step, the new trading system will permit trading of hourly deliveries of the current and the next calendar day up to 75 minutes prior to delivery. As a next step, EEX will extend the platform to the trading of quarter-hour deliveries up to 45 minutes before the commencement of delivery. The settlement infrastructure is also open for the clearing of intraday transactions not concluded on the platform. ADS
Other Related Stories