EEX Group price list Leipzig. Ref This document is for information purposes only and is not legally binding

Transcription

1 EEX Group price list Leipzig Ref This document is for information purposes only and is not legally binding

2 Table of Contents 1. The Entities of EEX-Group 3 2. Variable Fees Power Spot European Power Derivatives US Power Derivatives European Natural Gas Spot European Natural Gas Derivatives US Natural Gas Derivatives Environmental Markets Global commodities Pulp Agricultural Commodities Delivery of electricity or natural gas for end consumption in Austria Auctions for end customers in the Czech Republic Registries Membership Fees Technical Fees Training Info-Products Compliance Services Mistrade Fees and Cancellation Fees Fee for excessive use of trading systems Clearing related Services Trading Limit Service 42 EEX Group price list Page 2 Release EEX Group 2017

3 1. The Entities of EEX-Group Brand Group Company Abbreviation European Energy Exchange AG EEX EEX Power Derivatives GmbH EPD Global Environmental Exchange GmbH GEEX Agricultural Commodity Exchange GmbH ACEX European Commodity Clearing AG ECC European Commodity Clearing Luxembourg S.à.r.l. ECC Lux EPEX SPOT SE EPEX SPOT EPEX SPOT Belgium SA EPEX SPOT Powernext SA PWX PEGAS CEGH Gas Exchange Services GmbH CEGH Power Exchange Central Europe, a. s. PXE The Cleartrade Exchange Pte Ltd CLTX Nodal Exchange, LLC Nodal Nodal Clear, LLC Nodal Gaspoint Nordic A/S GPN EEX Group price list Page 3

4 2. Variable Fees Electricity tax, grid usage fees and other taxes and levies are not included in variable fees Power Spot Volume basis is the gross position, except for UK auctions whose trading fees are charged on net volumes per instrument in each auction market. Orders for physical fulfillment of futures positions Market Fee (per MWh) Germany/Austria, France 0.00 Switzerland % 0.02 Netherlands, Belgium % 0.03 % Fee holiday until 31 March 2018 Day-Ahead Market Market Orderbook Trading / Trade Registration* (per MWh) Clearing (per MWh) Germany/Austria, Switzerland France, Netherlands, Belgium (including strategic reserve) UK / UK Half Hourly Fee for handling transactions on the PXE/OTE common Czech Day-Ahead market concluded through the PXE trading system ** * Trade Registration is only possible for Germany ** Fee for financial settlement of PXE spot market transactions EEX Group price list Page 4

5 Intraday Market Market Orderbook Trading (per MWh) Trade Registration (per MWh) Clearing (per MWh) Germany Intraday 15-min. Auction Germany/Austria, Switzerland, France, Aggressor Netherlands, Belgium 2 Originator UK 2hrs Continuous Orders or 4 hrs Continuous Orders matched after 18:00 on D UK 4hrs Continuous Orders matched before 18:00 on D Trade Registration in the UK Total amounts due for 15-min contracts correspond to prices multiplied by quantities and divided by four to take into account that only ¼ of MWh are traded. For each transaction on the intraday continuous market, there are two orders. Chronologically, the first order is at the initiative of the trade. The second order is matching the first already existing order. The first order is the originator, while the second order is the aggressor. Capacity Market Market Orderbook Trading / Trade Registration (per guarantee) Clearing (per guarantee) France 3 1 Non-group clearing services Market Clearing (per MWh) HUPX Hungarian Day Ahead HUPX Hungarian Intraday SEEPEX Serbian Day Ahead Irish and Northern Irish Day-ahead and Intraday* ( 0.006) * Availability expected as of EEX Group price list Page 5

6 2.2. European Power Derivatives European Power Futures (including respective OTF and regulated Markets) Market Orderbook Trading / Trade Registration (per MWh) Clearing (per MWh) Trades in power futures with the following exceptions: Day and Weekend Futures Czech Republic, Slovakia Hungary, Poland, PXE Romania Nordic UK German Cap and Floor Futures Wind Power Futures per hour per hour Delivery of electricity upon expiry is /MWh for Slovakian physical power futures, for all other markets it is 0.01 /MWh. Delivery of a OTF contracts is 0.03 /MWh, while only the trading participant who has requested physical delivery will be charged. 1 For Transactions in Phelix and Spanish Day and Weekend Futures the transaction fee is reduced to per MWh, the Clearing fee is reduced to per MWh Options on European Power Futures Orderbook Trading / Trade Registration % Option premium (per MWh) Clearing (per MWh) Premium 0.15 /MWh Premium < 0.15 /MWh Delivery of futures upon exercising of an option is 0.00 /MWh % Delta hedge discount: An exchange trade entailing a delta hedge in a power option, i.e. a power option and its future base in the same exchange transaction, the transaction fee for the future base will be reimbursed provided that (i) the option and delta trade are concluded at EEX on the same trading day and (ii) the trade ID of the future base is indicated when concluding the option. Non-group clearing services Market Clearing (per MWh) Hungary (HUPX) Delivery of futures upon expiry of Hungarian Physical Power (HUPX) 0.01 EEX Group price list Page 6

7 2.3. US Power Derivatives The Lot size is defined as 1 MW of a contract expiry (peak or off-peak) for one month. All per MWh pricing is shown rounded to the nearest fourth decimal place. For Eastern RTOs (PJM, ISO-NE, MISO, and NYISO) and ERCOT, the average peak hours per month are 340 and the average off-peak hours per month are 390. For WEST, the average peak hours per month are 410 and the average off-peak hours are 320. For 2X16 contracts, average hours per month are 147, and for 7X8 contracts, average hours per month are 243. US Power Derivatives Market Orderbook Trading / Trade Registration per Lot ($ / MWh equivalent) Clearing Registration * per Lot ($ / MWh equivalent) Clearing Settlement * per Lot ($ / MWh equivalent) PJM Western Hub Real Time Monthly Peak $ 0.85 $ 0.85 $ 0.85 PJM Western Hub Real Time Monthly Off Peak $ 0.97 $ 0.93 (0.0024) $ 0.93 (0.0024) PJM Western Hub Day Ahead Monthly Peak $ 1.70 (0.0050) $ 0.85 $ 0.85 PJM Western Hub Day Ahead Monthly Off Peak $ 1.95 (0.0050) $ 0.93 (0.0024) $ 0.93 (0.0024) All Other Eastern RTO & ERCOT Monthly Peak $ 2.55 (0.0075) $ 0.85 $ 0.85 All Other Eastern RTO & ERCOT Monthly Off Peak $ 2.92 (0.0075) $ 0.93 (0.0024) $ 0.93 (0.0024) WEST Monthly Peak $ 3.07 (0.0075) $ 1.02 $ 1.02 WEST Monthly Off Peak $ 2.40 (0.0075) $ 0.76 (0.0024) $ 0.76 (0.0024) PJM Western Hub Real Time Off Peak 2x16 $ 0.37 $ 0.35 (0.0024) $ 0.35 (0.0024) PJM Western Hub Real Time Off Peak 7x8 $ 0.61 $ 0.58 (0.0024) $ 0.58 (0.0024) PJM Western Hub Day Ahead Off Peak 2x16 $ 0.73 (0.0050) $ 0.35 (0.0024) $ 0.35 (0.0024) PJM Western Hub Day Ahead Off Peak 7x8 $ 1.22 (0.0050) $ 0.58 (0.0024) $ 0.58 (0.0024) All Other Monthly Off Peak 2x16 $ 1.10 (0.0075) $ 0.35 (0.0024) $ 0.35 (0.0024) All Other Monthly Off Peak 7x8 $ 1.82 (0.0075) $ 0.58 (0.0024) $ 0.58 (0.0024) * Nodal Clear charges the registration fee for all trades and the cash settlement fee for positions held through expiration. EEX Group price list Page 7

8 US Peak Power Options Market PJM WESTERN HUB Monthly Real Time On PJM WESTERN HUB Monthly Real Time Off MISO INDIANA.HUB Monthly Real Time On ERCOT HB_NORTH Monthly Real Time On NYISO WEST Monthly Day Ahead On NYISO HUD VL Monthly Day Ahead On ISONE.H.INTERNAL_HUB Monthly Day Ahead On NWPP MID-COLUMBIA Monthly Day Ahead On CAISO TH_SP15_GEN-APND Monthly Day Ahead On PJM WESTERN HUB Calendar Year Real Time On PJM WESTERN HUB Calendar Year Real Time Off NYISO WEST Calendar Year Day Ahead On Orderbook Trading / Trade Registration per Lot ($ / MWh equivalent) $ 0.85 $ 1.95 (0.0050) $ 1.70 (0.0050) $ 1.70 (0.0050) $ 1.70 (0.0050) $ 1.70 (0.0050) $ 1.70 (0.0050) $ 2.05 (0.0050) $ 2.05 (0.0050) $ 2.04 (0.0050) $ (0.0050) $ (0.0050) Clearing Registration per Lot ($ / MWh equivalent) $ 0.85 $ 0.98 $ 0.85 $ 0.85 $ 0.85 $ 0.85 $ 0.85 $ 1.03 $ 1.03 $ $ $ % Exercise / Assignment of Options is free of charge EEX Group price list Page 8

9 2.4. European Natural Gas Spot Natural Gas Spot Market Orderbook Trading / Trade Registration (per MWh) Clearing (per MWh) TTF PEG Nord, TRS, ZTP, ZTP L NCG, GASPOOL Within-Day NCG and GASPOOL with other maturities Locational and hourly products* NBP, ZEE GBp/Therm GBp/Therm ETF (Denmark) CEGH VTP hourly (Austria) CEGH VTP other maturities (Austria) CEGH Czech * Locational: GRTgaz: PEG Nord, TRS; GASPOOL: Ontras H, GuD H, Gascade H, GuD L, GTG Nord L, Nowega L; NCG: H North, H Mid, H South, L East, L West Hourly: TTF, GASPOOL L, NCG L, NCG L Elten, NCG L Vreden, CEGH VTP For spreads, only the trading fee on the first underlying contract is applicable. The clearing fee for spreads will only be charged for the leg with the higher clearing fee. For a transaction on an Implied Order, only the fee of the underlying Contract of the Implied Order executed on screen is applicable. EEX Group price list Page 9

10 2.5. European Natural Gas Derivatives European Natural Gas Futures (including respective OTF and regulated Markets) Market Orderbook Trading / Trade Registration (per MWh) Clearing (per MWh) TTF PEG Nord, TRS, ZTP, CEGH Czech, ETF (Denmark) NCG, GASPOOL, PSV, PSV Fin NBP, ZEE GBp/Therm GBp/Therm CEGH VTP (Austria) Delivery of natural gas upon expiry of futures is per MWh for TTF, GBp per Therm for NBP and ZEE and 0.01 per MWh for all other markets. When determining the respective delivery fee of a trading participant, its opposite positions (long/short) in the regulated market and OTF products for the same market area and maturity will be netted. In case of a Transaction on a Spread between Contracts, only the trading fee on the first underlying Contract is applicable. In case of a Transaction on an Implied Order, only the Trading fee of the underlying Contract of the Implied Order executed on screen is applicable US Natural Gas Derivatives US Natural Gas Derivatives Market Henry Hub (monthly) Orderbook Trading / Trade Registration per Lot of 2,500 MMBtu ($ / MMBtu equivalent) $ 0.30 ( ) Clearing Registration per Lot of 2,500 MMBtu ($ / MMBtu equivalent) $ 0.10 ( ) Clearing Settlement per Lot of 2,500 MMBtu ($ / MMBtu equivalent) $ 0.10 ( ) EEX Group price list Page 10

11 2.7. Environmental Markets Emission Rights Market Orderbook Trading (per ktco2) Trade Registration (per ktco2) Clearing (per ktco2) EUA, EUAA, CER Spot Secondary Trading 1, EUA, EUAA Primary Auction (buyers only) (Germany, Poland) EUA, EUAA Primary Auction (buyers only) of the EU Common Auction Platform (CAP2) Futures on Emission Rights 1,2 Agressor Originator Options on Futures on Emission Rights with an Option premium 3, of 0.15 per tco2 or more Options on Futures on Emission Rights with an Option premium 3, of less than 0.15 per tco Only one leg of a Spot/Future Spread will be charged with trading and clearing fees. Starting with a Participant s trading volume in Spot market products (Emission Rights in Secondary Trading) and Futures on Emission Rights of 5,000 ktco2 in one calendar month, the transaction fees for the entire trading volume at the Spot market (Emission Rights in Secondary Trading) and at the Derivatives Market (Futures on Emission Rights) of this Participant will be 1.00 per ktco 2 for this calendar month. Delta-Hedge-Discount: A Transaction entailing a delta hedge in an option on Futures on Emission Rights, i.e. an option on a Futures on Emission Rights and its future base in the same Transaction, the transaction fee for the future base will be reimbursed provided that (i) the option and delta trade are concluded at EEX on the same trading day and (ii) the trade ID of the future base is indicated when concluding the option. The discount is only available when establishing an initial future position. Delivery of futures upon exercising of an option is free of charge EEX Group price list Page 11

12 2.8. Global commodities Fuel Oil Fuel oil Trader Broker Product Fuel Oil Volume (per Month) Orderbook Trading / Trade Registration (per t) Orderbook Trading (per t) 0-2,500 $ 0.25 $ 0.03 >2,500-5,000 $ 0.15 $ 0.02 >5,000 $ 0.05 $ 0.01 Trade Registration (per trade) $ Ores, Metals and Alloys Ores, Metals and Alloys at EEX Product Trade Registration (per t) Clearing (per t) Iron Ore $ $ Ores, Metals and Alloys at CLTX Trader Broker Product Iron Ore Steel Volume (per Month) Orderbook Trading / Trade Registration (per t) Orderbook Trading (per t) 0-50,000 $ 0.05 $ >50, ,000 $ $ >200,000 $ $ ,000 $ 0.40 $ 0.15 >5,000-10,000 $ 0.35 $ 0.10 >10,000 $ 0.30 $ 0.05 Trade Registration $ 8.0 per trade $ 0.05 per t Wood Pellets Product Orderbook Trading / Trade Registration per t Clearing per t Cash settlement upon expiry per t Futures on wood pellets $ 0.04 $ 0.06 $ 0.10 EEX Group price list Page 12

13 Coal Product Orderbook Trading / Trade Registration per lot of 1.000t Clearing per lot of 1.000t Coal futures $ 3.0 $ 2.0 Coal options* $ 1.25 $ 1.25 * not yet offered for trading Freight Freight at EEX* Product Trade Registration Clearing Dry Bulk Time Charter $ 2.6 per d $ 1.4 per d Dry Bulk Trip Time Charter $ 2.6 per d $ 1.4 per d Dry Bulk Voyage Routes $ 2.6 per lot of 1.000t $ 1.4 per lot of 1.000t Freight options $ 2.6 per d $ 1.4 per d * Transaction and Clearing Fees of EEX and ECC that have been accrued for transactions at EEX executed from February 1st, 2017 until August 31st, 2017 will be reimbursed by EEX upon request if such transactions at EEX close a position in Capesize Time Charter Freight Futures (TC4) while at the same time open a corresponding position in Capesize Time Charter Freight Futures (TC5) ( Transfer Trade ). The requesting Exchange participant has to demonstrate by means of a form provided by EEX, which transactions are comprised by a Transfer Trade. Freight at CLTX Trader Broker Product Containers* (TEU Box) Freight** (Time charter/ voyage days) Volume (per Month) Orderbook Trading / Trade Registration Orderbook Trading 0-1,000 $ 10/5 $ 3/1.5 >1,000-10,000 $ 5/2.5 $ 2/1 >10,000 $ 3/1.5 $ 1/ bp 3 bp > bp 2 bp >500 6 bp 1 bp Trade Registration $ 3/1.5 $ 8.00 per trade * Fee option is headhaul Vs backhaul fee ** Fee is basis points of notional value of each trade EEX Group price list Page 13

14 2.9. Pulp Non-group clearing services Product Clearing per t NOREXECO NBSK Softwood Kraft Pulp contracts in USD 0.1 NOREXECO BHKP Hardwood Kraft Pulp contracts in USD Agricultural Commodities Potatoes, Dairy Products Product Orderbook Trading / Trade Registration (per contract) Clearing (per contract) Cash settlement upon expiry (per contract) Butter Potatoes Skimmed milk powder Whey powder Delivery of electricity or natural gas for end consumption in Austria Delivery of electricity or natural gas for end consumption in Austria according to the Austrian EEffG to cover the compensation amount (fig par. 5 ECC Clearing Conditions) by off-setting according to ECC Clearing Conditions fig par. 6, 9 in connection with fig par. 10 if applicable per MWh The clearing fee for delivery of natural gas or electricity for end consumption according to the Austrian EEffG in Austria to cover the compensation amount (ECC Clearing Conditions fig par. 5) may be reduced in full or up to max. 10% (equals 0.12 /MWh) by offsetting the energy efficiency measures of the trading participants or markets according to fig par. 6, 9 in connection with par. 10. EEX Group price list Page 14

15 2.12. Auctions for end customers in the Czech Republic Trading Fees Volume in MWh (per year) Flat Fee Variable Fee (per MWh) Suppliers all - CZK ,000 - CZK 7.00 >25,000-50,000 CZK 175,000 CZK 5.00 End customers >50, ,000 CZK 300,000 CZK 3.00 >100, ,000 CZK 450,000 CZK 1.00 >250,000 CZK 600, Registries French Guarantees of Origin registry Fee (per MWh) Issuance of Guarantees of Origin 0.03 Transfer, export, import, or cancellation of guarantees of origin 0.01 Futures on Guarantees of Origin Market Orderbook Trading / Trade Registration (per MWh) Clearing (per MWh) Delivery (per MWh) Futures on Guarantees of Origin* * Currently, not offered for trading. French Energy Saving Certificates registry Fee (per GWh cumac 1 ) Energy Saving Certificates delivered Energy saving targets are assessed in kwh cumac of final energy (cumac means cumulated and actualized), and correspond to the energy savings cumulated over the lifetime of the implemented operation and actualized at a certain rate. EEX Group price list Page 15

16 3. Membership Fees 3.1. Power Spot Entrance Fees Market Germany/Austria, Switzerland, France, UK and the Netherlands Entrance Fee 25,000 or equivalent GBP value Germany/Austria, Switzerland, France and the Netherlands (indirect member 1 ) 5,000 Czech Republic 2 15,000 Belgium (including strategic reserve) 12,500 Belgium continuous intraday market, only 5,000 Belgium (indirect participant 1 ) 500 French capacity market, only 5,000 Entrance Fees for the Belgian market are not applicable if the participant is already a member of any other power spot market but the Czech Republics. Annual Membership Fees Market Germany/Austria, Switzerland, France, UK, the Netherlands or Belgium Annual Fee 10,000 or equivalent GBP value Germany/Austria, Switzerland, France or the Netherlands (indirect member 1 ) 5,000 Germany/Austria, Switzerland, France, UK or Netherlands (Continuous Intraday, only) 5,000 Germany Intraday 15-min. auction, only 5,000 Czech Republic 2 0 Belgium (including strategic reserve) 20,000 Belgium continuous intraday market, only 4,000 Belgium (indirect member 1 ) 500 Belgium (indirect member including strategic reserve 1 ) 5,000 French capacity market, only 2, An indirect member / participant means an exchange member trading indirectly through another exchange member called a direct trading member, who shall act as its broker on EPEX SPOT. Note that there is no indirect membership on the UK market. The entrance fee is not applicable for active members of PEGAS CEGH gas exchange, members that hold the PXE Power Futures membership and/or TSOs for natural gas. EEX Group price list Page 16

17 3.2. Natural Gas Membership Annual Fee Two countries out of Germany (NCG & GASPOOL), France (PEG Nord & TRS), Belgium (ZTP & ZEE), Netherlands (TTF), United Kingdom (NBP) and Italy (PSV) including Spot, OTF and Regulated Markets % 9,000 Three countries and more out of Germany (NCG & GASPOOL), France (PEG Nord & TRS), Belgium (ZTP & ZEE), Netherlands (TTF), United Kingdom (NBP) and Italy (PSV) including Spot, OTF and Regulated Markets % 15,000 Austria (CEGH VTP) including Spot, OTF and Regulated Markets 15,200 Denmark (ETF) including Spot, OTF and Regulated Markets % 10,000 Czech Republic* 14,700 % Free of charge within the first 12 months. If the two countries membership gets enhanced to the three countries and more membership, the delta of ( ) is also waived for the first 12 months. For ETF the discount is applicable when signing a Trading Participant Agreement no later than December 1st Members admitted on Regulated Markets only benefit from a 20% rebate on annual membership fees. Passive members, entering the CEGH VTP Spot markets without any trading account, can benefit from a reduced membership fee of EUR 10,000 on the hub CEGH VTP. * To obtain the right to trade on the CEGH Czech gas spot and futures markets, a one-time entrance fee of 15,000 is charged (not applicable for TSOs). The membership and entrance fee is not applicable for active members of PEGAS CEGH gas exchange and/or members that hold the PXE Power Futures membership. Gas TSOs pay a reduced membership fee of 12,000 per year and no entrance fee. EEX Group price list Page 17

18 3.3. Power Derivatives, Environmental, Agricultural and Global Markets Membership Full Membership at EEX: % European Power Derivatives excluding PXE Power Futures (including respective OTF and regulated Markets), Environmental Markets, Coal, Ores, Metals, Alloys and Agricultural and Freight products offered by EEX Annual Fee 15,000 PXE Power Futures (Czech, Polish, Slovakian, Hungarian and Romanian power derivatives) 1 14,700 Emerging & Environmental Markets Membership : % Environmental Markets, Coal, Freight, Ores, UK Power Futures, Wood Pellets, Metals, Alloys and Agricultural products offered by EEX plus trade registration of contracts that are not order book traded at EEX Group (Power Derivatives: Greek and Romanian Futures) 2,500 US Power via Nodal Exchange 2 $ 12,000 Primary auctions of EU-Emission Allowances on the Spot Market, only 0 Agricultural Products Membership 0 Fuel Oil, Ores, Metals, Alloys and Freight offered by CLTX 0 % Free of charge within the first 12 months 1 2 Until 31 December 2018, the annual fee for the Membership PXE Power Futures will be waived for trading participants that hold the Full Membership with EEX and that have not been registered as participants for trading in power derivatives with PXE on 10 April Charged on a $ 3,000 per quarter basis and waived for the calendar quarter for any participant with 300,000 MWh or more of open interest entering the quarter or any participant that transacts within the quarter. EEX offers to connect to EEX markets on a view-only basis 3 months free of charge. This period can be prolonged one time if the respective client is already in the admission process Auctions for end customers in the Czech Republic Membership Fees Annual Fee Entrance Fee Suppliers - - End customers CZK 500 CZK 2,500 EEX Group price list Page 18

19 3.5. Registries French Guarantees of Origin registry Admission fee Registration of production devices 2,000 per account holder 450 per 3-year period per device French Energy Saving Certificates registry Account opening 150 per account 3.6. Clearing Membership Annual Fee Participation of Clearing Members in clearing % 12,500 Participation of Non-Clearing Members in clearing % 1,000 Participation of DCP-Clearing Members in clearing at several spot markets 12,500 Participation of DCP-Clearing Members in clearing at a single spot market 9,000 Participation of DCP-Clearing Members in clearing solely at the UK spot market 6,000 Participation of registered trading participants in clearing according to Austrian EEffG* 50,000 % Free of charge within the first 12 month. For Non-Clearing Members, all revenues with regards to Clearing Fees effectively collected from the respective Non-Clearing Member in the respective calendar year will be credited against the annual fee. If the Clearing Fees charged within one calendar year on the basis of this Price List fall short of the amount of the annual fee for Non-Clearing Members, ECC will charge the Non-Clearing Member concerned the difference between the annual fee and the Clearing Fees effectively collected at the beginning of the following year. For Non-Clearing Member that have not been members of ECC the entire calendar year the annual fee will be calculated pro rata per month or part thereof (i.e. per month or part thereof 83.33). * The annual fee in connection with the Austrian EEffG is charged to the trading participants registered according to fig ECC Clearing Conditions and ECC Price List. EEX Group price list Page 19

20 4. Technical Fees 4.1. Frontend Fees Power Spot Day-Ahead auction and 15-minute Intraday call auction (DE/AT, FR, CH, NL, BE) Access via ETS (EPEX SPOT trading system) Light Access (up to 2 users and up to 2 portfolios) 3,500 Standard Access (up to 5 users and up to 5 portfolios) 8,000 Additional user (read-only or read & write) 4,000 Additional classic portfolio 500 ETS Smart and Big Blocks (SAB) portfolio 2,000 ETS backup is mandatory even for users of the ETS API access to the markets, either as light or standard access Access via ETS API* For 2 users and 2 applications, if active in one market area only 3,000 API read and write mode For 5 users and 5 applications 6,000 Per new application with up to 5 users 1,000 Per 5-user extension 2,000 API read mode for internal use For 5 users and 5 applications 4,000 Per new application with up to 5 users 1,000 * Application Program Interface (API) is a set of routines, protocols, and tools for building software applications Intraday continuous market (M7) (DE/AT, FR, CH, NL) Access via ComTrader Via internet with an unlimited number of users 4,000 ComTrader back up is mandatory even for those who use the API to access the markets EEX Group price list Page 20

21 Access via M7 API* For the first application and for up to 5 users, if only active in one country 4,000 API read and write mode Per new application with up to 5 users if only active in one country 2,500 For the first application and for up to 25 users 8,000 Per new application with up to 25 users 5,000 API read mode for internal use Per 25-user extension per application 2,500 For the first application and for up to 25 users 5,000 Per new application with up to 25 users 3,000 Per 25-user extension per application 2,500 * Application Program Interface (API) is a set of routines, protocols, and tools for building software applications. For Indirect Members, a fixed technical fee of 500 is charged independently from the number of markets. The technical fee and the API technical fee are invoiced to the Trading member (not the Indirect Member) Eurolight technical fees (UK) Standard Eurolight Access 20,000 or equivalent GBP value PXE Trayport Global Vision (CZ) standard access: two accesses for power spot plus one access for gas % 6,000 additional access 7,800 registration of additional IP address 600 read only access 4,200 Additional access to PXE Portal 1,200 % PXE Trayport Global Vision System (standard access) is free of charge for TSOs PXE API downstream account API downstream account for connection to the Trayport Trading Gateway or RORC system in connection with trading 4,200 EEX Group price list Page 21

22 French Capacity Market (FR) Standard Access with 1 users and 2 portfolios 0 Additional CTS (Certificate Trading System) portfolio for the French capacity market 1, Natural Gas Frontend Markets Accessible Annual Fee Trading license % Downstream PXE Trayport Global Vision (standard access: two accesses for power spot plus one access for gas) PXE Trayport Global Vision (additional access) PXE Trayport Global Vision (registration of additional IP address) PXE Trayport Global Vision (read only access) TTF, PEG Nord, TRS, ZTP, ZEE, GASPOOL, NCG, NBP, PSV, PSV Fin, ETF, CEGH VTP Czech Republic Czech Republic Czech Republic Czech Republic 1,800 / account 6,000 /standard access 7,800 / access 600 / IP address 4,200 / access % Shift Traders pay a reduced fee of Power Derivatives, Environmental, Agricultural and Global Markets, Clearing Frontend Markets accessible Annual Fee EEX TT Screen % European Power Derivatives, Environmental Markets, Coal, EEX Freight, EEX Agricultural commodities 1,800 / user Trayport Joule Screen % European Power Derivatives, Environmental Markets, Coal, EEX Freight, 1,800 / user Eurex T7 GUI and/or Eurex Clearing GUI 1 European Power Derivatives, Environmental Markets, Coal, EEX Freight, EEX Agricultural commodities, Clearing 7,500 / member CLTX TRADER CLTX Freight, Fuel Oil, Metals, CLTX Agricultural commodities free of charge Comtrader for ComXerv Auction System Primary auctions of EU-Emission Allowances on the Spot Market, only free of charge % Free of charge within the first 12 months 1 Only one of the two connections will be charged. The number of open Eurex Trader GUIs is only limited by the available bandwidth of the used connections. In the event of the loss of a Token as required for Eurex Clearing GUI access, a one-off fee of 500 will be charged EEX Group price list Page 22

23 Auctions for end customers in the Czech Republic Frontend Fees Deal-entry in the Trayport GlobalVision system for trading auctions via the standard account used at PXE Special deal-entry account in the Trayport GlobalVision system for trading auctions for end customers, only Annual Fee - 2, Connection and other technical Fees Special annual connection fees for power spot intraday continuous markets (M7) Access type Annual fees User Location 256 Kbit/s bandwidth dedicated line 9,000 All Via Leased Lines 512 Kbit/s bandwidth dedicated line 18,000 All 1 Mbit/s bandwidth dedicated line to locations with Access Point 2 Mbit/s bandwidth dedicated line to locations with Access Point 24,000 30,000 Amsterdam, Dublin, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Vienna, Zurich Amsterdam, Dublin, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Vienna, Zurich Via VPN 512 Kbit/s bandwidth via VPN 9,000 All Connection and other technical fees for the markets of EEX and EPD Connection Internet for EEX TT Screen Annual price per connection free of charge VPN (1 Mbit/s) 1 15,000 Leased Line (E1) 2 30,000 1 Including MIC and MDI 2 Including MIC and MDI as well as the required EUREX GUI Channel Fees for ETI and FIX Sessions This section applies to the connection of third party solutions (3 rd Party Solutions). Sessions are necessary to use ETI and FIX interfaces. The access to the Eurex Trading and Clearing Systems can be achieved via ETI/FIXML. The ETI/FIXML interfaces will be provided via Leased Line or VPN, if the access is not managed by a multi member service provider. The fees for such sessions are as follows: EEX Group price list Page 23

24 Eurex ETI / Fix Trading Session Annual fee Eurex ETI Low Frequency Light Session (max. 50 Transactions/Second) 3,000 Eurex ETI Low Frequency Full Session (max. 150 Transactions/Second) 6,000 Eurex ETI High Frequency Light Session (max. 50 Transactions/Second) 3,000 Eurex ETI High Frequency Full Session (max. 150 Transactions/Second) 6,000 Eurex FIX Trading Session (max. 50 Transactions/Second) 3,000 Each participant receives a discount of 100 % for fees for ETI and FIX sessions up to an amount of 12,000 p.a. Eurex Clearing Session FIXML Session 1,200 p.a. as of the third account Clearing Solution Eurex Trading and Clearing will be provided as Web-GUIs. The previous solution over Token will cease to be supported for new orders. Existing tokens may be used for the time being. Both GUIs may be operated via the GUI Channel or via public Internet. EEX Group price list Page 24

25 Detailed connection prices Different service features as specified below may be used simultaneously with the ordered connection (bandwidth). The service features used jointly utilize the ordered bandwidth. This has to be considered when choosing the bandwidth. Additionally, one or more sessions are necessary according to the table below to use the services ETI and FIX Gateway. These will be charged in addition to the ordered MIC service. Service Bandwidth (Leased line Mbit/s) Leased line in Tier A Leased line in Tier B Connection prices Leased line in Tier C iaccess (VPN) E1/Ethernet Leased line MIC and MDI 1 24,000 p.a. 24,000 p.a. R 15,000 p.a. 1) EUREX GUI Channel in Combination with MIC 1 6,000 p.a. 6,000 p.a. R 7) on same line 3) Ethernet Leased line 6) MIC and EMDI 4 36,000 p.a. 42,000 p.a. R 4) MIC, EMDI, and RDI 80 69,000 p.a. 112,200 p.a. R 5) 1 2,400 p.a. 3,000 p.a. R EUREX GUI Channel in Combination with MIC on same line 3) 3 4,800 p.a. 6,000 p.a. R 5 7,200 p.a. 9,000 p.a. R 10 9,600 p.a. 12,000 p.a. R Decided GUI Solution (without MIC) on basis on leased lines 1 24,000 p.a. 24,000 p.a. R EUREX GUI Channel as decided solution 3) 3 30,000 p.a. 36,000 p.a. R 5 36,000 p.a. 42,000 p.a. R 10 42,000 p.a. 54,000 p.a. R Internet Solution EUREX GUI Channel 3) over public Internet 7,500 p.a. 2) EEX Group price list Page 25

26 Legend Tier A Tier B Tier C R and other places Remarks Urban areas of Amsterdam, Frankfurt, London, Paris, and Zurich Germany, France, Great Britain, The Netherlands, and Switzerland All other places upon request Availability upon request The prices per tier are reference prices only and may vary with regard to the exact location of the participant and the technical feasibility. Prices for other places upon request. 1) 2) 3) 4) 5) 6) 7) The alternative Combined Access requires the bandwidth of the iaccess connection to correspond with the respective bandwidth of the associated leased line. GUI connection over the Internet is free of charge for participants using a MIC on a leased line. Otherwise a price of 600 per month is charged (per participant, number of opened Eurex Trader GUIs is unlimited). Eurex GUI Channel. The Eurex GUI Channel supports all GUI solutions provided by EUREX. More details are specified in the Network Configuration Guide as amended from time to time. EMDI is not available over VPN. Therefore, two leased lines are required for redundant connections. For technical reasons RDI will be offered only from 80 Mbit/sec. A lead time of six months has to be taken into account when ordering leased lines based on Ethernet. The GUI Channel is not available over VPN. EEX Group price list Page 26

27 5. Training 5.1. EEX Courses EEX on-site Courses per person 2-Day Intensive Training Exchange Trading including EEX Trader Exam 1 2,000 EEX Exchange Trader preparatory tool (voluntary E-Learning) * 400 EEX Exchange Trader EEX System Training (mandatory E-Learning) * 250 EEX Trader Exam (mandatory on-site) 200 E-learning Training Trade Registration including Exam Trade Registration EEX Spot Market Emission Certificates 3 Half-Day Training Spot Market Emission Rights in-cluding EEX Exam Spot Market Emission Rights (voluntary, on-site) 400 System Training (mandatory E-Learning) 0 EEX Exam Spot Market Emission Rights (mandatory on-site) 0 Energy Trading Simulations 900 per day Training Introduction to Exchange Trading (also available as E-Learning 2 ) 400 Clearing 600 Principles of option trading 950 Visitor Groups (max. 20 persons) 1,400 flat Accounting under German Commercial Code (HGB) and IFRS (on-site) Persons who prove that they have been assigned with the supervision of exchanges or central counterparties on a professional basis may participate in the EEX Exchange Trader Certificate Course including the examination free of charge. In these cases no certificate will be issued. However, after having paid the full fee these persons are free to request the certificate within three years after they have taken the examination. The assigned login data for the e-learning portal becomes void by the end of the 12th month (for Trade Registration by the end of the 6th month) after its distribution to the respective user. The Half-Day Training Spot Market Emission Rights comprises the primary auction and secondary trading of Emission Rights. The System Training Spot Market Emission Rights is offered together with the EEX Exam Spot Market Emission Rights only. If required, all training courses (except Visitor Groups) can also be offered in-house whereupon the training Accounting under German Commercial Code (HGB) and IFRS is only offered for 6 Persons as a minimum. In addition to the participant fee listed above, for in-house events (except EEX Trader Exam and Training Spot Market Emission Rights in Leipzig, Germany and Europe) a flat fee is charged per day, the amount of which depends on the place and the number of days. EEX Group price list Page 27

28 Fees for In-house Trainings and Events 1 day courses Each additional day In Leipzig In Germany 1, In Europe 2,300 1,400 Outside Europe individually individually Expenses arising due to the use of portable computers of third parties for in-house events including but not limited to fees for delivery and rental fees are not included in the Additional Fees for In-house Trainings and Events and will be charged separately. Up to 14 days prior to the participation in a training session, a change of the training date is free of charge. Otherwise we charge a change fee of 100 per participant. Up to 14 days prior to the booked participation in a training session, a cancellation in writing is free of charge. Otherwise we charge a cancellation fee of 50 % of the respective participant s fee. Should the registered person not be able to attend, we accept a replacement at no additional cost. The cancellation fees are also payable if the participant, after enrolling in a training or event, does not participate in the booked training or event without a valid reason. In-house trainings may be cancelled in writing free of charge up to 14 days prior to the training session. Otherwise we will only charge 50 % of the respective additional fee for in-house trainings and events. The booking of an E-Learning offer may be cancelled in writing at any time against payment of 50 per person and per booked offer as long as the respective login data is still valid and the user name concerned has not been logged on to the E-Learning portal yet. EEX Group price list Page 28

29 5.2. EPEX Courses The prices shown are for one user with unlimited access for one year. For more information or package prices for up to 10, 20 or more users, please contact the EPEX E-Learning Team EPEX E-Learning General per person EPEX SPOT trading handbook* 500 Kit EPEX SPOT exam* % 650 EPEX SPOT trading handbook for non-members 650 * available to EPEX SPOT members only % One free training per new member in the first year EPEX E-Learning Clearing per person package prices Basics about clearing and focus on ECC 500 The ECC clearing process EPEX E-Learning Power per person package prices What is a power system? 450 What is a power exchange? 450 1,150 Participating in the electricity wholesale market 450 Market Coupling in Europe How to fight against VAT fraud? EPEX E-Learning Flow-Based courses in collaboration with the French TSO Réseau de Transport d'electricité (RTE) per person package prices Refresh your knowledge about TSOs and ATC 650 1,000 Understand Flow-Based methodology 650 Learn more about Flow-Based capacity calculation 650-2,000 Grasp Flow-Based parameters and the impacts for traders EEX Group price list Page 29

30 6. Info-Products Info-Vendor Products Prices for Info-Vendor products with the right of commercial use of the data are agreed bilaterally. Info-User Products The Info-User Products listed in the table below comprise the following access and usage rights: Electronic access to the FTP Internal usage rights regarding the market data provided No right to publish, to distribute or for commercial usage Info-User Power Info-User Natural Gas Info-User Environmental Info-User Coal & Oil Info-User Freight Info-User Metals Info-User Agriculture End-of-Day Data (historical) one-time 900 one-time 480 one-time 360 one-time 360 one-time 360 one-time 480 one-time End-of-Day Data (current) 100 per month 75 per month 40 per month 30 per month Delayed Data (historical) one-time one-time one-time 720 one-time Delayed Data (current) 200 per month 200 per month 150 per month 60 per month 30 per month per month per month one-time 150 per month Info-User Transparency Data Power Info-User Transparency Data EuroWind Info-User Transparency Data Gas BE/NL or CZ CH or DE/AT GB or HU 50 per month and country 80 per month DE/AT 75 per month AT, CZ or DE 30 per month and country 30 per month and country EEX Group price list Page 30

31 CZ or NL AT, CH or DE BE, FR, GB, HU or IT REMIT RSS-Feed Power 70 per month and country 100 per month and country 40 per month and country REMIT RSS-Feed Gas Ad-hoc Ticker RSS-Feed AT, BE, CH, CZ, DE, FR, GB, HU or IT 30 per month and country All available countries 40 per month SMS Alert for power spot markets Annual fee per user Intraday Continuous Market 200 Day Ahead Auction 120 Dedicated environment for the development of realtime interfaces with EPEX SPOT trading systems read & write per year M7 (ex ComXerv) EPEX SPOT intraday continuous trading system 6,000* ETS EPEX SPOT Day-Ahead trading system 6,000* * 10,000 for both APIs EEX Group price list Page 31

32 7. Compliance Services 7.1. Publication of inside information and forwarding of data in accordance with REMIT and MAR This service comprises receipt, publication and forwarding of inside information regarding the business and the capacity, use and unavailability of facilities in accordance with: REMIT (EU) 1227/2011 Art. 4 Paragraph 1, Art. 8 Paragraph 5 MAR (EU) 596/2014 Art. 17 Paragraph 2 The data delivery contract contains further details on this. The data is published on the EEX transparency platform ( The following fees will be charged for the services specified above: Disclosure of inside information for the capacity, use and unavailability of facilities Reporting companies with physical facilities Reporting companies without physical facilities MINI /month SMALL (< 5 units) /month MEDIUM ( 5 to < 10 units) /month LARGE ( 10 units) /month Disclosure of other inside information for the business and facilities Ad-hoc Ticker (REMIT and MAR) via TR-Tool free of charge 150 /month 5 Ad-hoc Ticker (REMIT) via Online Tool /month 150 /month Ad-hoc Ticker (MAR) via Online Tool /month 150 /month For customers who concluded a data delivery contract effective as of 1 October 2017, which exclusively report units with a capacity of less than 100 MW in the field of power production. A unit is the smallest component of a facility for which messages regarding capacity, use and unavailability are required according to Regulation (EU) 1227/2011. The number of units is summed up across all commodities, stages of the value chain and countries. In the field of power production, units with a capacity of less than 100 MW are not considered in the calculation. Up to 3 certificates per reporting company are provided. The Online Tool is also available as an emergency channel for companies with physical facilities in order to safeguard their reporting in case of an outage of their IT reporting infrastructure. Up to 3 certificates per reporting company are provided. 5 For customers who concluded a data delivery contract before 30 September The service is not available after that date. EEX Group price list Page 32

33 7.2. Forwarding of fundamental data to ENTSO-E (Art. 4, 7, Regulation (EU) 543/2013) This service comprises forwarding of power production and consumption data to ENTSO-E in accordance with the requirements of Regulation (EU) 543/2013 and the Manual of Procedure of ENTSO-E. Detailed provisions on this are contained in the data delivery contract. The following fees are charged for the service described above: Forwarding for facilities SMALL (< 5 units)* MEDIUM ( 5 to < 10 units)* LARGE ( 10 units)* Fee 200 per month 325 per month 450 per month * A unit is the smallest component of a facility for which messages according to Regulation (EU) 543/2013 are required. The number of units is summed up for the commodity power and the stages of the value chain production and consumption for all countries of the contract holder Forwarding of transaction data to ACER or third parties (Art. 8 Section 1 Regulation (EU) 1227/2011) The service comprises the provision of the own order and transaction data (basic service) and their forwarding to ACER (additional service) in accordance with the provisions of the Regulation (EU) 1227/2011, the implementing regulation and the respectively current specifications, standards and data formats. More detailed provisions on this are contained in the REMIT Data Services Agreement. As an alternative to direct forwarding of the data specified to ACER, provision to another Registered Reporting Mechanism (RRM) approved by ACER can also be chosen. Depending on the number of OMP Groups 1) selected, the following fees are charged for the services specified above: Basic Service Data provision to the Market Participant Reporting to ACER Additional Service Provision of Data to ElCom EFETnet One OMP Group 3), 4) 250 per month Free of charge Two OMP Groups Three OMP Groups 450 per month 600 per month This is only offered in connection with the basic service 100 per month 100 per month 2) 1) 2) 3) 4) The following OMP Groups may be selected: - OMP Group EEX: EEX regulated market and/or EEX OTF - OMP Group EPEX: EPEX SPOT SE and/or EPEX SPOT Belgium SA - OMP Group Powernext: Powernext Spot and regulated market and/or Powernext OTF Please note that any fee charged by EFETnet towards EEX will result in an adjustment of this fee at the time of the former s introduction without any further discretion. For EPEX SPOT SE and EPEX SPOT Belgium SA members which are admitted to trading in only one of the previous APX markets as of 31 December 2016, a fee of 175 /month will apply in For Powernext members which are admitted as passive members and only to trading in CEGH markets as of 30 November 2016, a fee of 90 /month will apply in EEX Group price list Page 33

34 7.4. Forwarding of position- and transaction data to the AMF and/or BaFin (Art. 58 MiFID II and Art. 26 MiFIR) The service comprises the provision of position and transaction data of the respective market participant for EEX and Powernext. The market participant will be able to review and amend his data, which is then forwarded to BaFin and AMF to fulfil the regulation under MiFID II and MiFIR. Further information may be found in the MiFID II/ MiFIR Data Services Agreement. MiFID II Data Services Basic Service free of charge 1 Additional Service 1 free of charge 1 Additional Service / per Month 2 Additional Service 3 free of charge 1 Additional Service 4 on request 1 MiFIR Data Services Basic Service free of charge 1 / on request 3 Additional Service 1 free of charge 1 Additional Service 2 free of charge 1 Additional Service 3 on request 3 1 for members of the EEX or Powernext as Non-Investment or Investment Firms. 2 for non-members of the EEX or Powernext, who are participating via members as a third party 3 for members of the EEX or Powernext as Investment Firms ECC EMIR Trade Reporting Service ECC offers Trade Reporting Services which allow members to delegate trade reporting obligations according to EMIR Art. 9 to ECC. Trade Reporting Services are provided by ECC. ECC charges a monthly fixed fee of 200 per member for the provision of EMIR Trade Reporting Services. EEX Group price list Page 34

35 8. Mistrade Fees and Cancellation Fees 8.1. Power Spot Type of order cancelling or entering Order entering or cancellation on the day-ahead and intraday 15-min. auction market segment or order cancellation on the Continuous Intraday Market Order entering on the Continuous Intraday Market (when the member does not have access to the trading system for reasons outside of EPEX Spot control) Trade cancellation on the Continuous Intraday Market at a member s request in case of a mistrade* Trade cancellation in EuroLight UK Fee 50 / per order 200 / per order 3,000 / trade 1,000 / contract * These fees apply only to the party requesting the cancellation In case EPEX SPOT decides ex officio to cancel a transaction because of a manifest error, the member(s) who benefited financially from the cancellation shall pay a fee of 5, Power Derivatives, Environmental, Agricultural and Global Markets Product Power Derivatives Environmental markets EEX Agricultural products** Fee Companies that have a quotation obligation towards the exchange or towards the EEX OTF: 500 Other exchange participants: 0.10 per MWh multiplied by the contract volume*, at least 1,000 and at the most 3,000, however, per mistrade request. 500 Coal, EEX Freight 5,000 * Combined trades are not considered for calculating the fees. ** Mistrade fees will be applied per executed order, not solely per trade. EEX Group price list Page 35

36 8.3. Natural Gas Contract Fee (Contract quoted in ) Fee (Contract quoted in ) Spot all Month Contracts 1, Derivatives (incl. respective OTF) Quarter Contracts 1,500 1,200 Season Contracts 2,000 1,600 Calendar Contracts 2,500 2,000 At TTF, PEG Nord, TRS, ZTP, ZEE, GASPOOL, NCG, NBP, PSV, PSV Fin, ETF or CEGH VTP for cancelling a Transaction related to a Spread between Products or an Implied Order, only one of the resulting transactions is invoiced. These fees shall be charged only to the party requesting the cancellation. If a cancellation concerns multiple Transactions, only the fee applicable to the longest maturity or the most important volume will be applied. EEX Group price list Page 36

37 9. Fee for excessive use of trading systems 9.1. T7 In case of excessive use of EEX s trading system T7, by entering, changing, or deleting disproportionately many orders (Entries) of one trading participant per ex-change or trading day, EEX AG charges a tiered fee (ESU Fee) to mitigate negative effects to the stability of the systems of EEX and of OTF and the integrity of the markets of EEX (including the OTF). The Entries are calculated according to the following rules: Entry and Deletion of an order, respectively: each one entry Change of an order: two entries Entry of combined orders: two entries or as many entries as individual orders, respectively Quotes: two entries No entry: measures conducted by the trading systems, e.g. deletion of orders Disproportionately many Entries of one trading participant are existent, if the number of Entries of that trading participant per executed transaction per exchange or tradingday is greater than the free number of Entries determined for the respective product and market segment (Entry-Transaction-Ratio), whereas the Entry-Transaction-Ratio for one transaction is also valid, if no transaction has been executed. The Entry-Transaction-Ratio per product and market segment amounts to: Product Market Segment Entry-Transaction-Ratio Power Derivatives Market 60,000 Emission Rights Derivatives Market 30,000 Spot Market Coal Guarantees of Origin Derivatives Market Derivatives Market 5,000 The Excessive System Usage Fee will be charged solely for the Entries that constitute the excessive use of EEX s or OTF s trading systems (Exceedance). The amount of the Excessive System Usage Fee will be determined for each Exceedance subject to the level of exceedance (up to and including 50 %, over 50 % up to and including 100 %, over 100 %): Product Power Emission Rights Coal Market Segment Derivatives Market Derivatives Market Spot Market Derivatives Market Factor for Exceedance (in ) 50% > % >100% Guarantees of Origin Derivatives Market EEX Group price list Page 37