At the Centre of European Energy Trading

Transcription

1 At the Centre of European Energy Trading connecting markets

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3 EEX the one-stop shop for energy trading and clearing Products & Services

4 trading participants from countries 1 USA 2 Finland 5 Norway 1 Sweden 43 Great Britain 6 Denmark 2 Ireland 7 Netherlands 10 Poland 1 80 Germany Belgium 4 3 Luxembourg Czech Republic 2 Slovakia 13 France 14 Switzerland 11 Austria 3 Hungary 4 Slovenia 1 Romania 14 Italy 7 Spain 1 Greece As of: January United Arab Emirates 2

5 Spot and derivatives markets A large number of commodities Trading, clearing and delivery Physical and financial markets A range of market areas connecting markets EEX at a glance The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and related products. On the EEX markets, power, natural gas, CO 2 emission allowances, coal and guarantees of origin are traded. Clearing as well as financial and physical settlement of all trading transactions are provided by European Commodity Clearing (ECC). ECC is a subsidiary of EEX and also provides clearing services for other European exchanges. EEX Group has its headquarters in Leipzig with offices in London, Paris and Brussels. 3

6 EEX Milestones 2002 Establishment of EEX in Leipzig through the merger between the LPX and EEX power exchanges Trading on the Power Spot and Derivatives Market 2005 Launch of trading in emission allowances on EEX 2006 Spin-off of the clearing business into ECC and launch of coal trading on EEX 2007 Launch of natural gas trading on EEX 2008 Launch of the cooperation between EEX and Powernext in power trading, establishment of EPEX SPOT SE 2009 Launch of the Transparency in Energy Markets transparency platform 2010 Launch of the primary market auctions of emission allowances on behalf of the Federal Republic of Germany 2011 Launch of 24/7 gas trading and expansion of the Spot Market with the TTF market area 2012 EEX carries out auctions on behalf of the EU Commission and of 24 EU member states 2013 Launch of the EEX-Powernext cooperation on the gas market establishment of PEGAS Advantages of trading on EEX One-stop shop for trading in power, natural gas, emission allowances and coal A comprehensive network of trading participants Access to the most liquid trading in financial power futures referencing the Phelix European reference price index All EEX products tradable via Trayport s GlobalVision SM Advantages resulting from cross-margining across all positions at the ECC clearing house 4

7 Management Board of EEX AG Peter Reitz Chief Executive Officer Dr. Thomas Siegl Chief Risk Officer Steffen Köhler Chief Operating Officer Iris Weidinger Chief Financial Officer Core business parameters Unit Change * Power Derivatives Market Natural Gas Spot and Derivatives Market Emission Allowances Spot and Derivatives Market Guarantees of Origin for Green Power Derivatives Market TWh 1, % TWh % million t CO % GWh 466 n/a n/a * Percentages are based on the unrounded market figures. 5

8 Security through clearing European Commodity Clearing (ECC) guarantees the payment and delivery of all trading transactions concluded on the exchange. It has a banking licence as a central counterparty. Default protection is guaranteed through a multi-tier collateral system. As the main central clearing house in Europe, ECC provides services for other trading platforms and is continuously developing new markets and cooperations. In addition to EEX, partner exchanges include the CEGH Gas Exchange of the Vienna Stock Exchange, EPEX SPOT, HUPX, NOREXECO, Powernext and PXE. Further information available at: Trade Registration Service ECC clears the products of its partner exchanges as well as over-the-counter trades registered for clearing through these exchanges (Trade Registration). In addition, EEX and ECC offer this Trade Registration service for other European energy contracts, such as power futures in Italy, Romania, Switzerland and Scandinavia. By the clearing of all products as a one-stop-shop solution, the trading participants benefit from standardised processes and netting effects. 6

9 The reference prices established by the exchange increase transparency in the energy markets and strengthen the participants confidence in the trading process. Dr.-Ing. Dr. Tobias Paulun, Director Strategy & Market Design, Managing Director Exchange Reference prices for Europe Phelix Reference price for power The Physical Electricity Index (Phelix) comprises the base load price index (Phelix Base) and the peak load price index (Phelix Peak) published daily on the Power Spot Market for the German/ Austrian market area. The Phelix is established by EPEX SPOT and it is used as the underlying for the EEX Phelix Future. EGIX Reference price for natural gas The European Gas Index (EGIX) is based on the exchange trading transactions concluded in the respective current front month contracts (GASPOOL, NCG). The EGIX corresponds to the respective current market price for gas deliveries in the next month and, as a result, it is ideally suited to gradually replace or supplement delivery contracts based on natural gas substitutes (e.g. oil or coal). ECarbix Reference price for EU emission allowances The European Carbon Index (ECarbix) is calculated and published as an exchange price-based price for the current market value for EU emission allowances (EUA) in the third trading period. This index includes prices from continuous trading and from the primary market auctions. Further information on the indices: trading/indices 7

10 Products and trading times Power Spot Market Natural Gas Spot Market Day-ahead auction (CH) Day-ahead auction (DE/AT, FR) Auction: 11 am CET Auction: 12 am CET Intraday (DE, AT, FR, CH) 24/7 Quality-specific H- and L-gas 24/7 (GASPOOL, NCG) Global Gas (GASPOOL, NCG, TTF) Global Gas 8:30 am 6 pm CET (PEG NORD, 8:30 am 6 pm CET PEG SUD, PEG TIGF) Power Derivatives Market Natural Gas Derivatives Market Phelix Futures (DE/AT) 8 am 6 pm CET Phelix Options (DE/AT) French Power Futures (FR) Dutch Power Futures (NL) Belgian Power Futures (BE) Guarantees of Origin On Thursdays: Alpine Hydro 1 pm 4 pm CET Nordic Hydro Central Northern European Wind Physical Gas Futures (GASPOOL, NCG) Physical Gas Futures (TTF, PEG NORD, PEG SUD) 8:30 am 6 pm CET Power Trade Registration Natural Gas Trade Registration Intraday products Spot Market (EPEX SPOT) All Derivatives Market products Further European Power Futures (RO, Scandinavia, IT, CH) UK National Balancing Point (NBP) All Derivatives Market products (GASPOOL, NCG, TTF, PEG NORD, PEG SUD) 8

11 We offer our trading participants a broad range of energy and related products, as well as first-class support by the Market Supervision Department. Wolfgang Treber, Head of Market Supervision Emission Allowances Spot Market Primary market (auctions) EU Emission Allowances (EUA) for 26 EU Member States, including Germany and Poland Auction: 11 am CET A current overview of all products is available at: Secondary Market Trading time: EU Emission Allowances (EUA) 8 am 6 pm CET EU Aviation Allowances (EUAA) Green Certified Emission Reductions (Green CER) Emission Allowances Derivatives Market Coal Derivatives Market Secondary Market EUA Futures EUAA Futures CER Futures ERU Futures Maturities until 2020 Trading time: 8 am 6 pm CET Trade Registration: 8 am 6:45 pm CET Financial Futures (ARA and RB) 8 am 6 pm CET Emission Allowances Trade Registration Coal Trade Registration All spot and derivatives market products on the secondary market Financial Futures (ARA and RB) ARA Euro Futures RB Euro Futures 9

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13 Power Power EEX and EPEX SPOT Markets and Products

14 Power 1, TWh trade volume on the Derivatives Market in 2013 TWh trade volume on the Spot Market of EPEX SPOT in 2013 Market Segments Spot Market Trades are either fulfilled physically on the same day (intraday), or on the next day (day-ahead and intraday). The spot market permits the short-term optimisation of procurement and sale. Derivatives Market Trading transactions are only fulfilled financially or physically at a specific time agreed in advance. The derivatives market facilitates mediumto long-term portfolio optimisation. Hedging against risks of price changes is possible for up to six years in advance. Trade Registration Trades concluded bilaterally can be registered on the exchange for clearing. The clearing house provides protection against payment and delivery default. The Power Spot Market for Germany, France, Austria and Switzerland is operated by EPEX SPOT, a joint venture between EEX and the French Powernext. Further information on EPEX SPOT is available at: 12

15 Power The EEX runs Europe s most liquid and internationally cleared power market. Tim Greenwood, Head of Sales Power, Emissions & Training Products Spot Market Contracts Spot Market Day-ahead auction Auction: 11 am CET (CH) Day-ahead auction Auction: 12 am CET (DE/AT, FR) Intraday (DE, AT, FR, CH) 24/7 Day-ahead Market Hour and block contracts (DE/AT, FR, CH) Intraday market: Hour and block contracts (DE/AT, FR, CH) 15-minute contracts (DE, CH) Products Derivatives Market Contracts Derivatives Market Phelix Futures (DE/AT) 8 am 6 pm CET Phelix Options (DE/AT) French Power Futures (FR) Dutch Power Futures (NL) Belgian Power Futures (BE) Upcoming: Spanish Power Futures (ES) and Italian Power Futures (IT) Guarantees of Origin On Thursdays: Alpine Hydro 1 pm 4 pm CET Nordic Hydro Central Northern European Wind Products Trade Registration Phelix Futures Day, Weekend, Week, Month, Quarter and Year Futures Phelix Options Month, Quarter and Year Futures French Power Futures Week, Month, Quarter and Year Futures Dutch Power Futures Month, Quarter and Year Futures Belgian Power Futures Month, Quarter and Year Futures Intraday products Spot Market (EPEX SPOT) All Derivatives Market products 24/7 24/7 8 am 6 pm CET Guarantees of Origin Two maturities per year Further European power futures (RO, Scandinavia, IT, CH) 13

16 Secure and professional settlement of transactions legally, technically and fnancially Spot Market Day-ahead Market EPEX SPOT organises day-ahead auctions for the German/Austrian, French and Swiss market areas. Blind auction procedures, on seven days a week, all year round 24 hours of the respective next day can be traded, hour and block contracts Integrated into market coupling (depending on the market area) Trading via the EPEX trading system (ETS) Establishment of the Phelix (Physical Electricity Index) the reference price on the European wholesale market At a glance Germany/Austria Bid types Place of delivery Contract size Tick size Time of auction Hours, blocks Within the TSO zones of 50Hertz Transmission GmbH, Amprion GmbH, TenneT TSO GmbH, TransnetBW GmbH and Austrian Power Grid AG 0.1 MW 0.1 per MWh 12 am CET France Bid types Place of delivery Contract size Tick size Time of auction Hours, blocks Within the French transmission system managed by RTE 0.1 MW 0.1 per MWh 12 am CET Switzerland Bid types Place of delivery Contract size Tick size Time of auction Hours, blocks Within the zone managed by Swissgrid 0.1 MW 0.1 per MWh 11 am CET 14

17 The integration of the European power spot markets constitutes the core objective and the expertise of EPEX SPOT. Power Thomas Drescher, Head of Market Operations Leipzig Spot Market Intraday Market Power for the German, Austrian, French and Swiss market areas can be traded on the intraday market. Continuous trading and pricing (24/7) Contracts tradable up to 45 minutes before the beginning of delivery (Austria and Switzerland: 75 minutes) Hour and block contracts available for trading Flexible portfolio balancing through fifteen-minute contracts on the German and Swiss markets Cross-border trading between Germany, Austria, France and Switzerland Your advantages Buying or selling of volumes which could not be traded in the auction Possibilities of very short-term portfolio optimisation, e.g. in the event of a power plant outage or changed weather conditions Lower balancing costs as a result of highly developed optimisation options and a more efficient utilisation of capacities Permits arbitrage between neighbouring counties and creates opportunities for bordercrossing trading At a glance Bid types Place of delivery Contract size Tick size Trading hours Hours, blocks, fifteen-minute contracts (only DE and CH), Trade Registration for trades concluded off the exchange Germany: Within the following TSO zones: 50Hertz Transmission GmbH, Amprion GmbH, TenneT TSO GmbH, TransnetBW GmbH Austria: Austrian Power Grid AG France: Within the French transmission grid managed by RTE Switzerland: Swissgrid 0.1 MW 0.01 per MWh 24/7 15

18 Contact On average, a volume of Sales Power 4.8 Phone: TWh was sales@eex.com traded in Phelix Futures per day in Derivatives Market Phelix Futures The Phelix Future is a financial derivatives contract referring to the average power spot market prices of future delivery periods on the German/Austrian market area. Base load, peak load and off-peak are the tradable load profiles. Maturities offered for trading comprise Day and Weekend Futures, Week, Month, Quarter and Year Futures. The Phelix Day Base and Phelix Day Peak indices constitute the underlyings. Physical fulfilment of futures positions on the Spot Market is available as an option. At a glance Maturities Delivery rate Tick size Fulflment Trading hours Days, weekends, the current week and the next four weeks, the current month and the next nine months, the next eleven quarters and the next six years 1 MW 0.01 per MWh Cash settlement Exchange trading: 8 am to 6 pm CET Trade Registration: 8 am to 6 pm CET Derivatives Market Phelix Options EEX offers trading in options on the Phelix Base Future (Month, Quarter, Year). In addition, EEX offers four expiry dates for options on Phelix Base Year Futures, the so-called Short Dated Options. Regardless of the different maturities, the corresponding futures position of the underlying asset is booked upon exercising of the option. At a glance Maturities Delivery rate Tick size Fulflment Trading hours The respective next five delivery months, six delivery quarters and the respective next three to four delivery years of the underlying. Up to four contracts with different expiry dates* (each at the end of a quarter in the preceding year) are available for every delivery year of the underlying. 1 MW per MWh Contractually fulfilled Exchange trading: 8 am to 6 pm CET Trade Registration: 8 am to 6 pm CET * The following expiry dates are available per underlying: Expiry at the end of March: Phelix-Base-Year-Apr-Option Expiry at the end of June: Phelix-Base-Year-Jul-Option Expiry at the end of September: Phelix-Base-Year-Oct-Option Expiry at the end of December: Phelix-Base-Year-Jan-Option New maturities will be introduced for trading so that 12 expiry dates regarding the next 3 to 4 delivery years of the underlying can be traded at any time. 16

19 Derivatives Market French Power Future The French Power Future can be traded both as a financial and as a physical future. It is a derivatives contract for the French market area referring to the average prices on the Spot Market of EPEX SPOT. Power Base load, peak load and off-peak are the tradable load profiles. The French Day Base or the French Day Peak Month index constitutes the underlying. In the case of financial futures, the option of physical settlement of futures positions on the Spot Market is available. At a glance Maturities Delivery rate Tick size Fulflment Trading hours The current week and the next four weeks, the current and the next six months, seven quarters and six years 1 MW 0.01 per MWh Cash settlement or physical fulfilment Exchange trading: 8 am to 6 pm CET Trade Registration: 8 am to 6 pm CET Derivatives Market Dutch Power Future The Dutch Power Future is a physical future for the Dutch market area. Base load and peak load are the tradable load profiles. Maturities offered for trading comprise Month, Quarter and Year Futures. At a glance Maturities Delivery rate Tick size Fulflment Trading hours The current and the next six months, seven quarters and six years 1 MW 0.01 per MWh Physical delivery Exchange trading: 8 am to 6 pm CET Trade Registration: 8 am to 6 pm CET Derivatives Market Belgian Power Future The Belgian Power Future is a physical future for the Belgian market area. Base load is the tradable load profile. Maturities offered for trading comprise Month, Quarter and Year Futures. At a glance Maturities Delivery rate Tick size Fulflment Trading hours The current and the next six months, seven quarters and six years 1 MW 0.01 per MWh Physical delivery Exchange trading: 8 am to 6 pm CET Trade Registration: 8 am to 6 pm CET 17

20 466,000 Guarantees of Origin were traded in Derivatives Market Guarantees of Origin Guarantees of Origin (GoO) are certificates which confirm that a given Megawatt Hour of power has been generated from renewable resources. These are exclusively issued for disclosure and transparency purposes and they are cancelled upon use. Trading in Guarantees of Origin on EEX is not connected with the delivery of power. EEX offers three products on the Derivatives Market: Nordic Hydro Guarantees of Origin for Hydropower from Scandinavia (Denmark, Finland, Norway and Sweden) Alpine Hydro Guarantees of Origin for Hydropower from the Alpine region (Germany, Austria and Switzerland) Central Northern European Wind Guarantees of Origin for Wind Power from north-western Europe (Belgium, Denmark, Germany and the Netherlands) Guarantees of Origin can be traded up to three years into the future. There are two maturities per year. At a glance Maturities Minimum contract size Tick size Fulflment Trading hours Two maturities per year: March December 1,000 MWh (1,000 GoOs) per MWh 1.00 per contract Physical settlement Continuous trading on Thursdays from 1 pm to 4 pm CET Trade Registration on every exchange trading day from 8 am to 6 pm CET 18

21 With its entry into the market for Guarantees of Origin, EEX has established an exchange trading platform for a product which has exclusively been traded over-the counter so far. Power Miriam Brandes, Strategy & Market Design Your advantages Guarantees of origin provide energy suppliers with the confirmation that a given Megawatt Hour of power has been generated from renewable resources. Guarantees of Origin fulfil the standards of the EU Directive 2009/28/EC and of the European Energy Certificate System (EECS) of the Association of Issuing Bodies. This first exchange platform for derivatives products creates transparency on the market for Guarantees of Origin. New customers registering for trading in Guarantees of Origin do not have to pay any membership fees in the first year. Products The products which can be traded on EEX bundle the energy sources of Hydropower and Wind Power on important European markets. DK FI NO SE Nordic Hydro Central Northern European Wind BE DE DK NL AT CH DE Alpine Hydro 19

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23 Natural Gas Natural Gas EEX Markets and Products 21

24 140 participants in natural gas trading Natural Gas PEGAS Pan-European Gas Cooperation PEGAS is the name of the cooperation between the European Energy Exchange (EEX) and Powernext. In the framework of this cooperation, both companies have combined their natural gas markets to create a pan-european gas offering. Members benefit from the ability to access spot and derivatives market products for the German, French and Dutch market areas. This is easily accessed via the Trayport platform. PEGAS your advantages For more information: All EEX and Powernext products can be traded on one single platform, the Trayport Exchange Trading System SM (ETS). PEGAS is the only platform that enables participants to trade location spreads between Dutch, French and German gas products on an exchange. Trading processes for all cooperation products are simplified through the common clearing house, European Commodity Clearing (ECC). PEGAS provides cross-margin benefits for all products. Both exchange trading and Trade Registration are available. 22

25 The gas derivatives market enables trading participants to hedge against future price risks in a secure way, while the spot market provides 24/7 trading for the short-term optimisation of physical portfolios. Louis Hems, Head of Sales Natural Gas & Coal Natural Gas Market area Spot Market Contracts Spot Market Covered by EEX GASPOOL NetConnect Germany (NCG) Title Transfer Facility (TTF) Quality-specific gas trading New at GASPOOL and NCG 24/7 Day contracts Weekend contracts Within-Day contracts Covered by Powernext PEG NORD PEG SUD PEG TIGF 8:30 am 6 pm CET Market area Derivatives Market Contracts Derivatives Market Covered by EEX 8:30 am 6 pm CET GASPOOL NetConnect Germany (NCG) Covered by Powernext Title Transfer Facility (TTF) PEG NORD PEG SUD 8:30 am 6 pm CET Month Futures Quarter Futures Season Futures Year Futures Market area Trade Registration Contracts Trade Registration UK National Balancing Point (NBP) All Derivatives Market products 8 am 6 pm CET Month Futures Quarter Futures Season Futures Year Futures 23

26 110 TWh total trade volume on the EEX Natural Gas Market in % as against previous year Market areas covered by PEGAS Spot and Derivatives TTF GAS- POOL Spot and Derivatives Spot and Derivatives PEG NORD NCG Spot and Derivatives PEG SUD Spot and Derivatives Spot PEG TIGF Location Spreads Contact Sales Natural Gas Phone London: Phone Leipzig: sales@eex.com 24

27 Quality-specifc gas products tradable since October 2013 on German market areas (GASPOOL and NCG) Natural Gas New Spot Market Quality-specific gas products The spot market permits anonymous, transparent and non-discriminatory 24/7 trading of quality-specific gas products. A large number of trading participants permit pricing in line with the market. Quality-specific gas products support the further reduction of the conversion fee and contribute to declining control energy prices. At a glance Subject of the contract Trading platform Pricing Delivery Delivery of qualityspecific H- or L-gas Trayport ETS SM per MWh to the third decimal place The trading participant cannot use the conversion system within the market area but is obliged to cause the required physical effect in the gas quality traded. Delivery period VTP Contract size Tick size Trading hours Within-Day, Day Ahead, Weekend, Individual days (Saturday, Sunday and UK bank holidays) Covered by EEX: GASPOOL, NCG 1 MW per MW multiplied with the contract s volume 24/7 25

28 Spot Market Day and Weekend contracts Short term optimisation of physical portfolios Day and Weekend trading available 24/7 At a glance Delivery period VTP Contract size Tick size Trading hours Day, Weekend Covered by EEX: GASPOOL, NCG, TTF Covered by Powernext: PEG NORD, PEG SUD, PEG TIGF 1 MW per MW multiplied with the contract s volume EEX: 24/7 Powernext: 8:30 am to 6 pm CET Spot Market Within-Day contracts Intraday trading using the Within-Day product improves the efficiency of procurement and sales as well as the trading portfolio. Contract for the remaining delivery hours of the current gas trading day with a lead time of three hours Reduces costs for balancing energy Market-based asset optimisation for natural gas transport, natural gas storage capacities and interruptible gas supply contracts 24/7 Within-Day trading At a glance Delivery period VTP Contract size Tick size Trading hours Within-Day Covered by EEX: GASPOOL, NCG, TTF Covered by Powernext: PEG NORD, PEG SUD, PEG TIGF 1 MW per MW multiplied with the contract s volume EEX: 24/7 Powernext: 8:30 am to 6 pm CET 26

29 Natural Gas Derivatives Market Month, Quarter, Season and Year Futures Medium- to long-term market for the optimisation of portfolios Opportunity to hedge against future price and volume risks At a glance Delivery period VTP Contract size Tick size Trading hours Month, Quarter, Season, Year Covered by EEX: GASPOOL, NCG Covered by Powernext: TTF, PEG NORD, PEG SUD 1 MW and 10 MW, two separate order books per MW multiplied with the contract s volume EEX: 8:30 am to 6 pm CET Powernext: 8:30 am to 6 pm CET Trade Registration Only NBP Gas Futures Automated trade flow: Trades can be directly registered on EEX by the broker. Cross-Margining savings: The ECC Cross-Margining across all products and partner exchanges results in significant potential savings for the trading participants. Physically delivered contracts for the respective next six months, seven quarters and six seasons are available for clearing. Week and year contracts are available on request. The minimum tick size is pence per therm. 27

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31 Emission Allowances Emission Allowances EEX Markets and Products

32 million t CO 2 trade volume 850in 2013 Emission Allowances Advantages of trading on EEX Access to the emissions trading scheme for EU ETS allowances (EUA, EUAA) and Kyoto credits (CER, ERU) Participation in EEX emissions auctions held on behalf the European Commission/24 EU Member States as well as for Germany and Poland Fulfilment of corporate emissions trading commitments and hedging of costs of emission allowances Large and diversified network of trading participants Cost-efficient membership options for trading emissions and auction-only Safe clearing and settlement via the ECC clearing house Trading in Emission Allowances on EEX EEX has offered trading of emission allowances on the basis of the EU Emissions Trading Scheme (EU ETS) since EEX currently runs a secondary market for continuous trading on a Spot and Derivatives basis for EU ETS allowances (EUA, EUAA) and Kyoto credits (CER, ERU). In addition to the secondary market, EEX conducts large-scale primary auctions of emission allowances on behalf of the European Commission/24 EU Member States as well as for Germany and Poland, held four days per week. In the framework of these auctions, Emission Allowances are issued to the market participants for the first time. In addition, EEX is a cooperation exchange of the European Investment Bank in the framework of the so-called NER300 Initiative. 30

33 EEX has established itself as the leading auction platform for emission allowances in the EU ETS. We will also expand our secondary market offer with further monthly and quarterly maturities to meet market demand. Viviana Ciancibello, Senior Expert Emissions Emission Allowances Spot Market Primary market (auctions) EU Emission Allowances (EUA) for 26 EU Member States, including Germany and Poland Auction: 11 am CET Emission Allowances Secondary Market Trading time: EU Emission Allowances (EUA) 8 am 6 pm CET EU Aviation Allowances (EUAA) Green Certified Emission Reductions (Green CER) Emission Allowances Derivatives Market Secondary Market EUA Futures EUAA Futures CER Futures ERU Futures Maturities until 2020 Trading time: 8 am 6 pm CET Trade Registration: 8 am 6:45 pm CET Emission Allowances Trade Registration All spot and derivatives market products on the secondary market 8 am 6 pm CET 31

34 188participants in emissions trading Access In addition to full membership on EEX, the following access options are possible for trading in emission allowances: Auction-only for the primary market auctions on the spot market Environmental Markets for trading on the primary and secondary market for emission allowances and Guarantees of Origin EEX/Eurex cooperation Together, EEX and Eurex offer their participants a platform for trading in CO 2 emission allowances. In the framework of this cooperation which was launched in December 2007, Eurex participants can trade emission allowances listed on the EEX Derivatives Market through their existing infrastructure and a simplified admission process. Contact Emissions Sales Phone: sales@eex.com 32

35 214auctions carried out in 2013 Emission auctions on EEX Overview Auction EU Auction calendar: auction-calendar Emission Allowances Auctions for 26 EU Member States plus EEA/EFTA countries (Norway, Iceland, Liechtenstein) Represent ~58 % of overall auction volume Weekly auctions on Monday, Tuesday, Thursday, 11 am CET PL Auction Auction Represent ~19 % of overall auction volume Weekly auctions on Fridays, 11 am CET DE Represent ~12 % of overall auction volume Auctions on Wednesdays, 11 am CET Primary market Spot Market The EEX auction model offers simple and easy access to emission allowances auctions for companies of every size. At a glance Contract volume Fulflment Delivery day/maturity Auction 1 EUA (1 t CO 2 ) in lots of 500 t Physical delivery t am CET (see auction calendar) 33

36 Secondary market Spot Market On the EEX Spot Market, continuous trading in emission allowances with delivery on the following day takes place between 8:00 am and 6:00 pm (CET). In this context, the following products are offered: EU Emission Allowances (EUA) EU Aviation Allowances (EUAA) Certified Emission Reduction Units (CER) At a glance Contract volume Fulflment Delivery day/maturity Trading time 1,000 EUA (1 t CO 2 ) Physical delivery t + 1 Trading: 8 am to 6 pm CET Trade Registration: 8 am to 6:45 pm CET 34

37 Emission Allowances Secondary market Derivatives Market On the EEX Derivatives Market, continuous trading in derivatives contracts on emission allowances takes place between 8:00 am and 6:00 pm (CET) on every exchange trading day. On the Derivatives Market, EEX offers trading with maturities up to 2020 for the following products: EUA Futures EUAA Futures CER Futures ERU Futures At a glance Contract volume Fulflment Delivery day/maturity Trading time 1,000 EUA (1 t CO 2 ) Physical delivery t + 2 after last trading day Trading: 8 am to 6 pm CET Trade Registration: 8 am to 6:45 pm CET 35

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39 Coal Coal EEX Markets and Products 37

40 Coal EEX offers exchange trading and Trade Registration of coal futures. Amsterdam-Rotterdam-Antwerp (ARA) and Richards Bay (RB) coal futures referring to API#2 (ARA) and API#4 (RB)* indices can be traded. The contracts are financially settled on the basis of these two indices. Tobias Lucht, Senior Expert Gas & Coal 38

41 Advantages of Trading on EEX Access to more than 150 companies admitted to trading on EEX Exchange trading and Trade Registration available Coal futures referring to API#2 (ARA) and API#4 (RB) * Euro coal contract: Trade Registration of coal swaps denominated in Euro Straight Through Processing (STP) of Trade Registration via EFETnet exrp and Trayport Benefits for trading participants from cross-margining with positions in power, emission allowances and natural gas as well as other positions held by ECC Bilateral contracts not required, assumption of counterparty risk by the clearing house ECC resulting in a significant reduction in credit default risk Coal Access to EEX Coal Futures included in EEX standard membership (incl. technical connection) At a glance Contract Maturities Contract volume Quotation Index Futures on API#2 and API#4 Current month, next six months,seven quarters and six years 1,000 metric tonnes of coal per month $ per tonne with two digits after the decimal point * API#2 and API#4 are used under licence from Argus Media Limited. All copyrights and database rights in the API#2 and API#4 indices belong exclusively to Argus Media Limited/The McCloskey Group Limited. All rights reserved. products/coal 39

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43 Market Access & Fees Market Access & Fees Information for Members

44 Talk to us: We are here to give you as much support as possible with regard to your admission questions. Market access Member Readiness Team: Silke Voigt, Katrin Kretschmer Admission to trading on the EEX markets Various preconditions for admission have to be fulfilled to become a trading participant on EEX. These are laid down in Art. 14 et seq. of the EEX Exchange Rules and in Art. 19 (4) of the German Exchange Act (BörsG). Admission can be applied for separately for the individual markets and products of the exchange. A trading participant can only begin to trade on the EEX markets and register transactions once it has been successfully admitted to the exchange. Proper settlement and collateralisation of transactions require recognition as a trading participant by European Commodity Clearing AG (ECC), the EEX clearing house. Admission as a trading participant can be requested for various membership categories. Contact Do you have questions about admission? Phone: Fax: admission@eex.com 42

45 All the documents required for admission are provided on our website at: access/admission/admission-forms Preconditions for admission Proof of personal reliability and professional qualifications of the person/s holding management authority Liable equity of at least 50,000 Admission to trading on the Power Spot Market is granted by EPEX SPOT. Phone: Admission of at least one trader who has proven personal reliability and who has furnished proof of the required professional qualification (e.g. EEX trader examination) Technical connection to the trading systems Recognition as a trading participant by European Commodity Clearing (ECC) Market Access & Fees Admission process Contact EEX and submit required documents Exchange trader training Technical connection Recognition by ECC Admission by EEX Trading 43

46 Access versions This guide provides the technical fees applicable for the various access and connection types for trading on the exchange. Each access type is designed for simplicity and for compatibility with the Trayport systems or other in-house solutions. Access Explanations Markets Gas Direct Screen (Powernext) In the framework of the cooperation with Powernext, the PEGAS Direct Screen offers customers easy access to the Trayport ETS SM. Connection is via the internet. Spot Futures TR* Auction Trayport TGW to Trayport ETS SM (Powernext) Customers can connect their GlobalVision SM Trading Gateway with the PWX Trayport ETS SM and integrate the EEX markets into their own system and compare it with other trading platforms. Connection is via the internet. Spot Futures TR* Auction ComTrader The ComTrader offers simple access to trading on the EEX Spot Market products and enables trade registration for clearing. Connection is via the internet. Spot Futures TR* Auction EEX GlobalVision SM Screen The EEX GlobalVision SM Screen gives our customers the possibility of trading on all Spot and Derivatives Markets without their own GlobalVision SM Trading Gateway. Connection is via the internet. Spot Futures TR* Auction Trayport TGW to GV Portal (EEX) Eurex T7 GUI (incl. Eurex Clearing GUI) Customers can connect their GlobalVision SM Trading Gateway with the EEX GV Portal and, thus, integrate the EEX markets into their own order book, along with other Trade Registration and exchange products. Connection is via the internet, VPN and leased line. The Eurex T7 GUI provides easy access to trading the EEX products on the Derivatives Market, including trade registration for clearing. Connection is via the internet and leased line. The clearing GUI is only provided via the internet. Spot Futures TR* Auction Spot Futures TR* Auction ISV (3 rd Party Frontends) As a result of the co-operation between EEX and various ISVs, customers can take part in trading using 3 rd party solutions. Connection is via VPN and leased line. Spot Futures TR* Auction * Trade Registration Power Gas 1 MW Gas 10 MW Emissions Coal 44

47 We offer various connection versions which are tailored to our customers requirements. Our support ensures that they can quickly and easily trade the desired products within their preferred IT environment. Hendrik Mestenhauser, Head of IT Service Desk & Operations Fees The fees for trading on EEX consist of the annual fees, technical fees and transaction fees. Annual fees Type of membership Content Fee in per year Full Membership Trading in all EEX products 15,000 Natural Gas Markets Trading in gas contracts within the PEGAS cooperation 7,000 Environmental Markets Emerging Markets Trading in emission allowances and participation in trading in Guarantees of Origin Trading in coal futures and participation in the Trade Registration functionality for products for which EEX Group does not offer order book trading 2,500 2,500 Market Access & Fees Auction Only Participation in primary market auctions of EU Emission Allowances on the Spot Market only 0 View Only Without trading rights, limited term of three months 0 Welcome Package In the future, EEX will offer all new trading participants a Welcome Package. During the first twelve months, new trading participants do not have to pay any annual fee and they receive up to three accesses to the trading system (front-end) free of charge. Furthermore, there are changes in the fees for technical connections. In the future, no fees will be charged for a basic connection to the EEX trading systems via the internet. As a result, participation in trading is possible free of charge in the first year of membership. 45

48 Please refer to the current price lists of EEX and ECC. Transaction fees Power in Cents per MWh Exchange trading Clearing fee Delivery fee Derivatives Market Exchange trading & Trade Registration Optional physical settlement on EPEX SPOT 1.0 Exchange trading & registration of options with a premium of 0.15 per MWh or more Exchange trading & registration of options with a premium of less than 0.15 per MWh Position transfer between financial and physical positions * * Exchange trading & registration of trades in futures on Guarantees of Origin Trade Registration Fee holiday until end of ,02 Romania, Italy, Switzerland, Spain, Scandinavia * Exercise and assignment fee Natural Gas in Cents per MWh Exchange trading Clearing fee Delivery fee Spot Market Exchange trading & Trade Registration Exchange trades in within-day contracts for the GASPOOL and NCG market areas Derivatives Market Exchange trading & Trade Registration in the GASPOOL and NCG market areas Physical delivery 1.0 Trade Registration United Kingdom: NBP Fee holiday until 30 th June

49 Emission Allowances in Cents per t CO 2 Exchange trading Clearing fee Delivery fee Spot Market Secondary trading on the exchange & Trade Registration Primary market auction for Germany and Poland Primary market auction on the joint transitional auction platform (EU) Derivatives Market Secondary trading on the exchange & Trade Registration Coal Exchange trading Clearing fee Delivery fee Derivatives market in $ Cents per t Exchange trading and Trade Registration Registration of trades in Cents per t API#2-EURO, API#4-EURO Market Access & Fees Contact Sales Phone Leipzig: Phone London: sales@eex.com Technical Support Phone: technology@eex.com 47

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51 Training Training EEX Services

52 2,000 More than participants per year Our services at a glance Our comprehensive training programme is offered at selected hotels and conference centres. All training offers and lectures can also be booked for in-house events. As a member of a visitor group, you can be given an exclusive insight into the exchange operations on site in Leipzig. All EEX trainers are experts with many years of experience in exchange and energy exchange trading. Contact Phone: Fax: training@eex.com Our offer Classic training courses in exchange and energy trading Lectures at events and conferences Guided tours of EEX in Leipzig 50

53 Energy and exchange know-how is specialised expertise. Benefit from our know-how in order to be successful in your business. Ekkehard Will, Trainer Regardless of whether it is power, gas or CO 2 products, trading or post trading-processes we offer you compact training courses as an initial introduction or as advanced courses in the energy trading environment. Norbert Anhalt, Trainer Our trainers Training Ekkehard Will (banking specialist) More than 20 years of professional experience in clearing and EUREX settlement at banks and ECC. Trainer and senior expert at EEX since Norbert Anhalt (economics graduate) More than 15 years of professional experience working for banks in derivatives sales and portfolio management. Trainer at EEX since

54 100 More than training courses per year Training programme Training Relevant for admission Examination included Prior knowledge Training period Exchange trader certificate course yes yes not necessary 1 ½ days Exchange trader yes yes necessary 1 day Spot Market Emissions Training yes yes recommended ½ day Principles of options trading no no recommended 1 day General Training no no not necessary 1 day Clearing no no recommended 1 day Power trading on EPEX SPOT yes yes recommended ½ day Training Accounting no no recommended 1 day The current programme and the training dates are available at: 52

55 Exchange trader certificate course You want to start trading on the exchange, gain further insight or expand your knowledge of exchange trading on EEX. At the end of the course, you attain a high-quality course certificate. Following successful completion, this course confers the right to trade on EEX. Training course: 1 ½ days Systems training: 2 hours Exchange trader examination: ½ hour Certificate examination: 1 hour Relevant for admission 2,000 per participant Exchange trader You want to take the exchange trader examination and you already have comprehensive expertise in exchange trading. You can prepare for the examination on your own with the help of the training documents provided to you. Training In the voluntary workshop, open questions regarding the catalogue of examination questions will primarily be discussed. Following successful completion, this course confers the right to trade on EEX. Workshop regarding catalogue of questions: 4 hours Systems training: 2 hours Exchange trader examination: ½ hour Relevant for admission, participation in voluntary workshop is possible to prepare for exam Preparatory workshop (voluntary): 400 per participant EEX systems training (mandatory): 250 per participant EEX exchange trader examination (mandatory): 200 per participant 53

56 We are happy to advise you in all aspects of training offered by EEX. Training & Education Team: Constanze Born Susanne Heinze Spot Market Emissions Training You want to be admitted to exchange trading on the spot market for emission allowances only and take the required exam to this end. The course conveys the required expertise in emissions trading on the EEX spot market and in the primary market auctions. Training course: 2 ½ hours Systems training: ½ hour Exchange trader examination: ½ hour Relevant for admission to trading in emission allowances 400 per participant Principles of options trading You work as a trader or as an employee in fields related to trading and you are interested in trading options. You wish to obtain the skills required for safe trading in options on EEX. Detailed specialised know-how on options trading is provided; however, prior in-depth mathematical skills are not required. Training: 1 day Basic course Options 950 per participant 54

57 General Training You wish to gain basic knowledge regarding the energy exchange EEX. The training course conveys basic knowledge regarding the markets and products, the forms of trading, the settlement of transactions and further services provided by EEX. Training course: 1 day Basic course 400 per participant Clearing You work in the fields of settlement, controlling and risk management and wish to find out more about the settlement of transactions by the clearing house European Commodity Clearing AG (ECC). Training This course provides detailed training to convey basic know-how regarding the settlement structure, the timing, payment streams, processes and margining. Training course: 1 day Basic course 600 per participant 55

58 Power trading on EPEX SPOT You wish to be admitted to exchange trading on EPEX SPOT and already have comprehensive knowledge regarding exchange trading. The EPEX training courses on the power spot market and the examination are only available for EPEX SPOT trading participants. This course confers the right to trade on EPEX SPOT after the participants have passed the examination. Training course: ½ day Relevant for admission to EPEX SPOT 750 per participant Training Accounting You work in the fields of invoicing and accounting and wish to get to know the fundamental balancing principles and the advantage of forming evaluation units according to HGB and IFRS. This course conveys the required accounting knowledge for the reflection of the EEX spot and derivatives market products with the help of examples. You can discuss all examples with the established PWC experts. You receive supplementary documents on sales tax aspects and the information contained in the notes and the management report. Training course: 1 day Basic course 850 per participant 56

59 Exclusive guided tours of EEX in Leipzig Visitor groups of up to 20 participants can get to know the Market Supervision Department and various EEX divisions as part of an exclusive guided tour. Short presentations on specific subjects are possible. Customised 1 ½ hours: hours: 1,400 Lectures and presentations You can book our trainers for lectures at any time. The lectures and presentations are always tailored to your individual requirements and can take place in various contexts, such as the following: Training At conferences on the subject of energy trading At meetings or customer events At seminars and further training courses At in-house training courses of companies on specifically selected subjects (from the fields of subjects covered in the general training courses) Customised Prices are calculated individually depending on the scope and venue. 57

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61 Market Information Services Services Market Data

62 Various formats CSV, XLS, XML Fundamental data Market data Secure FTP server Market Information Services Data offering The Info-Products service comprises the market data derived from trading on EEX and EPEX SPOT. In addition, data from clearing on ECC and data from the transparency platform are also provided. market-data-download/product-overview 60

63 With the provision of fundamental data at the European level, EEX expands its portfolio of information products and permits an unique combination with data from power, natural gas, emissions and coal trading on EEX, EPEX SPOT and PEGAS. Marcus Mittendorf, Head of Market Information Services EEX Transparency Platform Data All Transparency in Energy Markets transparency platform data is available as Info- Products. Transparency data is currently offered for Germany/Austria and the Czech Republic with data for Switzerland set to follow soon. The efficient infrastructure for reporting, collecting, forwarding and publishing energy market data satisfies the REMIT principle. Questions on market data? Phone: Market Data 61

64 We supply more than 3,000 customers with energy data. Info-Products General view End-of-day data Delayed data Real-time data Update frequency Daily provision after the end of trading Daily provision with a latency time of, at maximum, 15 to 20 minutes during trading hours Provision with a latency period of, at maximum, 20 milliseconds between 0 am and 11 pm during the exchange trading days defined in the trading calendar. Content Final settlement prices for all trading products (settlement) Prices of all trades for all trading products (tick data) Prices of all trades and order book (including market depth) for the products traded on ComXerv and T7 (tick data) Presentation Aggregated presentation of the trades Representation of individual trades with to-the-second precision Representation of individual trades with to-the-second precision File format CSV, XLS, XML XML Proprietary CEF(r) data format Historical and current data are both available as End-of-day data and Delayed data. Historical data comprises all the data until the end of the preceding year. Current data comprises all the data of the current and of the preceding year. SMS Generation Outage RSS Feed Regulatory Indices Daily sending of SMS with prices from the EEX and EPEX SPOT markets Information on scheduled and unscheduled non-availabilities of power plants Pricing on the basis of regulatory specifications 62

65 Reliable data as the basis for sound decisions More than 1,200fles are provided by us every day. SMS End-of-day data Regulatory indices RSS Feeds Delaye Real-time data data Transparent rights of use Depending on the intended use, you can order End-of-day data and Delayed data with different rights of use: Info-User No right to publish data No reselling right Internal use for own purposes Info-Vendor Right to publish data Right to the commercial use of the data Forwarding of raw data Sending of newsletters Forwarding of processed data or of analysis based on the data Market Data Other Info-Products (SMS, RSS Feed, reports) are exclusively available for internal use and, as a result, these cannot be published or resold. 63

66 1,800 SMS per year to inform our customers SMS module Module Content Power Power Spot Prices and volumes for France, Germany/Austria and Switzerland as well as ELIX (base, peak, off-peak) Phelix Futures I Phelix Futures II French Financial Futures I French Financial Futures II Prices for Phelix front contracts (base, peak, off-peak) Prices for Phelix contracts with subsequent maturities (base, peak, off-peak) Prices for French front contracts (base, peak) Prices for French contracts with subsequent maturities (base, peak) Natural gas Natural Gas Spot Prices and volumes for the GASPOOL, NCG and TTF market areas Natural Gas Futures I Natural Gas Futures II Prices for the front contracts for the GASPOOL and NCG market areas and EGIX Prices for contracts with subsequent maturities for GASPOOL and NCG market areas Emission Allowances Emission Allowances I Prices and volumes for Emission Allowances on the Spot and Derivatives Market (CER, EUA, EUAA, ERU) Emission Allowances II Prices for contracts with subsequent maturities (CER, ERU, EUA, EUAA) SMS modules are exclusively available with internal rights of use. Reselling or the publication of the data is not possible. 64

67 We are happy to advise you on all questions regarding market data. Team Market Information Services: Marcus Fochtmann, Daniel Köhler Fees for Info-Products Info-User & Info-Vendor modules Except for the historical data, all products are offered on an annual subscription basis. Historical data is made available and can be accessed for two months. in End-of-day data Delayed data Modules Historical data Current data Historical data Current data Power 600, one-off 50 per month 1,800, one-off 150 per month Natural gas 420, one-off 35 per month 1,200, one-off 100 per month Emission Allowances 240, one-off 20 per month 720, one-off 60 per month Coal 120, one-off 10 per month 360, one-off 30 per month Transparency data Germany/Austria: 75 per month Czech Republic: 40 per month Switzerland: 40 per month All prices refer to the Info-User package. Please contact the Market Information Services team for information on the prices of the Info Vendor package. Prices for further products are provided on the EEX website at: market-data/market-data-download/ subscription/prices Market Data 65

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69 Transparency in Energy Markets EEX Transparency Platform Transparency

70 35,000 More than visitors to the website per month EEX transparency platform On the EEX Transparency in Energy Market transparency platform ( energy market data for power provided by the market participants are published promptly and continuously with data on natural gas set to follow soon. The success of the current transparency platform is the result of the efficient and high-quality solution we have set up for the collection of data and the continuous dialogue undertaken with power plant operators, transmission system operators and energy industry stakeholder associations. The platform was developed in cooperation with the associations Österreichs Energie, BDEW, VKU, VIK and the Federal Network Agency as well as the Federal Ministry of Economics and Labour. EEX is continuously developing the transparency platform and, consequently, various innovations are scheduled to be implemented in The aim is to provide market participants with an efficient solution for the implementation of publication requirements under the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) and other regulatory requirements. This promotes the comprehensive pricing and fair competition, which strengthens the market participants, politicians and power consumers trust in the reliability of the power and natural gas markets. Milestones of the transparency platform in 2014 New online presence Integration of energy market data on electricity storage and natural gas consumption for Germany/ Austria Inclusion of fundamental data from Switzerland Option regarding the publication of power consumption, natural gas production and the storage of natural gas and LNG 68

71 If you want to understand the interaction between conventional and renewable sources of energy today, the EEX transparency platform is an absolute must. Daniel Wragge, Head of Political Communications The new website for the transparency platform Sample New Data: The new website gives the user detailed information on the availability of plants from the fields of power production and storage as well as natural gas consumption. Up-to-date: The new transparency platform was designed to ensure that EEX can respond to new market and regulatory requirements, easily set up new data types and integrate new countries flexibly as well as quickly. Mobile: With the Responsive Design the new website automatically adjusts to user devices so that the users also have mobile access to important energy market data via smart phones or tablet PCs at all times. Transparency 69

72 The EEX transparency platform The quality of the transparency platform sets quality standards is a result of more than seven years of EEX experience. The current approximately 50 reporting companies are supported by the Market Information Services Department, which continuously optimises and develops the platform further. This achievement was acknowledged in 2012 with the Transparency Award by the Florence School of Regulation. Generation data currently published Power generation Mandatory information Capacities Installed capacity/available capacity of generation units with 100 MW Installed generation capacity < 100 MW Consumption Planned production of generation units with 100 MW Expected generation from wind/solar power Actual production by generation units with 100 MW Actual generation from wind/solar power Availability Non-usability of generation units with 100 MW Additional information Capacities Consumption Availability Installed generation capacity Generation of the previous day Available generation capacity Non-usability of generation units with 20 MW (CZ) 70

73 EEX ensures high-quality energy market data by fulfilling the highest possible requirements regarding functionality, ease of operation and IT security in processing the data. As a result, it provides market participants with an efficient solution for their reporting and publication requirements. Mathias Ponnwitz, Senior Expert Market Information Services New Energy market data in 2014 * Power consumption Capacities Consumption Installed capacity/usable energy of consumption units with 100 MW Planned consumption by consumption units with 100 MW Actual consumption by consumption units with 100 MW Availability Non-availability of consumption units Power storage Capacities Consumption Availability Pumping and working capacities Filling levels Non-availability of storage units Natural gas consumption Capacities Consumption Installed capacity/usable energy of consumption units with 300 MW Planned consumption by consumption units with 300 MW Actual consumption by consumption units with 300 MW Availability Non-usability of storage units Natural gas storage Capacities Consumption Availability Injection/withdrawal capacity and working gas volume which can be saved Filling levels Non-usability of storage units LNG storage Capacities Injection/withdrawal capacity and working gas volume which can be saved Consumption Filling levels Availability Non-usability of storage units Natural gas exploration (in preparation) * At present, the publication of this energy market data is provided for in order to fulfil the REMIT requirement. Transparency 71

74 Platform goes REMIT At present, many new transparency requirements regarding the reporting of data to authorities and publication of data are being created for the market players. For example, companies have been obliged to disclose information relevant for pricing in power and natural gas trading and to report such data to the Agency for the Cooperation of Energy Regulators (ACER) as well as to the national regulatory authority since the end of Further requirements have been created by the European transparency ordinance (543/2013) and specific national approaches, such as the energy information network and the market transparency authority in Germany. In the context of these new regulations, EEX provides the transparency platform to support the market participants in fulfilling their reporting requirements with the least effort possible. Its efficient infrastructure for reporting, collecting, forwarding and publishing energy market data fulfils the principles of REMIT and is welcomed by ACER. Since the transparency platform already covers a large part of the further requirements, it can also be used to fulfil other reporting and publication needs. Certain quality and safety requirements have to be fulfilled for reporting of fundamental data. With regard to this, ACER recommended the introduction of a Registered Reporting Mechanism (RRM) and a Regulated Information Service (RIS). Over the last few months, EEX has been intensively involved in the consultations on the regulations, and, as a result, it sees the exchange as being well prepared for fulfilling all of the future requirements regarding reporting and the publication of data. 72

75 An efficient, interconnected and transparent European internal energy market offers citizens and companies a secure and sustainable energy supply at the lowest possible costs. EU Commission European alignment Fundamental data from Austria, the Czech Republic and Switzerland The EU Commission has set itself the aim of completing the internal energy market by With the transparency platform, EEX is making an important contribution to the attainment of this aim. The transparency platform provides an efficient solution for reporting of data and, at the same time, it also promotes the integration of the European energy markets. New data types and fundamental data from new countries can be integrated in the transparency platform quickly and flexibly. As a result, Austria has published data on the generation of power in the framework of the implementation of statutory requirements since July Since August 2012, energy market data in the form of voluntary information on the installed and available capacity, the generation volume of the previous day and planned and unscheduled non-availabilities of power from Czech power plants have been published on the transparency platform. New Expansion with energy market data from Switzerland in 2014 In August 2013, the expansion of the transparency platform with generation and storage data from Switzerland was agreed in cooperation with the Swiss association swisselectric. The electricity grid operators involved in swisselectric generate more than 50 TWh of power annually and, hence, cover at large part of electricity volume generated in Switzerland. Reporting of data to the transparency platform is scheduled to begin in mid Transparency 73

76 49 reporting companies reporting power new reporting companies in the pipeline plants with approx. Germany Austria Czech Republic Reporting power plant and transmission system operators : : : 1 Degree of coverage* of the statutory publication requirements in % : : : Degree of coverage* of the voluntary publications in % : : : 61.3 Number of reporting power plants * The degree of coverage for the statutory publication requirements is established on the basis of the proportion between the installed capacity reported on the platform and the entire installed capacity in the respective countries. 2012: : : 21 As of: January

77 500blocks 7balancing areas in Germany, Austria and the coverage of Czech Republic Germany TSO 50Hertz Transmission GmbH Amprion GmbH TenneT TSO GmbH TransnetBW GmbH PPO BASF SE Ludwigshafen DREWAG Stadtwerke Dresden GmbH E.ON EnBW envia THERM GmbH GDF SUEZ Energie Deutschland AG Grenzkraftwerke GmbH Grosskraftwerk Mannheim AG Heizkraftwerk Halle-Trotha GmbH Helmstedter Revier GmbH Kraftwerke Mainz-Wiesbaden AG Mark-E AG Mainova AG N-ERGIE Aktiengesellschaft PCK Raffinerie GmbH RheinEnergie AG RWE Power AG Saarstahl AG, Saarschmiede GmbH Freiformschmiede Stadtwerke Duisburg AG Stadtwerke Düsseldorf AG Stadtwerke Hannover AG Stadtwerke Leipzig GmbH Statkraft Markets GmbH Steag GmbH swb Erzeugung GmbH & Co. KG SWM Services GmbH TIWAG, Tiroler Wasserkraft AG Trianel GmbH Vattenfall Europe AG VERBUND AG VSE AG VW Kraftwerk GmbH Wacker Chemie AG Companies taking part Czech Republic PPO ČEZ Group Austria TSO Austrian Power Grid AG PPO Energie AG Oberösterreich Kraftwerke GmbH EVN AG Grenzkraftwerke GmbH KELAG Linz Strom GmbH Salzburg AG für Energie, Verkehr und Telekommunikation TIWAG, Tiroler Wasserkraft AG VERBUND AG Vorarlberger Kraftwerke AG Wien Energie GmbH Transparency 75

78 Schedule for REMIT Implementation REMIT enters into force Prohibitions of insider dealing and market manipulation apply for market participants Obligation to publish inside information applies for market participants 6 months ACER, in cooperation with NRAs, determines and publishes data format for registration of market participants REMIT Implementing acts enter into force 3 months REMIT registration for market participants starts 6 months Data collection starts by ACER 18 months NRA competences implemented into national law Winter 2011 Summer 2014 Winter 2014 Phase 1: Triggered by entry into force of REMIT Contact Phase 2: Triggered by entry into force of REMT implementing acts support@eex-transparency.com Source: ACER 76

79 Testimonials With EEX, our customers can fulfil the regulatory requirements regarding the requested publication of insider information via one platform with the required infrastructure and suitable technical solutions throughout Europe. Dr. Stefan Naumann, Steria Mummert Consulting The transparency platform already reflects comprehensive data by other generating companies. Our participation helps to increase the transparency of power generation data overall. And the platform, in particular, helps us to fulfil the requirements created by REMIT. Michal Skalka, Director ČEZ Group Trading Department As seen from the perspective of EFET, the continuous and central publication of solar and wind power data on the EEX transparency platform has been tried and tested over the years and is now of central importance for energy trading. Barbara Lempp, Managing Director EFET Germany We see the transparency platform as providing an excellent opportunity to strengthen the trust of the public and the customers in our work. Edgar Röck, Head of Power Trading at TIWAG The European Energy Exchange s Transparency in Energy Markets Platform has shown over the last three years how important this kind of systematic, well organised data dissemination is for the efficient functioning of energy markets. It also shows the potential and usefulness of more systemic and sophisticated EU-wide market monitoring. The pro-active role of EEX should also be emphasised in this context. Therefore, the Selection Committee decided to assign the 2012 Energy Transparency Award to the European Energy Exchange Transparency Platform. European Transparency Award Selection Committee Transparency 77

80 Hotlines Market Supervision Spot Market (Auction) Power Phone: Fax: Intraday Market Power Phone: Fax: Spot Market Natural gas, Emissions Phone: Fax: Spot Market 24/7 Natural gas Phone: Fax: Derivatives Market Power, Natural gas, Emissions, Coal Phone: Fax:

81 Services Member Readiness Phone: Fax: Training & Education Phone: Fax: Sales Phone Leipzig: Phone London: Fax: Market Surveillance Phone: Fax: Market Information Services Phone: Fax: Service Desk Connectivity Phone: Fax: Clearing European Commodity Clearing AG Phone: Fax:

82 Communications, press and media Newsroom Current press releases, general information and graphics are available for rapid downloading here: Social Media Twitter LinkedIn european-energy-exchange-ag Xing europeanenergyexchangeag Contact Press Katrin Berken Head of Corporate Communications & Marketing Phone:

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84 European Energy Exchange AG Leipzig Headquarters: European Energy Exchange AG Augustusplatz Leipzig Germany Phone: Fax: London Office: European Energy Exchange AG 11 Westferry Circus Canary Wharf London E14 4HE UK Phone: Fax: Brussels Office: European Energy Exchange AG Rue d Idalie Brussels Belgium Phone: Fax: Paris Office: EEX Power Derivatives GmbH 5, Boulevard Montmartre Paris France Phone: Fax: Graphic design: Grafikkontor Leipzig Photographs: Juergen Jeibmann Photographik, Leipzig; Susanne Hakuba Photography, London As of March 2014