The European Energy Exchange and European Commodity Clearing are to offer a six-month transaction and clearing fee waiver for market participants trading their EEX Nordic Zonal Power Futures and EEX Nordic System Price Power Futures.
The waiver applies between 1 July 2024 and 31 December 2024.
On 25 March 2024, EEX significantly expanded its product range by introducing Nordic Zonal Power Futures and expanding the number of expiries in System Price Power Futures to up to 10 years. Since then, 30 trading participants have been active in the new Nordic Zonal Power Futures with a volume of 1.1 TWh traded in the first three months since launch.
Particular trading interest was registered in the Danish and Swedish bidding zones, while also a first trade in Finnish Futures was registered earlier this week. Trading volumes in the Nordic System Price Power Futures have been increasing significantly as well, with 12.2 TWh traded year-to-date already, an increase of 95% compared to the same period last year.
EEX will continue to list System Price and Nordic Zonal Power Futures in parallel. In addition, the EEX locational spread trading functionality is available for trading spreads between Nordic System Price Power Futures and Zonal Power Futures as well as between some Zonal Power Futures and EEX’s power futures in other European markets.
