EEX's Italian power futures trade triple in Feb-April

mercoledì 11 giugno 2014 13:08

* Volumes rose to about 7 TWh in April from 2 TWh in Feb

* EEX targets trading membership of 40 by end of the year

* Considers wind power futures offering

FRANKFURT, June 11 (Reuters) - Volumes of German energy bourse EEX's Italian electricity futures more than tripled between February and April, an exchange spokeswoman said on Wednesday, confirming information circulated at recent meetings by exchange officials and members.

The volumes rose to just over 7 terawatt hours (TWh) in April from just under 2 TWh in February, according to slides presented by the EEX's head of sales, Tim Greenwood at an EEX event last week. The slides were obtained by Reuters.

The spokeswoman declined to give more up to date figures or a target figure for the year.

Greenwood's slides showed that EEX wants to have 40 active trading members by the end of the year from 15-20 now.

EEX launched order book trading on April 7 for the Italian power market, in competition with existing contracts offered by Borsa Italiana.

This followed EEX's launch of a trade registration service for Italian power transactions that are concluded bilaterally or via brokers for clearing at the EEX subsidiary ECC (European Commodity Clearing) last October.   Continua...