News Column

PEGAS Successful Launch of ZTP/ZTPL Contracts and 24/7 trading

July 15, 2014



ENP Newswire - 15 July 2014

Release date- 11072014 - Paris, Leipzig - PEGAS, the natural gas platform commonly established by the European Energy Exchange and Powernext, announces the successful launch of new Spot and Futures contracts on the Belgian Zeebrugge Trading Point on Wednesday 9 July.

On the same day, 24/7 trading was enabled on both the French PEG and Belgian ZTP/ZTPL Spot Markets.

14 members were on hand and ready to trade on ZTP Spot and Futures as well as ZTPL Spot products. The first transaction was completed at 8:52 a.m. CET on ZTP Spot DA at 16.00 EUR/MWh. Activity was also observed on ZTPL Spot, with first transaction on DA product being completed at 10:14 a.m. CET at 15.90 EUR/MWh.

With the launch on PEGAS, ZTP Futures are listed on a regulated organised market for the first time. The Front Month contract, August 2014, was traded for the first time at 9:56 a.m. CET, for a price of 16.05 EUR/MWh and a volume of 10 MW between Lampiris France SAS and Direct Energie SA. The contract settled at 15.60 EUR/MWh at the end of the trading session. A monthly index based on this contract will diligently follow if liquidity proves sustainable.

Rudy Van Beurden, Fluxys Belgium's Communication Manager, stated: 'Traded quantities at ZTP have steadily stepped up since its launch and the attractiveness of the gas trading place has increased accordingly. We are very pleased to see the ZTP products on the PEGAS platform take such a successful start and it confirms the prospect that PEGAS products and members will provide an additional boost to ZTP's liquidity.'

Richard Katz, Powernext's Sales and Communication Director, adds: 'We are very satisfied with the successful implementation of Belgian products, as it represents an important step in the development of PEGAS European-wide coverage'.

Spot and Futures contracts on Zeebrugge Beach (ZEE) and National Balancing Point (NBP) will be introduced later in 2014 on PEGAS, including the 'basis spread' product (ZEE / NBP).

For its first day of operating a 24/7 Spot market, Powernext registered its first off-hour transactions.

About PEGAS - Pan-European Gas Cooperation

PEGAS is a cooperation between the European Energy Exchange (EEX) and Powernext. In the framework of this cooperation, both companies combine their natural gas market activities to create a pan-European gas offering. Members benefit from one common Trayport gas trading platform with access to all spot and derivatives market products offered by the two exchanges for the German, French and Dutch market areas. Furthermore, spread products between these market areas are tradable on the same trading platform.

About EEX

The European Energy Exchange (EEX) is the leading European energy exchange. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. In the context of its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilizer.

Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group. For more information: www.eex.com

About Powernext

Powernext SA manages complementary, transparent and anonymous energy markets. Powernext Gas Spot and Powernext Gas Futures were launched on 26 November 2008 in order to hedge volume and price risks for natural gas in France and in the Netherlands. Powernext manages the National Registry for electricity guarantees of origin in France since 1 May 2013. Powernext owns 50 % in EPEX SPOT and 20 % in EEX Power Derivatives.

For more information: www.powernext.com

Contact:

Katrin Berken

Tel: +49 341 21 56 - 202

Fax: +49 341 21 56 - 109

Email: katrin.berken@eex.com


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Source: ENP Newswire


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