Eurex to offer EEX power derivatives contracts

Phelix power derivatives contracts offered on the European Energy Exchange (EEX) will be accessible to participants on derivatives exchange Eurex from November 25.

Eurex customers will now be able to trade and clear EEX Phelix Baseload Futures and Options, and Phelix Peakload Futures.

"We are offering our core product – Phelix Futures – to a global network of new participants for trading and clearing in one big step," says Hans-Bernd Menzel, chief executive of EEX.

The high level of liquidity of the Phelix power derivatives makes them an attractive European benchmark product for Eurex's financial participants and complements the company's emission rights contracts, says Peter Reitz, executive board member responsible for product and market development and for co-operations.

EEX and Eurex already co-operate in emissions trading. Eurex participants have been able to trade EEX EUA futures, options on EUA futures and CER futures since December 2007.