European Energy Exchange AG. Products 2014

Transcription

1 European Energy Exchange AG Products 2014

2 About EEX The European Energy Exchange (EEX) is the leading energy exchange in Europe. EEX develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO 2 emission allowances, coal and guarantees of origin are traded. Through its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilisers. 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. Content Power Derivatives Market 1 Power Spot Market 14 Natural Gas Derivatives Market 26 Natural Gas Spot Market 30 Emission Allowances Derivatives Market 35 Emission Allowances Spot Market 37 Coal Derivatives Market 39 Trading Fees 42 Trading Calendar Hotlines 47 Current Product Codes can be downloaded from the EEX website: en/products/product-codes

3 Power On the EEX Power Derivatives Market financially settled futures for Germany/Austria (Phelix Futures), France (French Futures) and Italy (Italian Futures) and Phelix Options can be traded. In addition, physical French, Dutch and Belgian Power Futures can be traded. At present, EEX offers trading of day, week, month, quarter and year futures. Moreover, market participants can register trades concluded off the exchange for Romania, Scandinavia, Italy, Spain and Switzerland for clearing on EEX. EPEX SPOT, a joint venture between EEX and the French Powernext, operates the Power Spot Market for Germany, France, Austria and Switzerland. On this market, power products with delivery on the same day (Intraday) or on the following day (Day-ahead) are traded. Further information on EPEX SPOT is available at: 1

4 Derivatives Market Phelix Future Maturities Delivery rate Tick size Fulfilment 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 Phelix Futures Long Name Bloomberg Code Thomson Reuters RIC Base F1BY Phelix Base Year Future HP1 Comdty 0#F1BY: F1BQ Phelix Base Quarter Future GT1 Comdty 0#F1BQ: F1BM Phelix Base Month Future GI1 Comdty 0#F1BM: F1B1 Phelix Base Week Future GIB1W Comdty 0#F1B1: F1B2 Phelix Base Week Future GIB2W Comdty 0#F1B2: F1B3 Phelix Base Week Future GIB3W Comdty 0#F1B3: F1B4 Phelix Base Week Future GIB4W Comdty 0#F1B4: F1B5 Phelix Base Week Future GIB5W Comdty 0#F1B5: FWB1-FWB5 Phelix Base Weekend Future FWBAW Comdty 0#EEXFB: FB01-FB34 Phelix Base Day Future FBDAILY Comdty 0#EEXFB: Peak F1PY Phelix Peak Year Future NE1 Comdty 0#F1PY: F1PQ Phelix Peak Quarter Future HI1 Comdty 0#F1PQ: F1PM Phelix Peak Month Future GJ1 Comdty 0#F1PM: F1P1 Phelix Peak Week Future GIP1W Comdty 0#F1P1: 2

5 F1P2 Phelix Peak Week Future GIP2W Comdty 0#F1P2: F1P3 Phelix Peak Week Future GIP3W Comdty 0#F1P3: F1P4 Phelix Peak Week Future GIP4W Comdty 0#F1P4: F1P5 Phelix Peak Week Future GIP5W Comdty 0#F1P5: FWP1-FWP5 Phelix Peak Weekend Future FWPAW Comdty 0#EEXFP: FP01-FP34 Phelix Peak Day Future FPDAILY Comdty 0#EEXFP: Off-Peak F1OY Phelix Off-Peak Year Future PBA1 Comdty 0#F1OY: F1OQ Phelix Off-Peak Quarter Future PDA1 Comdty 0#F1OQ: F1OM Phelix Off-Peak Month Future POA1 Comdty 0#F1OM: 3

6 Derivatives Market Phelix Option Maturities Delivery rate Tick size Fulfilment 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 Assignment of underlying futures 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. Exercise Exercise prices Number of exercise prices Last Trading Day European style: An option can only be exercised on the last trading day of the respective option series up to 3 pm CET by entering it into the EEX system. Option series are available with different strike prices. At least three exercise prices shall be made available for each term for each call and put so that one exercise price is: in the money, at the money and out of the money. The third Thursday in December for Options on Phelix Base Month Futures with the delivery period of January and for Options on Phelix Base Quarter Futures with the first quarter as the delivery period The second Thursday in December for Options on Phelix Base Year Futures with the delivery period of the underlying future The fourth exchange day preceding the beginning of the next delivery period for all other option series Options on Power Long Name Bloomberg Code Thomson Reuters RIC O1BY Phelix Base Year Option HP1 Comdty OMON 0#F1BY+ O1BQ Phelix Base Quarter Option GT1 Comdty OMON 0#F1BQ+ O1BM Phelix Base Month Option GI1 Comdty OMON 0#F1BM+ 4

7 Derivatives Market French Power Future Maturities Delivery rate Tick size Fulfilment Trading hours The current week and the next four weeks, the current month, 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 French Physical Power Futures Long Name Bloomberg Code Thomson Reuters RIC Baseload F2BY French Baseload Year Future LLLA Comdity 0#F2BY: F2BQ French Baseload Quarter Future CQAA Comdity 0#F2BQ: F2BM French Baseload Month Future SUOA Comdity 0#F2BM: F2B1 French Baseload Week Future n.a. 0#F2B1: F2B2 French Baseload Week Future n.a. 0#F2B2: F2B3 French Baseload Week Future n.a. 0#F2B3: F2B4 French Baseload Week Future n.a. 0#F2B4: F2B5 French Baseload Week Future n.a. 0#F2B5: Peakload F2PY French Peakload Year Future OARA Comdity 0#F2PY: F2PQ French Peakload Quarter Future LRRA Comdity 0#F2PQ: F2PM French Peakload Month Future LSRA Comdity 0#F2PM: F2P1 French Peakload Week Future n.a. 0#F2P1: F2P2 French Peakload Week Future n.a. 0#F2P2: F2P3 French Peakload Week Future n.a. 0#F2P3: F2P4 French Peakload Week Future n.a. 0#F2P4: F2P5 French Peakload Week Future n.a. 0#F2P5: 5

8 French Financial Power Futures Long Name Bloomberg Code Thomson Reuters RIC Base F7BY French Financial Base Year Future FAAA Comdty 0#F7BY: F7BQ French Financial Base Quarter Future FABA Comdty 0#F7BQ: F7BM French Financial Base Month Future FACA Comdty 0#F7BM: F7B1 French Financial Base Week Future FIB1W Comdty 0#F7B1: F7B2 French Financial Base Week Future FIB2W Comdty 0#F7B2: F7B3 French Financial Base Week Future FIB3W Comdty 0#F7B3: F7B4 French Financial Base Week Future FIB4W Comdty 0#F7B4: F7B5 French Financial Base Week Future FIB5W Comdty 0#F7B5: Peak F7PY French Financial Peak Year Future FIAA Comdty 0#F7PY: F7PQ French Financial Peak Quarter Future FIBA Comdty 0#F7PQ: F7PM French Financial Peak Month Future FICA Comdty 0#F7PM: F7P1 French Financial Peak Week Future FIP1W Comdty 0#F7P1: F7P2 French Financial Peak Week Future FIP2W Comdty 0#F7P2: F7P3 French Financial Peak Week Future FIP3W Comdty 0#F7P3: F7P4 French Financial Peak Week Future FIP4W Comdty 0#F7P4: F7P5 French Financial Peak Week Future FIP5W Comdty 0#F7P5: 6

9 Derivatives Market Italian Power Futures Available for both exchange trading and Trade Registration. Maturities Delivery rate Tick size Fulfilment Trading hours The current week and the next four weeks, the current month and the next six months, seven quarters and 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 Italian Power Futures Long Name Bloomberg Code Thomson Reuters RIC Base FDBY Italian Base Year Future FBYA Comdty 0#FDBY: FDBQ Italian Base Quarter Future TQTA Comdty 0#FDBQ: FDBM Italian Base Month Future ITPA Comdty 0#FDBM: FDB1 Italian Base Week Future ITWA Comdty 0#FDB1: FDB2 Italian Base Week Future ITSA Comdty 0#FDB2: FDB3 Italian Base Week Future IWWA Comdty 0#FDB3: FDB4 Italian Base Week Future WWTA Comdty 0#FDB4: FDB5 Italian Base Week Future STWA Comdty 0#FDB5: 7

10 Italian Power Futures Long Name Bloomberg Code Thomson Reuters RIC Peak FDPY Italian Power Peak Year Future REWA Comdty 0#FDPY: FDPQ Italian Power Peak Quarter Future VGRA Comdty 0#FDPQ: FDPM Italian Power Peak Month Future PMSA Comdty 0#FDPM: FDP1 Italian Power Peak Week Future XPWA Comdty 0#FDP1: FDP2 Italian Power Peak Week Future PWDA Comdty 0#FDP2: FDP3 Italian Power Peak Week Future PWPA Comdty 0#FDP3: FDP4 Italian Power Peak Week Future n.a. 0#FDP4: FDP5 Italian Power Peak Week Future n.a. 0#FDP5: 8

11 Derivatives Market Dutch Power Futures Maturities Delivery rate Tick size Fulfilment Trading hours The current month 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 Dutch Power Futures Long Name Bloomberg Code Thomson Reuters RIC Baseload QDBY Dutch Power Baseload Year Future JQRA Comdty 0#QDBY: QDBQ Dutch Power Baseload Quarter Future DQDA Comdty 0#QDBQ: QDBM Dutch Power Baseload Month Future QDBA Comdty 0#QDBM: Peakload QDPY Dutch Power Peakload Year Future QBBA Comdty 0#QDPY: QDPQ Dutch Power Peakload Quarter Future QQDA Comdty 0#QDPQ: QDPM Dutch Power Peakload Month Future QMDA Comdty 0#QDPM: 9

12 Derivatives Market Belgian Power Futures Maturities Delivery rate Tick size Fulfilment Trading hours The current month 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 Belgian Power Futures Long Name Bloomberg Code Thomson Reuters RIC QBBY Belgian Power Baseload Year Future RQDA Comdty 0#QBBY: QBBQ Belgian Power Baseload Quarter Future QREA Comdty 0#QBBQ: QBBM Belgian Power Baseload Month Future RQDA Comdty 0#QBBM: 10

13 Products for Trade Registration Maturities Delivery rate Tick size Fulfilment Trading hours The current month and the next six months, seven quarters and six years Additionally, the current week and the next four weeks for Spanish week futures 1 MW 0.01 per MWh Cash settlement Trade Registration: 8 am to 6 pm CET Trade Registration Long Name Thomson Reuters RIC Romanian Power Futures FHBY Romanian Power Base Year Future 0#FHBY: FHBQ Romanian Power Base Quarter Future 0#FHBQ: FHBM Romanian Power Base Month Future 0#FHBM: Nordic Power Futures FBBY Nordic Power Base Year Future 0#FBBY: FBBQ Nordic Power Base Quarter Future 0#FBBQ: FBBM Nordic Power Base Month Future 0#FBBM: Swiss Power Futures FCBY Swiss Power Base Year Future 0#FCBY: FCBQ Swiss Power Base Quarter Future 0#FCBQ: FCBM Swiss Power Base Month Future 0#FCBM: 11

14 Trade Registration Long Name Bloomberg Code Thomson Reuters RIC Spanish Power Futures New FEBY Spanish Power Base Year Future BYYA Comdty 0#FEBY: FEBQ Spanish Power Base Quarter Future SBIA Comdty 0#FEBQ: FEBM Spanish Power Base Month Future MSPA Comdty 0#FEBM: FEB1 Spanish Power Base Week Future SBWA Comdty 0#FEB: FEB2 Spanish Power Base Week Future SBSA Comdty 0#FEB: FEB3 Spanish Power Base Week Future FEBA Comdty 0#FEB: FEB4 Spanish Power Base Week Future CKRA Comdty 0#FEB: FEB5 Spanish Power Base Week Future XSRA Comdty 0#FEB: 12

15 Derivatives Market Guarantees of Origin Guarantees of Origin are certificates which prove that a given megawatt hour of power was generated from renewable resources. GoOs are exclusively issued for disclosure and transparency purposes and they are cancelled after use. On the EEX Derivatives Market, Guarantees of Origin for hydroelectric power from Scandinavia (Nordic Hydro) and the Alpine region (Alpine Hydro) as well as Guarantees of Origin for wind power from the North Sea region (Central Northern Europe Wind) are traded. Maturities Minimum contract size Tick size Fulfilment Trading hours Two maturities per year with expiry in March and 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 Guarantees of Origin Long Name Bloomberg Code Thomson Reuters RIC FECN GoO on Nordic Hydro Power FXCA Comdty <0#FECN:> FECA GoO on Alpine Hydro Power FXAA Comdty <0#FECA:> FECW GoO on Northern Continental Europe Wind Power FXWA Comdty <0#FECW:> 13

16 Power Spot Market 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: Spot Market Day-ahead Market 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 Bid types hours Bloomberg Code Thomson Reuters Display RICs LPXBHR01 Index EPEX DE /AT Hour 01 EHLDE LPXBHR02 Index EPEX DE /AT Hour 02 EHLDE LPXBHR03 Index EPEX DE /AT Hour 03 EHLDE LPXBHR04 Index EPEX DE /AT Hour 04 EHLDE LPXBHR05 Index EPEX DE /AT Hour 05 EHLDE LPXBHR06 Index EPEX DE /AT Hour 06 EHLDE LPXBHR07 Index EPEX DE /AT Hour 07 EHLDE LPXBHR08 Index EPEX DE /AT Hour 08 EHLDE LPXBHR09 Index EPEX DE /AT Hour 09 EHLDE LPXBHR10 Index EPEX DE /AT Hour 10 EHLDE10 14

17 Bid types hours Bloomberg Code Thomson Reuters Display RICs LPXBHR11 Index EPEX DE /AT Hour 11 EHLDE LPXBHR12 Index EPEX DE /AT Hour 12 EHLDE LPXBHR13 Index EPEX DE /AT Hour 13 EHLDE LPXBHR14 Index EPEX DE /AT Hour 14 EHLDE LPXBHR15 Index EPEX DE /AT Hour 15 EHLDE LPXBHR16 Index EPEX DE /AT Hour 16 EHLDE LPXBHR17 Index EPEX DE /AT Hour 17 EHLDE LPXBHR18 Index EPEX DE /AT Hour 18 EHLDE LPXBHR19 Index EPEX DE /AT Hour 19 EHLDE LPXBHR20 Index EPEX DE /AT Hour 20 EHLDE LPXBHR21 Index EPEX DE /AT Hour 21 EHLDE LPXBHR22 Index EPEX DE /AT Hour 22 EHLDE LPXBHR23 Index EPEX DE /AT Hour 23 EHLDE LPXBHR24 Index EPEX DE /AT Hour 24 EHLDE24 Bid types blocks Bloomberg Code Thomson Reuters Display RICs Base Monthly LPXBHBMI Index EEX Phel Base M BMEEXPH Off-Peak 1 LPXBHOP1 Index Off Peak OBLDE08 Off-Peak 2 LPXBHOP2 Index Off Peak OBLDE24 Peak Monthly LPXBHPMI Index EEX Phel Peak M PMEEXPH Baseload LPXBHRBS Index EEX Phel Base D BBLDE24 Peakload LPXBHRPK Index EEX Phel Peak D PBLDE20 Base Volume LPXBHVBA Index n.a. n.a. Peak Volume LPXBHVPK Index n.a. n.a. 15

18 Spot Market Day-ahead Market 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 Bid types hours Bloomberg Code Thomson Reuters Display RICs PWNXFR01 Index EPEX 1 AM PNX PWNXFR02 Index EPEX 2 AM PNX PWNXFR03 Index EPEX 3 AM PNX PWNXFR04 Index EPEX 4 AM PNX PWNXFR05 Index EPEX 5 AM PNX PWNXFR06 Index EPEX 6 AM PNX PWNXFR07 Index EPEX 7 AM PNX PWNXFR08 Index EPEX 8 AM PNX PWNXFR09 Index EPEX 9 AM PNX PWNXFR10 Index EPEX 10 AM PNX PWNXFR11 Index EPEX 11 AM PNX PWNXFR12 Index EPEX 12 PM PNX PWNXFR13 Index EPEX 1 PM PNX PWNXFR14 Index EPEX 2 PM PNX PWNXFR15 Index EPEX 3 PM PNX PWNXFR16 Index EPEX 4 PM PNX PWNXFR17 Index EPEX 5 PM PNX17 16

19 Bid types hours Bloomberg Code Thomson Reuters Display RICs PWNXFR18 Index EPEX 6 PM PNX PWNXFR19 Index EPEX 7 PM PNX PWNXFR20 Index EPEX 8 PM PNX PWNXFR21 Index EPEX 9 PM PNX PWNXFR22 Index EPEX 10 PM PNX PWNXFR23 Index EPEX 11 PM PNX PWNXFR24 Index EPEX 12 AM PNX24 Bid types blocks Bloomberg Code Thomson Reuters Display RICs Off-Peak 1 PWNXFOP1 Index EPEX OFFPEAK 1-8 PNXOFFPK1-8 Off-Peak 2 PWNXFOP2 Index EPEX OFFPK21-24 PNXOFFPK21-24 Baseload PWNXFRAV Index EPEX BASE PNXBASE Peakload PWNXFRPK Index EPEX PEAK PNXPEAK VWAP PWNXVWAP Index n.a. n.a. 17

20 Spot Market Day-ahead Market 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 Bid types hours Bloomberg Code Thomson Reuters Display RICs LSWBHR01 Index EPEX CH Hour 01 SWIX LSWBHR02 Index EPEX CH Hour 02 SWIX LSWBHR03 Index EPEX CH Hour 03 SWIX LSWBHR04 Index EPEX CH Hour 04 SWIX LSWBHR05 Index EPEX CH Hour 05 SWIX LSWBHR06 Index EPEX CH Hour 06 SWIX LSWBHR07 Index EPEX CH Hour 07 SWIX LSWBHR08 Index EPEX CH Hour 08 SWIX LSWBHR09 Index EPEX CH Hour 09 SWIX LSWBHR10 Index EPEX CH Hour 10 SWIX LSWBHR11 Index EPEX CH Hour 11 SWIX LSWBHR12 Index EPEX CH Hour 12 SWIX LSWBHR13 Index EPEX CH Hour 13 SWIX LSWBHR14 Index EPEX CH Hour 14 SWIX LSWBHR15 Index EPEX CH Hour 15 SWIX LSWBHR16 Index EPEX CH Hour 16 SWIX LSWBHR17 Index EPEX CH Hour 17 SWIX17 18

21 Bid types hours Bloomberg Code Thomson Reuters Display RICs LSWBHR18 Index EPEX CH Hour 18 SWIX LSWBHR19 Index EPEX CH Hour 19 SWIX LSWBHR20 Index EPEX CH Hour 20 SWIX LSWBHR21 Index EPEX CH Hour 21 SWIX LSWBHR22 Index EPEX CH Hour 22 SWIX LSWBHR23 Index EPEX CH Hour 23 SWIX LSWBHR24 Index EPEX CH Hour 24 SWIX24 Bid types blocks Bloomberg Code Thomson Reuters Display RICs Base Monthly LSWBHBMI Index n.a. n.a. Peak Monthly LSWBHPMI Index n.a. n.a. Baseload LSWBHRBS Index BK7 Bsld/H1-24 SWIXBASE Peakload LSWBHRPK Index BK8 Pkld/H9-20 SWIXPEAK 19

22 Spot Market Intraday Market Germany 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 Within the following TSO zones: 50Hertz Transmission GmbH, Amprion GmbH, TenneT TSO GmbH, TransnetBW GmbH 0.1 MW 0.01 per MWh 24/7 Bid types hours Bloomberg Code Bid types hours Bloomberg Code Within-day Within-day EPGIHR00 Index EPGIHR01 Index EPGIHR02 Index EPGIHR03 Index EPGIHR04 Index EPGIHR05 Index EPGIHR06 Index EPGIHR07 Index EPGIHR08 Index EPGIHR09 Index EPGIHR10 Index EPGIHR11 Index EPGIHR12 Index EPGIHR13 Index EPGIHR14 Index EPGIHR15 Index EPGIHR16 Index EPGIHR17 Index EPGIHR18 Index EPGIHR19 Index EPGIHR20 Index EPGIHR21 Index EPGIHR22 Index EPGIHR23 Index 20

23 Bid types hours Bloomberg Code Bid types hours Bloomberg Code Day-ahead Day-ahead EPGALP00 Index EPGALP01 Index EPGALP02 Index EPGALP03 Index EPGALP04 Index EPGALP05 Index EPGALP06 Index EPGALP07 Index EPGALP08 Index EPGALP09 Index EPGALP10 Index EPGALP11 Index EPGALP12 Index EPGALP13 Index EPGALP14 Index EPGALP15 Index EPGALP16 Index EPGALP17 Index EPGALP18 Index EPGALP19 Index EPGALP20 Index EPGALP21 Index EPGALP22 Index EPGALP23 Index Bid types hours Bloomberg Code Bid types hours Bloomberg Code Quarterly Quarterly EPGIQS01 Index EPGIQS02 Index EPGIQS03 Index EPGIQS04 Index EPGIQS05 Index EPGIQS06 Index EPGIQS07 Index EPGIQS08 Index EPGIQS09 Index EPGIQS10 Index EPGIQS11 Index EPGIQS12 Index EPGIQS13 Index EPGIQS14 Index 21

24 Bid types hours Bloomberg Code Bid types hours Bloomberg Code Quarterly Quarterly EPGIQS15 Index EPGIQS16 Index EPGIQS17 Index EPGIQS18 Index EPGIQS19 Index EPGIQS20 Index EPGIQS21 Index EPGIQS22 Index EPGIQS23 Index EPGIQS24 Index EPGIQS25 Index EPGIQS26 Index EPGIQS27 Index EPGIQS28 Index EPGIQS29 Index EPGIQS30 Index EPGIQS31 Index EPGIQS32 Index EPGIQS33 Index EPGIQS34 Index EPGIQS35 Index EPGIQS36 Index EPGIQS37 Index EPGIQS38 Index EPGIQS39 Index EPGIQS40 Index EPGIQS41 Index EPGIQS42 Index EPGIQS43 Index EPGIQS44 Index EPGIQS45 Index EPGIQS46 Index EPGIQS47 Index EPGIQS48 Index EPGIQS49 Index EPGIQS50 Index EPGIQS51 Index EPGIQS52 Index EPGIQS53 Index EPGIQS54 Index EPGIQS55 Index EPGIQS56 Index EPGIQS57 Index EPGIQS58 Index EPGIQS59 Index EPGIQS60 Index 22

25 Bid types hours Bloomberg Code Bid types hours Bloomberg Code Quarterly Quarterly EPGIQS61 Index EPGIQS62 Index EPGIQS63 Index EPGIQS64 Index EPGIQS65 Index EPGIQS66 Index EPGIQS67 Index EPGIQS68 Index EPGIQS69 Index EPGIQS70 Index EPGIQS71 Index EPGIQS72 Index EPGIQS73 Index EPGIQS84 Index EPGIQS85 Index EPGIQS86 Index EPGIQS87 Index EPGIQS88 Index EPGIQS89 Index EPGIQS90 Index EPGIQS91 Index EPGIQS92 Index EPGIQS93 Index EPGIQS94 Index EPGIQS95 Index EPGIQS96 Index EPGIQS74 Index EPGIQS75 Index EPGIQS76 Index EPGIQS77 Index EPGIQS78 Index EPGIQS79 Index EPGIQS80 Index EPGIQS81 Index EPGIQS82 Index EPGIQS83 Index 23

26 Spot Market Intraday Market France Bid types Place of delivery Contract size Tick size Trading hours Hours, blocks Trade Registration for trades concluded off the exchange Within the French transmission grid managed by RTE 0.1 MW 0.01 per MWh 24/7 Bid types hours Bloomberg Code Bid types hours Bloomberg Code Within-day Within-day EPFILP00 Index EPFILP01 Index EPFILP02 Index EPFILP03 Index EPFILP04 Index EPFILP05 Index EPFILP06 Index EPFILP07 Index EPFILP08 Index EPFILP09 Index EPFILP10 Index EPFILP11 Index EPFILP12 Index EPFILP13 Index EPFILP14 Index EPFILP15 Index EPFILP16 Index EPFILP17 Index EPFILP18 Index EPFILP19 Index EPFILP20 Index EPFILP21 Index EPFILP22 Index EPFILP23 Index 24

27 Bid types hours Bloomberg Code Bid types hours Bloomberg Code Day-ahead Day-ahead EPFALP00 Index EPFALP01 Index EPFALP02 Index EPFALP03 Index EPFALP04 Index EPFALP05 Index EPFALP06 Index EPFALP07 Index EPFALP08 Index EPFALP09 Index EPFALP10 Index EPFALP11 Index EPFALP12 Index EPFALP13 Index EPFALP14 Index EPFALP15 Index EPFALP16 Index EPFALP17 Index EPFALP18 Index EPFALP19 Index EPFALP20 Index EPFALP21 Index EPFALP22 Index EPFALP23 Index 25

28 Natural Gas PEGAS Pan-European Gas Cooperation PEGAS is the gas market 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 trading offering. Members benefit from the ability to access spot and derivatives market products for German, French and Dutch market areas and trading in location spreads. Easy access is possible via the Trayport ETS SM. For more information: 26

29 Derivatives Market Month, Quarter, Season and Year Futures 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 by the contract s volume EEX: 8:30 am to 6 pm CET Powernext: 8:30 am to 6 pm CET Upcoming New product launch for exchange trading planned: EEX: NBP Futures Powernext: ZEE Futures, ZTP Futures Natural Gas Long Name Bloomberg Code Thomson Reuters RIC Covered by EEX G0BY NCG Natural Gas Year Futures XYEA Comdty 0#G0BY: G0BS NCG Natural Gas Season Futures XSEA Comdty 0#G0BS: G0BQ NCG Natural Gas Quarter Futures XQEA Comdty 0#G0BQ: G0BM NCG Natural Gas Month Futures XMEA Comdty 0#G0BM: G2BY GASPOOL Natural Gas Year Futures TYEA Comdty 0#G2BY: G2BS GASPOOL Natural Gas Seasons Futures TZEA Comdty 0#G2BS: G2BQ GASPOOL Natural Gas Quarter Futures TQEA Comdty 0#G2BQ: G2BM GASPOOL Natural Gas Month Futures TMEA Comdty 0#G2BM: 27

30 Natural Gas Long Name Bloomberg Code Thomson Reuters RIC Covered by Powernext n.a. Powernext Gas Futures PEG Sud M+1 n.a. PNXGPEGSMc1 n.a. Powernext Gas Futures PEG Nord Y+1 PNG1Y Comdty PNXGPEGNYc1 n.a. Powernext Gas Futures PEG Nord S+1 PNG1S Comdty PNXGPEGNSc1 n.a. Powernext Gas Futures PEG Nord S+2 PNG2S Comdty PNXGPEGNSc2 n.a. Powernext Gas Futures PEG Nord S+3 PNG3S Comdty PNXGPEGNSc3 n.a. Powernext Gas Futures PEG Nord Q+1 PNG1Q Comdty PNXGPEGNQc1 n.a. Powernext Gas Futures PEG Nord Q+2 PNG2Q Comdty PNXGPEGNQc2 n.a. Powernext Gas Futures PEG Nord Q+3 PNG3Q Comdty PNXGPEGNQc3 n.a. Powernext Gas Futures PEG Nord M+1 PNG1M Comdty PNXGPEGNMc1 n.a. Powernext Gas Futures PEG Nord M+2 PNG2M Comdty PNXGPEGNMc2 n.a. Powernext Gas Futures PEG Nord M+3 PNG3M Comdty PNXGPEGNMc3 n.a. Powernext TTF Futures Y+1 PTT1Y Comdty PNXGTTFYc1 n.a. Powernext TTF Futures Y+2 PTT2Y Comdty PNXGTTFYc2 n.a. Powernext TTF Futures Y+3 PTT3Y Comdty PNXGTTFYc3 n.a. Powernext TTF Futures S+1 PTT1S Comdty PNXGTTFSc1 n.a. Powernext TTF Futures S+2 PTT2S Comdty PNXGTTFSc2 n.a. Powernext TTF Futures S+3 PTT3S Comdty PNXGTTFSc3 n.a. Powernext TTF Futures Q+1 PTT1Q Comdty PNXGTTFQc1 n.a. Powernext TTF Futures Q+2 PTT2Q Comdty PNXGTTFQc2 n.a. Powernext TTF Futures Q+3 PTT3Q Comdty PNXGTTFQc3 n.a. Powernext TTF Futures Q+4 PTT4Q Comdty PNXGTTFQc4 n.a. Powernext TTF Futures M+1 PTT1M Comdty PNXGTTFMc1 n.a. Powernext TTF Futures M+2 PTT2M Comdty PNXGTTFMc2 n.a. Powernext TTF Futures M+3 PTT3M Comdty PNXGTTFMc3 28

31 Trade Registration Only NBP Gas Futures Delivery period VTP Contract size Tick size Trading hours Month, Quarter, Season, Year Covered by EEX: NBP 1,000 therm per day GBP pence per therm EEX: 8 am to 6 pm CET Natural Gas Long Name Bloomberg Code Thomson Reuters RIC G9BY NBP Natural Gas Year Futures n.a. 0#G9BY: G9BS NBP Natural Gas Season Futures n.a. 0#G9BS: G9BQ NBP Natural Gas Quarter Futures n.a. 0#G9BQ: G9BM NBP Natural Gas Month Futures n.a. 0#G9BM: 29

32 Spot Market Day-Ahead and Weekend Contracts Delivery period VTP Contract size Tick size Trading hours Day-ahead, Weekend Covered by EEX: GASPOOL, NCG, TTF Covered by Powernext: PEG NORD, PEG SUD, PEG TIGF 1 MW per MW multiplied by the contract s volume EEX: 24/7 Powernext: 8:30 am to 6 pm CET Upcoming New product launch for exchange trading planned: EEX: NBP Day and Weekend Powernext: ZEE, ZTP and ZTPL Day-ahead and Weekend; 24/7 services VTP Product Contract Bloomberg Code Thomson Reuters RIC Covered by EEX Germany GASPOOL Weekend 1 MW WND YYYYMMDD 1 MW BEBPEAKE Index CGH8-EEX GASPOOL Day 1 MW MON YYYYMMDD 1 MW BEBPEAKM Index CGH1-EEX GASPOOL Day 1 MW TUE YYYYMMDD 1 MW BEBPEAKT Index CGH2-EEX GASPOOL Day 1 MW WED YYYYMMDD 1 MW BEBPEAKW Index CGH3-EEX GASPOOL Day 1 MW THU YYYYMMDD 1 MW BEBPEAKH Index CGH4-EEX GASPOOL Day 1 MW FRI YYYYMMDD 1 MW BEBPEAKF Index CGH5-EEX GASPOOL Day 1 MW SAT YYYYMMDD 1 MW BEBPEAKS Index CGH6-EEX GASPOOL Day 1 MW SUN YYYYMMDD 1 MW BEBPEAKU Index CGH7-EEX NCG Weekend 1 MW WND YYYYMMDD 1 MW EGTBASEW Index ENH8-EEX NCG Day 1 MW MON YYYYMMDD 1 MW EGTPEAKM Index ENH1-EEX NCG Day 1 MW TUE YYYYMMDD 1 MW EGTPEAKT Index ENH2-EEX 30

33 VTP Product Contract Bloomberg Code Thomson Reuters RIC NCG Day 1 MW WED YYYYMMDD 1 MW EGTPEAKW Index ENH3-EEX NCG Day 1 MW THU YYYYMMDD 1 MW EGTPEAKH Index ENH4-EEX NCG Day 1 MW FRI YYYYMMDD 1 MW EGTPEAKF Index ENH5-EEX NCG Day 1 MW SAT YYYYMMDD 1 MW EGTPEAKS Index ENH6-EEX NCG Day 1 MW SUN YYYYMMDD 1 MW EGTPEAKU Index ENH7-EEX Netherlands TTF Weekend 1 MW WND YYYYMMDD 1 MW TTFPEAKE Index MTH8-EEX TTF Day 1 MW MON YYYYMMDD 1 MW TTFPEAKM Index MTH1-EEX TTF Day 1 MW TUE YYYYMMDD 1 MW TTFPEAKT Index MTH2-EEX TTF Day 1 MW WED YYYYMMDD 1 MW TTFPEAKW Index MTH3-EEX TTF Day 1 MW THU YYYYMMDD 1 MW TTFPEAKH Index MTH4-EEX TTF Day 1 MW FRI YYYYMMDD 1 MW TTFPEAKF Index MTH5-EEX TTF Day 1 MW SAT YYYYMMDD 1 MW TTFPEAKS Index MTH6-EEX TTF Day 1 MW SUN YYYYMMDD 1 MW TTFPEAKU Index MTH7-EEX Covered by Powernext France PEG NORD PEG NORD PEG SUD PEG SUD TIGF TIGF Powernext Gas Spot PEG Nord Weekend Powernext Gas Spot PEG Nord Day-ahead Powernext Gas Spot PEG Sud Weekend Powernext Gas Spot PEG Sud Day-ahead Powernext Gas Spot TIGF Weekend Powernext Gas Spot TIGF Day-ahead PEG Nord WE PNXIGNWE Index PNXGPEGNWEc1 PEG Nord DA PNXIGNDA Index PNXGPEGNDAc1 PEG Sud WE PNXIGSWE Index PNXGPEGSWEc1 PEG Sud DA PNXIGSDA Index PNXGPEGSDAc1 PEG TIGF WE n.a. PNXGPEGTWEc1 PEG TIGF DA n.a. PNXGPEGTDAc1 31

34 Spot Market Within-Day Contracts Delivery period VTP Contract size Tick size Trading hours Within-day Covered by EEX: GASPOOL, NCG, TTF 1 MW per MW multiplied by the Covered by Powernext: PEG NORD, contract s volume PEG SUD, PEG TIGF EEX: 24/7 Powernext: 8:30 am to 6 pm CET Upcoming New product launch for exchange trading planned: EEX: NBP Within-day Powernext: ZEE, ZTP and ZTPL Within-day; 24/7 services VTP Product Contract Bloomberg Code Thomson Reuters RIC Covered by EEX Germany GASPOOL Within-day WID YYYYMMDD BEBBASWD Index CGHI-EEX NCG Within-day WID YYYYMMDD EGTBASWD Index ENHI-EEX Netherlands TTF Within-day WID YYYYMMDD TTFBASWD Index MTHI-EEX Covered by Powernext France PEG NORD PEG SUD TIGF Powernext Gas Spot PEG Nord Within-day Powernext Gas Spot PEG Sud Within-day Powernext Gas Spot TIGF Within-day PEG Nord WD PNXIGNWD Index PNXGPEGNWDc1 PEG Sud WD PNXIGSWD Index PNXGPEGSWDc1 PEG TIGF WD n.a. PNXGPEGTWDc1 32

35 Spot Market Quality-Specific Gas Products 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 by the contract s volume 24/7 VTP Product Contract WKN NCG NCG Quality-Specific H-Gas Within-day Contract A1XRJV DE000A1XRJV9 NCG NCG Quality-Specific L-Gas Within-day Contract A1XRJW DE000A1XRJW7 NCG NCG Quality-Specific H-Gas Weekend Contract A1XRJT DE000A1XRJT3 NCG NCG Quality-Specific L-Gas Weekend Contract A1XRJU DE000A1XRJU1 NCG NCG Quality-Specific H-Gas Day Contract A1XRJR DE000A1XRJR7 NCG NCG Quality-Specific L-Gas Day Contract A1XRJS DE000A1XRJS5 33

36 VTP Product Contract WKN GASPOOL GASPOOL Quality-Specific H-Gas Within-day Contract A1XRJ1 DE000A1XRJ14 GASPOOL GASPOOL Quality-Specific L-Gas Within-day Contract A1XRJ2 DE000A1XRJ22 GASPOOL GASPOOL Quality-Specific H-Gas Weekend Contract A1XRJZ DE000A1XRJZ0 GASPOOL GASPOOL Quality-Specific L-Gas Weekend Contract A1XRJ0 DE000A1XRJ06 GASPOOL GASPOOL Quality-Specific H-Gas Day Contract A1XRJX DE000A1XRJX5 GASPOOL GASPOOL Quality-Specific L-Gas Day Contract A1XRJY DE000A1XRJY3 34

37 Emission Allowances On the Spot Market, EEX offers EU Allowances (EUA) and Certified Emission Reductions (CER). On the Derivatives Market, trading participants can trade EUA, EUAA, CER and ERU futures. In addition to continuous trading on the secondary market, EEX carries out so-called primary market auctions for Emission Allowances on behalf of various countries. At these auctions, emission allowances are issued to the market participants for the first time. 35

38 Secondary Market Derivatives Market Contract volume Fulfilment Delivery day/maturity Trading time 1,000 EUA Physical delivery t + 2 after the last trading day Trading: 8 am to 6 pm CET Trade Registration: 8 am to 6:45 pm CET Short Code Long Name Bloomberg Code Thomson Reuters RIC FEUA European Carbon Future UJLA Comdty 0#FEUA: F2CR Certified Emission Reduction Future FCEZ2 Comdty 0#F2CR: FERU Emission Reduction Units Future ZEYA Comdty 0#FERU: FEAA EU Aviation Allowance Future ZEBA Comdty 0#FEAA: 36

39 Primary Market Spot Market Contract volume Fulfilment Delivery day/maturity Auction 1 EUA (min. lot size 500 EUA) Physical delivery t + 1 Various (see auction calendar) Short Name Short Code Long Name Bloomberg Code Thomson Reuters RIC T3PA 3 rd Phase Auction EUA EUA Primary Auction Spot EEXT3PA-Index EEX-EAU3-AUC EUAA 3 rd Phase Auction EAA3 EU Aviation Allowances Primary Auction EEXXEAA3 Index EEX-EUAA3-AUC Auction calendar: emission-allowances/ emissions-auctions 37

40 Secondary Market Spot Market Contract volume Fulfilment Delivery day/maturity Trading time 1,000 EUA Physical delivery t + 1 Trading: 8 am to 6 pm CET Trade Registration: 8 am to 6:45 pm CET Short Name Short Name Long Name Bloomberg Code Thomson Reuters RIC EUSP 3 rd Phase EUA EU Emission Allowances EEXX03EA Index EUSP.DE EAAC 3 rd Phase EUAA EU Aviation Allowances EEXXEAAC Comdty EAAC.DE Green CER GREC Green Certified Emission Reductions EEXCGREC Index GRECG.DE 38

41 Coal On the Derivatives Market, EEX offers exchange trading and Trade Registration of financially settled coal futures. 39

42 Derivatives Market Contract Maturities Contract volume Quotation Trading time Index Futures on API 2 * and API 4 * Current month and 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 8 am to 6 pm CET * API 2 and API 4 are trademarks of and used under licence from Argus Media Limited and IHS Global Limited. All copyrights and database rights in the API 2 and API 4 Indices belong exclusively to Argus Media Limited/IHS Global Limited. All rights reserved. Argus and IHS take no position on the purchase or sale of EEX s financially settled listings. Coal Long Name Bloomberg Code Thomson Reuters RIC FT2Y ARA Year Future NX1 Comdty 0#FT2Y: FT2Q ARA Quarter Future NN1 Comdty 0#FT2Q: FT2M ARA Month Future NA1 Comdty 0#FT2M: FT4Y RB Year Future AV1 Comdty 0#FT4Y: FT4Q RB Quarter Future O11 Comdty 0#FT4Q: FT4M RB Month Future IV1 Comdty 0#FT4M: 40

43 Products for Trade Registration Contract Maturities Contract volume Quotation Index Futures on API 2 * and API 4 * Current month and 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 trademarks of and used under licence from Argus Media Limited and IHS Global Limited. All copyrights and database rights in the API 2 and API 4 Indices belong exclusively to Argus Media Limited/IHS Global Limited. All rights reserved. Argus and IHS take no position on the purchase or sale of EEX s financially settled listings. Coal Long Name Bloomberg Code Thomson Reuters RIC FE2Y Euro ARA Year Future n.a. 0#FE2Y: FE2Q Euro ARA Quarter Future n.a. 0#FE2Q: FE2M Euro ARA Month Future n.a. 0#FE2M: FE4Y Euro RB Year Future n.a. 0#FE4Y: FE4Q Euro RB Quarter Future n.a. 0#FE4Q: FE4M Euro RB Month Future n.a. 0#FE4M: 41

44 Trading Fees The fees for trading on EEX consist of annual fees, technical fees and transaction fees. Please refer to the current price lists of EEX and ECC: price-list 42

45 Power In cents per MWh Exchange* Clearing Derivatives Market Futures: Exchange trading & Trade Registration Futures: Optional physical settlement on EPEX SPOT 1.0 Options: Exchange trading & registration of options with a premium of 0.15 per MWh or more Options: Exchange trading & registration of options with a premium of less than 0.15 per MWh Options: Delivery of futures upon exercising of an option 0.5 Trade Registration Romania, Italy, Switzerland, Spain, Scandinavia * EEX Power Derivatives GmbH In cents per MWh Exchange* Clearing Guarantees of Origin Exchange trading & registration of trades in futures on Guarantees of Origin Fee holiday until end of Delivery of certificates upon expiry of futures on Guarantees of Origin 0.02 * European Energy Exchange AG 43 Please refer to the current price list of EPEX SPOT: extras/download-center

46 Natural Gas In cents per MWh Exchange* Clearing Spot Market Exchange trades in Within-day contracts for the GASPOOL and NCG market areas Other exchange trades on the Spot Market 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 end of 2014 * EGEX European Gas Exchange GmbH Please refer to the current price list of Powernext: 44

47 Emission Allowances In cents per t CO 2 Exchange* Clearing 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 * Global Environmental Exchange GmbH Coal Exchange* Clearing Derivatives Market in $ cents per t Exchange trading and Trade Registration Fee holiday until end of 2014 Registration of trades in cents per t API 2-EURO, API 4-EURO Fee holiday until end of 2014 * European Energy Exchange AG 45

48 Trading Calendar 2014 The respective valid calendar of expiry dates can be downloaded from the EEX website under On principles, there is no trading for derivatives on weekends and on the following days. All products except gas products (common trading calendar) Exchange days include all the trading days from Monday to Friday (except the holidays specified below). New Year 1 st January Good Friday Easter Monday Gas products (UK trading calendar) Exchange trading days include all the days from Monday to Friday (except the holidays specified below). New Year s Day Good Friday Easter Monday Labour Day 1 st May Labour Day 1 st May * Early May Bank Holiday Spring Bank Holiday Summer Bank Holiday Christmas Eve 24 th December Christmas Day 25 th December Boxing Day 26 th December Christmas Day (or Bank Holiday) Boxing Day (or Bank Holiday) New Year s Eve 31 st Dezember * TARGET2 holiday, therefore, no derivatives trading at EEX The EEX Gas Spot Market is a 24/7 market and is not covered by this calendar. 46

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

50 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: Paris Office: EEX Power Derivatives GmbH 5, Boulevard Montmartre Paris France Phone: +33 (0) Milan Office: European Energy Exchange AG Regus Milan Montenapoleone Via Monte di Pietà, Milano Italy Phone: Brussels Office: European Energy Exchange AG Rue d Idalie Brussels Belgium Phone: Fax: As of: June 2014