PNE wins 24 MW of onshore wind projects in German auction
Sep 19, 2024 8:35 CESTThe European Energy Exchange (EEX) will launch trading in wind power futures on October 4, the Germany-based energy trading platform said this week.
The product will allow participants on the EEX derivatives market to hedge against volume risks in the generation of wind electricity within the German/Austrian market.
This is the second "Energiewende" product for Deutsche Boerse-owned EEX after in September 2015 it started trading in Cap Futures, a derivatives market product for hedging against price peaks on the German Intraday Market.
"Unlike the Cap Future, the Wind Power Future addresses volume risks which arise for market participants on the Day-Ahead Market as a result of the fluctuating feed-in of wind power," said EEX chief strategy officer Tobias Paulun.
EEX offers weekly, monthly, quarterly and annual maturities for the new product. It uses the wind power index for Germany and Austria calculated by EuroWind GmbH for the settlement. This index describes the actual feed-in of power from wind power plants in Germany and Austria relative to the installed capacity on the basis of a model-based approach.
PNE wins 24 MW of onshore wind projects in German auction
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