The European Energy Exchange (EEX) has announced that it will launch trading in the new Wind Power Futures product on 4 October. The participants of EEX Derivatives Market will be able to hedge against volume risks in the generation of wind power within German/Austrian market area.
In September 2015, EEX started trading in Cap Futures, a Derivatives Market product for hedging against price peaks on the German Intraday Market. Chief Strategy Officer of EEX Tobias Paulun explained that unlike the Cap Futures, the Wind Power Futures address volume risks which arise for market participants on Day-Ahead Market as a result of the fluctuating feed-in of wind power. The new product is an index future for which EEX offers weekly, monthly, quarterly and annual maturities.
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Tags: EEX, electricity, electricity exchange, futures, Germany, Region, trading, wind