June 26 (SeeNews) - The Croatian Power Exchange (CROPEX) said on Monday that Croatian power futures were launched on the European Energy Exchange (EEX).
Their launch is marking a significant milestone in the evolution of the Croatian energy market, CROPEX said on its Linkedin profile.
“With the return of confidence on power derivatives markets and continued high trading volumes on natural gas markets, the new launches bring wider trading options across EEX key markets to meet broadening customer demand,” the Leipzig-based central European electric power and related commodities exchange said in a press release earlier this month.
The Croatian power derivatives on the EEX will initially be introduced by setting up basic long-term financial derivatives (weekly, monthly, quarterly, and annually) with a base and peak profile, with the aim of further developing new products, in accordance with the interests of market participants.
The CROPEX is a company set up to provide a central location for trading electricity to market participants in a safe, reliable and transparent way. It is equally owned by the Croatia’s energy market operator, Hrote, and the transmission system operator, Hops.