April 8 (SeeNews) - The European Energy Exchange (EEX) plans to launch on June 3 cash-settled power futures for Serbia and Slovenia, it said.
The futures will cover base and peak load products with weekly, monthly, quarterly and yearly expiries, EEX said in a statement last week.
The listing of the new power futures extends the pan-European offering of EEX to the emerging power markets in Central and South Eastern Europe, thereby extending its range to 20 market areas throughout Europe.
Last week, the Independent Bulgarian Energy Exchange (IBEX) said that the European Energy Exchange (EEX) will start offering power futures also for the Bulgarian market, starting from June 3.
"The introduction of these new products and maturities reflects the development of EEX as part of a global commodity exchange group", Tobias Paulun, Chief Strategy Officer of EEX, said.
EEX develops, operates and connects markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power and Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Boerse Group.