Introduction of new products and data sources

EEX Starts Trading in Cap Futures for German Market


On September 14, 2015 the European Energy Exchange (EEX) launched Cap Futures, which allow to hedge against price peaks that may occur on the German intraday power market.

ISIN WKN Short code Name
DE000A160PX2 A160PX C1B1 German Intraday Cap Future
DE000A160PY0 A160PY C1B2 German Intraday Cap Future
DE000A160PZ7 A160PZ C1B3 German Intraday Cap Future
DE000A160P05 A160P0 C1B4 German Intraday Cap Future
DE000A160P13 A160P1 C1B5 German Intraday Cap Future

The amount of the payment corresponds to the difference between the market price, measured by the ID3-Price published by EPEX SPOT, and the amount of the cap. The Cap Future is a financially settled derivatives contract developed against the backdrop of the increasing generation of renewable energies, which cannot be planned reliably in advance. This in turn, means that an increasing number of price peaks can occur on the German Intraday Market. For example, the Cap Future enables marketers of wind energy to hedge against high prices for compensating purchases should the wind yield prove to be lower than expected. Operators of conventional, flexible power plants can hedge against the price peaks to be expected in advance and, therefore, secure the expected revenues from price peaks.

ZEMA collects thousands of regular data reports on power, more than 700 of which are based in Europe. To learn more about ZEMA’s huge data library, visit www.ze.com/the-zema-solutions/data.

See the original announcement.

 Effective Date: September 14, 2015


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