The European Energy Exchange (EEX) admitted Trading Hub Europe GmbH (THE) as a new trading participant on the Gas Derivatives Market. On 5 October 2022, the first trading by THE took place on the EEX Gas Derivatives Market.
In the past months, THE has procured and stored gas volumes market-based via the EEX Gas Spot Market on behalf of the German government. Now, this stored gas is to be made available again on a market basis via the EEX Derivatives Market. THE had applied for admission to the EEX Gas Derivatives Market to optimally govern the managed gas storage facilities on behalf of the Federal Ministry of Economic Affairs and Climate Action and the Bundesnetzagentur.
Peter Reitz, Chief Executive Officer of EEX, comments on this step: "We would like to thank THE and German politicians for their confidence in the EEX Gas Markets and are pleased that we are able to contribute to securing the gas supply. EEX will continue to develop and offer market-based and cost- efficient solutions for upcoming challenges in dialogue with trading companies, infrastructure operators and regulators."
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Natural Gas and Emission Allowances as well as Freight and Agricultural Products. EEX also provides registry services as well as auctions for Guarantees of Origin, on behalf of the French State. www.eex.com