The European Energy Exchange AG (EEX) intends to merge Powernext activities into EEX on 1 January 2020, subject to the required approvals. Through the integration of Powernext into EEX, the exchange will offer all products at one single market place while simplifying the admissions of new participants. Members will be able to easily trade a larger EEX portfolio including natural gas, power and emission allowances while continuing to benefit from cross margining effects as ECC will remain the central counterparty for clearing transactions.
Once the merger has been completed, all trading in PEGAS natural gas spot and derivatives (Regulated Market and OTF) will be organised under the rulebooks of EEX for the Regulated Market and the OTF. The Guarantees of Origin auction and the registries activities will also be operated by EEX. Powernext will be incorporated into EEX, becoming a Paris based center of expertise, maintaining all stakeholder relations and know-how for natural gas markets and registry services.
This circular contains first relevant information. We will provide you with further information in due time.