From 26 June 2017 onwards ECC will offer clearing services for EEX Phelix-AT Futures. These new contracts will be settled against a day-ahead spot price for the Austrian market area, calculated by EPEX SPOT. EEX launches these financially-settled power futures for Austria against the background of a possible split of the German-Austrian price zone.
In response to market demand, EEX will further extend the Phelix-DE product suite by adding short-term contracts and introducing Phelix-DE non-MTF contracts. In addition, EEX Options on Phelix-DE Base Futures for the German market area will be offered from 28 June 2017 for clearing.
This Clearing Circular contains information regarding the product set-up, the settlement processes and the preconditions for participation.