ECC Clearing Circular 20/2024 | Handling of delivery risk in EPEX GB power spot markets: New limit management option for Clearing Members in M7 and ETS

    Targeted recipients of this Clearing Circular:

    • Clearing Members offering clearing services for Non-Clearing Members active on EPEX GB power spot markets
    • Non-Clearing Members acting in EPEX GB markets



    EPEX SPOT will enable a new functionality in the trading systems ETS and M7 for the GB power spot markets, which allows ECC Clearing Members to determine on a member-per-member basis to include or exclude delivery risk exposures in the utilization of the financial pre-trade limit. This new option will be available from 23 April 2024 onwards.

    Clearing Members are asked to inform ECC if they would like to deviate from the default setting (consideration of delivery risk) and to deactivate the GB Delivery Risk Parameter.


    European Commodity Clearing AG
    Clearing & Settlement
    Phone: +49 341 24680-444