Leipzig, 15 March 2010

EEX Power Derivatives supplements the product range of tradable Phelix Futures on the Power Derivatives Market. From 29 March 2010, trading participants of EEX will also be able trade financially settled futures on a weekly basis. The Phelix Week Futures is a financial derivatives contract which refers to the average Power Spot Market prices of future delivery periods. The Phelix Week Future with the load ranges base load and peak load can be traded for the current week and the next four weeks.

“This expansion of our product range closes the gap between the Spot and the Derivatives Market and enables our trading participants to implement financial hedging during a usually volatile period“, Oliver Maibaum, Managing Director of EEX Power Derivatives GmbH, explains and adds: “The week futures are the logical complement to the Phelix Month, Quarter and Year Futures which can be traded at the moment.”

Just like the existing Phelix Futures products, the new products can also be traded and cleared by the Eurex participants through their existing infrastructure in the framework of the cooperation between EEX and Eurex.

EEX Power Derivatives GmbH is a majority-owned subsidiary of European Energy Exchange AG (EEX), which was established as of 1 January 2008. EEX Power Derivatives operates the German and the French Power Derivatives Market and, hence, has a central position in Continental European power trading. Currently, 150 companies are admitted to trading on EEX Power Derivatives.

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