Download Report

Press release
29.04.2015
Go live of CEGH Czech Gas Spot Market
on 4 May 2015
CEGH and PXE extend their cooperation on CEGH Czech Gas Futures
Market with a Spot Market
Fee Holidays for registration fee and membership fee until end of 2015
ECC offers Clearing Services for the Spot and Futures Market
The Austrian Central European Gas Hub AG (CEGH) and the Czech POWER
EXCHANGE CENTRAL EUROPE (PXE) will launch the CEGH Czech Gas
Spot Market on 4 May 2015. The Market is operated by PXE, clearing will be
provided by European Commodity Clearing (ECC). The partners launched
the Gas Futures Market in December 2013, now the Gas Exchange will also
offer Spot Trading.
Day Ahead, Weekend and Weekend-Days will be tradable, physically settled with
delivery to the Czech Virtual Trading Point.
Day Ahead contracts are tradable on each Exchange working day from 08:00 a.m. to
03:00 p.m., trading is offered on the day before delivery. Trading of the Weekend and
Weekend-Day contracts is offered on Thursday and Friday.
The minimum trade size is 1 MW, all contracts will be delivered as a base load product.
Together with the extension of the product portfolio the partners will bring another
important improvement of the clearing services. The single-sided nomination will be in
place since May. This improvement will affect the CEGH Czech Gas Spot Market as well
as the CEGH Czech Gas Futures Market.
“We are very proud to offer our clients with the CEGH Czech Gas Spot Market a new
market in cooperation with PXE. CEGH as the most important gas hub in Central and
Eastern Europe adds another service to facilitate gas trading in the region for the benefit
of traders and consumers”, says Gottfried Steiner, CEO of Central European Gas Hub.
“With the launch of the CEGH Czech Gas Spot Market, we can offer traders interesting
opportunities in the dynamically growing Czech gas market. We extend our services for
our customers from the Gas Futures to the Gas Spot market utilizing our strengths in the
electricity sector”, adds David Kucera, Secretary general of POWER EXCHANGE
CENTRAL EUROPE.
The launch will be supported by fee holidays for the once off registration fee and the
monthly membership fee, which will not be charged until end of 2015.
-1-
Press release
CEGH Czech Gas Spot Market - contract specification:
Day Ahead
Weekend
Weekend Days
Gas
product
type
Base load
Base load
Base load
Delivery
point
VTP Czech Republic
(OTE)
VTP Czech Republic
(OTE)
VTP Czech Republic
(OTE)
Trading
period
Saturday tradable
Thursday - Friday
D+1
(D+2 may appear in
case of public holidays)
tradable Thursday Friday
Trading
hours
8:00 a.m. to 03:00 p.m.
8:00 a.m. to 03:00 p.m.
8:00 a.m. to 03:00 p.m.
Price
units
EUR/MWh
EUR/MWh
EUR/MWh
0.025 EUR/MWh
0.025 EUR/MWh
Minimum
price
0.025 EUR/MWh
change
For further information, please contact:
Roland Wolk
Central European Gas Hub AG
Tel. +43 1 2702700 – 28508
E-Mail: roland.wolk@gashub.at
Homepage: www.cegh.at
-2-
Sunday - tradable
Thursday - Friday
Press release
Background information:
Central European Gas Hub:
The Central European Gas Hub AG (CEGH) provides a gas trading platform in Austria for international gas
companies and runs the CEGH OTC Market and the CEGH Gas Exchange of Wiener Boerse with a Spot Market
(including Within-Day Market) and a Futures Market. CEGH also offers the CEGH Czech Gas Futures Market in
cooperation with PXE. CEGH is the operator of the Virtual Trading Point (VTP) in Austria.
CEGH is a subsidiary of OMV Gas & Power (65%), Wiener Boerse (20%) and Eustream (15%). In 2014, the
CEGH established itself as one of Central Europe's leading trading platforms when it achieved a trading volume of
440 TWh of natural gas.
POWER EXCHANGE CENTRAL EUROPE:
POWER EXCHANGE CENTRAL EUROPE (PXE) was founded in July 2007 and facilitates the trading of
electricity, with the place of delivery in the Czech Republic, Slovakia, Hungary, Poland and Romania. It is the
largest market in futures contracts for electricity with physical and financial settlement in Central and Eastern
Europe. PXE is a subsidiary of the Prague Stock Exchange, and is also part of the CEE Stock Exchange Group,
which operates stock exchange platforms in Prague, Vienna, Budapest and Ljubljana. CEE Stock Exchange
Group is the largest group of exchanges in Central and Eastern Europe.
European Commodity Clearing:
European Commodity Clearing (ECC) is the central clearing house for energy and related products in Europe. In
its capacity as the central counterparty, ECC assumes clearing as well as physical and financial settlement of
transactions concluded or registered on CEGH Gas Exchange of the Vienna Stock Exchange, EEX,
EPEX SPOT, Gaspoint Nordic, HUPX, Powernext and POWER EXCHANGE CENTRAL EUROPE (PXE).
Furthermore, ECC will start clearing services for the Norwegian NOREXECO soon.
-3-