Fact Sheet part of eex group

Transcription

1 Fact Sheet 2018 part of eex group

2 Building a network Powernext is actively building a network of partnerships and is committed to create a trusting relationship with our members, infrastructure operators and regulators to ensure the continuous improvement of our products and services. This is key to our success as an active player in the global energy sector. Developing energy market solutions As a market facilitator Powernext develops tailor-made solutions for energy markets. Market structures provide the best instruments for the efficient management of upcoming challenges in the energy sector. Powernext operates the Pan-European gas platform PEGAS, as well as the registry for Guarantees of Origin and the registry for Capacity Certificates for RTE. Since January 2018 Powernext operates the White Certificate registry in France. Other services include balancing solutions and algorithmic trading solutions for TSOs. Established in 2001, Powernext is a regulated market under French legislation. Powernext is headquartered in Paris and active across Europe. Key figures 9 Countries of activity 235 Members 1,977.8 TWh traded on PEGAS in Employees

3 One platform for one European Gas Market PEGAS was launched in 2013 as a cooperation between EEX and Powernext. Since January 2015, all business activities of EEX and Powernext on the European gas markets are operated by Powernext under the PEGAS brand. As partner of the European gas industry, the pan-european gas platform PEGAS connects gas markets across Europe, encompassing 12 gas hubs in Belgium, the Netherlands, France, Germany, the Czech Republic, Italy, UK, Denmark and Austria. PEGAS lists spot and derivatives contracts for the major European gas hubs as well as trading in location spread products between these market areas. 24/7 trading on all natural gas spot markets. Futures markets are open from 8 a.m. to 6 p.m. on weekdays. Clearing is ensured by the Clearing House European Commodity Clearing (ECC). PEGAS Volumes (TWh) Futures Spot , , , , ,151.6 TSO coupling & balancing An efficient use of the gas interconnection capacity between market areas is vital for the integration of the European energy market, especially on congested interconnections. Powernext provides services to gas Transmission System Operators (TSOs) to support their balancing activities. These trading algorithms provide auditable reports of all order and trading data to both TSOs and regulators

4 Registry Solutions History French Guarantees of Origin Registry In 2013 Powernext was appointed by the French Ministry of Ecology, Sustainable Development and Energy to operate the French National Registry of Guarantees of Origin (GOs). The GO system is the only recognized system in France for renewable energy production tracking. It ensures transparency towards end consumers concerning their consumption. Registry solution supporting the French capacity market for power The French power capacity mechanism is a key tool for ensuring security of supply in France, encouraging adequate investments in generation and demand-response capacities. Powernext developed and operates an electronic registry solution for RTE that enables capacity guarantee certificates to be booked and transferred between market participants. French White Certificates Registry The White Certificates mechanism provides French energy suppliers with a tool to incentivise energy savings by the consumer. For each saved kwh energy suppliers are granted a White Certificate which is booked on the National White Certificates Registry. Powernext has been appointed to operate this registry for the period Incorporation of Powernext and launch of power spot market in France. Launch of power futures market segment in France. Introduction of Powernext Gas Spot and Powernext Gas Futures. Incorporation of EPEX SPOT as a joint venture with EEX. Powernext operates the French National Registry for Guarantees of Origin. EEX and Powernext launch the PEGAS platform as a cooperation for natural gas trading in Europe. Powernext becomes part of EEX Group. Integration of spot and futures products of Central European Gas Hub (CEGH) and Gaspoint Nordic into the PEGAS platform. Launch of time spread products on Pegas Futures. Integration of CZ VTP market.

5 Powernext is part of EEX Group EEX Group provides the central market platform for energy and commodity products in 35 countries worldwide. The offering of the group comprises contracts for Energy, Environmentals, Freight, Metals and Agriculturals. With high specialization and local presence in their core markets the companies of EEX Group answer to the needs of their customers for tailor-made solutions and easy market access. The synergetic, integrated group portfolio is completed by two clearing houses which ensure a proper clearing and settlement of trading transactions. EEX Group is part of Deutsche Börse Group and located in 16 locations worldwide. The EEX Group consists of the specialists European Energy Exchange, EPEX SPOT, Powernext, Cleartrade Exchange, Power Exchange Central Europe (PXE), Gaspoint Nordic, Nodal Exchange and the clearing companies European Commodity Clearing (ECC) and Nodal Clear. 2017: launch of cooperation CZ VTP between Powernext, CEGH and PXE. 2016: integration of spot and futures products of CEGH and Gaspoint Nordic into PEGAS platform. 10 More than 540 employees in 16 different locations _ Leipzig - HQ 02_ Amsterdam 03_ Berlin 04_ Bern 05_ Brussels 06_ Copenhagen 07_ London 08_ Luxembourg 09_ Milan 10_ Oslo 11_ Paris 12_ Prague 13_ Singapore 14_ Vienna 15_ Madrid 16_ Washington D.C

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7 POWERNEXT SAS 5 Boulevard Montmartre Paris France information@powernext.com Telephone: +33 (0) Registered at the Paris Register of Companies under n President of Powernext SAS: Dr. Egbert LAEGE Capital: Euros Consulting & design: Kstories Contacts: PEGAS: pegas-sales@powernext.com To become a member: membership@powernext.com Press: press@powernext.com For all other information: information@powernext.com

8 One platform for one European Gas Market

9 A gas trading platform PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas on 12 hubs in 9 countries. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location and time spread products. This setup enables market harmonisation and forms the preferred pan-european natural gas market. PEGAS Volumes (TWh) Futures Spot , , , , ,151.6 PEGAS & MiFID II With the entry into force of MiFID II on the 3 rd of January 2018, Powernext established the necessary reporting and compliance measures for its derivatives traded under the regulated market license. In addition, Powernext operates an OTF since January Products traded on this platform that must be physically settled are not financial instruments under MiFID II. Key figures 235 Trading Members 9 Countries, 12 Hubs 1,000+ Products 1,977.8 TWh traded on PEGAS in 2017

10 Leading platform for European gas trading TTF NBP ZEE ZTP next 6 PEG NORD TRS next 6 months PSV futures from the next month to the Reliable price references Spot: End of Day (EOD), European Gas Spot Index (EGSI), Within Day References Price (WD RP) Futures: Front Month Settlement Prices, Monthly Index, Daily European Gas Index (EGIX) Clearing is ensured by the Clearing House ECC

11 ETF s History 2007 Launch of EEX gas products for the German market. GASPOOL contracts in spot NCG and from withinday to the next 6 calendar CEGH VTP CZ VTP contracts spot and futures products from Main TSOs use PEGAS for their balancing needs + 1 Storage Operation 24/7 trading on all natural gas spot markets Launch of Powernext gas spot and Powernext gas futures for the French market. Launch of EEX gas spot products on TTF. In February, launch of monthly, quarterly, seasonal and yearly contracts on the Dutch TTF, as well as a PEG Nord/TTF Spread product. EEX and Powernext launch the PEGAS platform as a cooperation for natural gas trading in Europe, transfer of natural gas spot contracts traded on the EEX to PEGAS. Launch of Belgian ZTP spot and futures contracts. PEGAS launches the Belgian ZEE gas spot and futures markets as well as UK NBP spot and futures and PSV futures markets. EEX becomes Powernext s majority shareholder, successful migration of all active EEX gas market members to Powernext. Integration of spot and futures products of CEGH and Gaspoint Nordic into the PEGAS platform. Launch of time spread products on Pegas Futures. Integration of CZ VTP market.

12 Powernext is part of EEX Group EEX Group provides the central market platform for energy and commodity products in 35 countries worldwide. The offering of the group comprises contracts for Energy, Environmentals, Freight, Metals and Agriculturals. With high specialization and local presence in their core markets the companies of EEX Group answer to the needs of their customers for tailor-made solutions and easy market access. The synergetic, integrated group portfolio is completed by two clearing houses which ensure a proper clearing and settlement of trading transactions. EEX Group is part of Deutsche Börse Group and located in 16 locations worldwide. The EEX Group consists of the specialists European Energy Exchange, EPEX SPOT, Powernext, Cleartrade Exchange, Power Exchange Central Europe (PXE), Gaspoint Nordic, Nodal Exchange and the clearing companies European Commodity Clearing (ECC) and Nodal Clear. 2017: launch of cooperation CZ VTP between Powernext, CEGH and PXE. 2016: integration of spot and futures products of CEGH and Gaspoint Nordic into PEGAS platform. 10 More than 540 employees in 16 different locations _ Leipzig - HQ 02_ Amsterdam 03_ Berlin 04_ Bern 05_ Brussels 06_ Copenhagen 07_ London 08_ Luxembourg 09_ Milan 10_ Oslo 11_ Paris 12_ Prague 13_ Singapore 14_ Vienna 15_ Madrid 16_ Washington D.C

13 Become a Powernext member and trade on Pegas platform TRADING CLEARING DELIVERY TSO Contact: Sales Clearing Member Shipper Membership package Admission package Admission Powernext Admission ECC POWERNEXT SAS 5 Boulevard Montmartre Paris France information@powernext.com Telephone: +33 (0) Contacts: PEGAS Sales Team: pegas-sales@powernext.com Paris: +33 (0) Leipzig: London: To become a member: membership@powernext.com Press: press@powernext.com PEGAS Market Operations: gas@powernext.com Paris: +33 (0) Registered at the Paris Register of Companies under n President of Powernext SAS: Dr. Egbert LAEGE Consulting & design: Kstories Capital: Euros