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The European Energy Exchange (EEX), in cooperation with the Croatian Power Exchange (CROPEX), will issue Croatian power futures on June 26.
The launch of trading in Croatian power futures on the derivatives market will for the first time set a long-term benchmark price for Croatia’s electricity market, up to three years ahead, allowing market participants to hedge against future price exposure and providing investors with a clear price signal for investment planning, according to EEX and CROPEX.
Croatian power derivatives on EEX will initially be introduced by setting up basic long-term financial derivatives (weekly, monthly, quarterly, and annual) with a base and peak profile.
EEX and CROPEX also plan to roll out new products
The aim is to further develop new products, in line with the interests of market participants, the two exchanges said.
Elsewhere in the region, EEX has already issued futures for some countries. The first trades in Slovenian and Bulgarian power futures were registered on June 14, 2019, while the first transaction in Serbian futures took place a few days later.
Two years earlier, in June 2017, EEX expanded its portfolio with financial derivatives for the markets of the Czech Republic, Slovakia, Hungary, Poland, and Romania.
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