June 20, 2022
June 20, 2022
The European Energy Exchange (EEX) and the Croatian Power Exchange (CROPEX) expect to launch trading in Croatian power futures in the first quarter of 2023. The plan to roll out Croatian power derivatives was announced last year.
EEX said Croatian power futures will be introduced gradually, beginning with the basic long-term future curve (comprising week, month, quarter and year futures). The product range will then be successively expanded as market interest grows, according to a statement by CROPEX.
Croatian futures will be introduced gradually
This step-by-step approach, according to EEX, has proven to be a successful strategy for the joint development of new markets.
After a recent full integration of spot markets into the internal EU market, CROPEX is working with EEX to offer financial instruments derived from CROPEX day-ahead price for all EU market participants, said Silvio Brkić, CEO of CROPEX.
The launch of Croatian futures comes after the 2019 roll-out of Bulgarian, Slovenian, and Serbian power futures
Croatian futures are being introduced after EEX launched Bulgarian, Slovenian, and Serbian power futures in 2019, according to earlier reports.
The first trades in Slovenian and Bulgarian power futures were registered on June 14, 2019, while the Serbian power exchange, SEEPEX, announced the first trade in Serbian power futures a few days later.
EEX Group has been successfully developing power markets in the Central and South Eastern Europe (CSEE) region for five years, ever since it added to its portfolio power derivatives products for the Czech Republic, Slovakia, Hungary, Poland, and Romania in June 2017, according to a press release.
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