Electricity

Serbian power futures begin trading

Photo: rawpixel from Pixabay

Published

June 18, 2019

Country

Comments

comments icon

0

Share

Published:

June 18, 2019

Country:

Comments:

comments icon

0

Share

The European Energy Exchange (EEX) has registered the first trade in Serbian power futures, the Serbian power exchange, SEEPEX, announced today.

EEX registered the first trade in Serbian power futures, specifically a monthly future for July, at the price of EUR 51.45 per MWh, SEEPEX said.

The first trade in Serbian power futures, specifically a monthly future for July, was at the price of EUR 51.45/MWh

Buying power futures helps control electricity expenses, contributing to business predictability, according to participants in a workshop recently organized by EEX and SEEPEX.

Financial derivatives help all market participants hedge price risk, which is particularly important for the electricity market due to major price volatility, said SEEPEX Executive Director Miloš Mladenović, recalling that SEEPEX has so far only offered the day-ahead benchmark price.

Futures are a tool to hedge risk on the electricity market, marked by major price volatility

The Serbian power exchange is now able to offer benchmark prices for contracts up to six years ahead.

Mladenović also said that futures trading requires a stable and robust spot price, noting that SEEPEX has registered strong results in terms of trade volume and participant number over the past period.

The first trades in Slovenian and Bulgarian power futures were registered on June 14. The go-live for the three countries’ futures had been announced for June 3.

Yearly Slovenian power futures, for 2020, were traded at EUR 57.80 per MWh, BSP SouthPool said.

For its part, IBEX said that the trade was for a monthly product July 2019, adding that the financial settlement is based on the clearing price of the Bulgarian day-ahead market operated by IBEX.

The product offering includes cash-settled power futures for Slovenia covering base and peak load products with weekly, monthly, quarterly and yearly maturities, as well as cash-settled Bulgarian and Serbian base load products with the same maturities, EEX said earlier.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

gas interconnector srbijagas nomagas

Serbia, North Macedonia working on gas interconnector project

03 July 2025 - Srbijagas and Nomagas have expressed their intention to build the Serbia – North Macedonia gas interconnector soon.

IHA Turkey 2024 hydropower additions highest Europe again

IHA: Turkey’s 2024 hydropower additions highest in Europe again

03 July 2025 - The world's hydroelectric capacity increased 1.7% last year to 1.44 TW, the International Hydropower Association said in its annual report

YEO Defic Globe projects 219 MW Romania rebranding

YEO’s Defic Globe buys projects for 219 MW in Romania amid rebranding

03 July 2025 - Defic Globe, controlled by YEO, acquired 15 project firms developing plans for power plants and battery storage in Romania

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas