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European Commodity Clearing
European Commodity Clearing (ECC) is the leading clearing house for energy and commodity products in Europe and the central clearing house for the Global Commodity Exchange, EEX Group. ECC assumes the counterparty risk and guarantees the physical and financial settlement of transactions, providing security and cross-margining benefits for its customers. As part of EEX Group, ECC provides clearing services for EEX, EEX Asia and EPEX SPOT with additional services provided to Power Exchange Central Europe (PXE). In addition, ECC also provides clearing services for the partner exchanges HUPX, HUDEX, NOREXECO, SEEPEX and SEMOpx. Foundation ECC was established as a subsidiary of the European Energy Exchange (EEX) in 2006. In this context, EEX transferred its clearing activities to ECC. The aim has been to provide clearing services for partner exchanges as well. As a first step in this direction, on 5 July 2006, the European Energy Exchange AG (EEX) and the Amsterdam-based European En ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central European Gas Hub
Central European Gas Hub AG (CEGH, formerly known as Gas Hub Baumgarten) is a natural gas company based in Vienna, Austria. It was founded in 2005 as a subsidiary of OMV, OMV Gas & Power GmbH. In December 2009, CEGH, together with Wiener Börse AG, opened the CEGH Gas Exchange Spot Market. The Futures market followed in December 2010. CEGH is owned by OMV, OMV Gas & Power GmbH (65%), Wiener Börse AG (Vienna Stock Exchange) 20% and the Slovenský plynárenský priemysel, Slovak gas transmission system operator eustream a.s. (15%). Central European Gas Hub provides a gas trading platform in Austria for international gas trading companies. Since January 2013 CEGH is the operator of the VTP (Virtual Trading Point) in Austria (market area east). References External links *{{Official website, www.gashub.atThe importance of gas trading hubs for SlovakiaPeter Ševce , 24.07.2008The Shadowy Side of Gazprom’s Expanding Central European Gas Hub Publication: Eurasia Daily Monit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HUPX Hungarian Power Exchange
HUPX Hungarian Power Exchange is the day-ahead power market which was launched in July 2010 as part of the liberalization of the Hungarian energy sector. Markets and products HUPX intraday market enables members to trade 15-minute intraday products on the Hungarian Power Exchange. An organized intraday market provides more opportunities for market players to reduce their need for imbalance energy, to optimize power generation closer in time to delivery and it is also appropriate for managing forecast errors or unforeseen power plant outages. HUPX is also offering physically settled futures trading. This market provides weekly, monthly, quarterly and yearly baseload/peakload contracts. Since the fourth quarter of 2015 initiator transaction fee was reduced to 0 EUR/MWh, which contributed to a significant boost in the liquidity. The traded volumes jumped from 3 627,3 GWh in 2014 to 6 485,6 GWh in 2015. On 1 January 2016 HUPX PHF listed 31 members. In addition to the settlement o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
