• Natural gas: EEX European Gas Spot Index (EGSI) Futures to be extended to NBP
• Power Futures: Launch of Croatian market and expanded offering for Japanese Power Futures
• Freight: Extension of Options expiries

The European Energy Exchange (EEX) announces the launch of EGSI Natural Gas Index for NBP, several new power and natural gas products and the extension of expiries for selected power, gas and freight derivatives markets. All products will be available as of 26 June 2023. With the return of confidence on power derivatives markets and continued high trading volumes on natural gas markets, the new launches bring wider trading options across EEX key markets to meet broadening customer demand.

The new power products comprise Croatian Power Futures, Swiss Power Futures for peak hours, and short-term maturities for the Japanese power markets. In addition to that, monthly maturities for French and Japanese Power Futures will be extended. For natural gas trading, longer expiries will be applied to the TTF, THE, CEGH, and PEG markets. Furthermore, EEX will add expiry extensions on the freight market.

On the natural gas market, EEX will extend its EGSI benchmarks to also include NBP, the fastdeveloping UK market, which has become one of the most liquid gas market areas in recent years.

The calculation of EGSI benchmarks is based on thousands of trades executed on the EEX Natural Gas spot markets. It is a volume weighted average price based on all transactions of the day (8.00 am to 6.00 pm CET). Due to the large liquidity of the EEX spot markets, combined with the robust methodology used, EGSI has become the most transparent and trustworthy natural gas index in Europe. Subsequently, EEX will launch financially settled (EGSI) Natural Gas Futures also for NBP, offering the full range of maturities (from daily up to yearly contracts) with the trusted EGSI benchmark as underlying.

Peter Reitz, Chief Executive Officer of EEX, points out the new chances: “We are delighted that we can broaden trading opportunities for our trading participants across the various markets we are present in, through new and extended products. We aim to create long-term trust through extended expiries and see the launch of Croatian and the new Japanese products as an important step in our geographical expansion. In addition, the extension of our EGSI financial futures to NBP will enhance trading options for UK market participants.”

In the Power Derivatives market, Croatian Futures are the latest addition to EEX’s product portfolio with a variety of power base and peak futures, bringing the number of European markets with this product offering to a total of 21.

Beyond Europe, the Japanese Power market has shown extensive growth over the last year, especially the first quarter of 2023. To meet these growing needs, from June onwards, traders will have access to new short-term futures for the Tokyo area, enabling the diversification of positions. In addition to the new products, EEX will extend the expiries of several option contracts to enable wider long-term options for trading across power, natural gas as well as freight markets.

Overview of all new products and expiries on the respective markets: New EEX Power and Natural Gas Futures