RWE : extends EEX Market Making agreement to Spanish, French and Italian Power

The European Energy Exchange (EEX) has welcomed RWE Supply & Trading GmbH as a market maker for the Spanish, French and Italian Power Futures Markets. Under the new agreement RWE Supply & Trading will promote liquidity in these markets by providing bidoffer spreads for Baseload Month, Quarter and Year contracts in the order book.

'In 2016, we made significant progress in these markets and the further support from RWE will help us to grow the liquidity, in particular in the emerging Spanish market. We very much appreciate RWE as a partner in further developing our offering for the European power markets', comments Steffen Köhler, EEX Chief Operating Officer.

'Our company has a long history of effectively supporting market transparency and liquid markets. As one of the leading trading firms engaged in fuel commodity trading we see great benefits in a broad market space and a wide variety of participating market players', says Peter Krembel, Chief Commercial Officer of RWE Supply & Trading. 'As part of the RWE Group, we seek to maintain and support market developments in the established European commodity markets, as well as expanding our involvement in market areas with unique development potential such as the Asian Pacific market region. As such, our support for French, Italian and Spanish power futures is regarded as logical consequence, meeting our ambitions in competitive markets.'

EEX's offering for the Spanish, French and Italian market comprises exchange trading and Trade Registration Services for the whole derivatives curve, from daily up to yearly maturities. In addition, the exchange offers location spread trading between Spain and France as well as Italy and France. Furthermore, EEX trading participants can trade options on the Baseload Futures (Month, Quarter, Year) for the three market areas.

The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). More information: www.eex.com

RWE Supply & Trading is a leading European energy trading house. The company is responsible for the economic optimisation of power generation and the entire non-regulated gas business of RWE. Its 1,100 employees are active players on the global wholesale markets for energy and energy-related raw materials in both their physical and derivative forms. Their portfolio also includes emission certificates, freight, weather derivatives, and biomass. Large industrial companies and trading partners are offered long-term delivery concepts by RWE Supply & Trading next to trading-based portfolio and risk management solutions.