Trading begins on Prague Energy Exchange
The Prague Energy Exchange (PXE), a platform for trading electricity in the Czech Republic, launched successfully at 9am CET this morning, with ten participants trading physically delivered futures contracts dated monthly for the remainder of 2007.
PXE is run by the Prague Stock Exchange and is the first market of its kind in central and eastern Europe. PXE is intended as “a solid and standardised platform for electrical energy trading,” according to the exchange. “The first day of trading has gone smoothly so far,” a PXE spokesman told Energy Risk.
Participants on the exchange include utilities CEZ, which is the market maker, and PRE. Banks signed up to clear trades on the exchange include Citibank, HVB and CSOB.
Until now, trading in
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