The European Energy Exchange registered its first deal on industrial wood pellet futures on its platform on January 15. The 10-traded (1,000-ton) deal was delivered on February 18, Vattenfall Energy Trading and Total Gas & Power Ltd.General agent.
These contracts complement EEX's energy-related portfolio of globally traded commodities and provide an effective price hedging tool for market participants and financially resolving futures issues, which are quoted in U.S. dollars and offer a broad range of existing EEX market participants, from utilities, producers to traders.
'EEX started the contract, giving market participants an opportunity to manage price risk and provide a clear and transparent price signal for this fast-growing commodity.' "Eff Chief Operating Officer Steffen Köhler said: 'We welcome brokers 'S support and their cooperation in establishing the wood grain trading market.
Christian Joore, principal trader at Vattenfall Energy Trading, said: "Vattenfall is committed to reducing the use of fossil fuels and is a strong supporter of sustainable biomass applications. Therefore, we welcome the EEX Wood Pellet Plan as new finance like this Tools are tools to effectively hedge biomass prices and credit risk in this growing area of sustainable energy markets. '
'We are once again at the forefront of these exciting new environment markets and we have a proud history of leading green product development and are committed to helping create a strong and vibrant biomass market in the coming years.' Tradition David Jenkins, director of biofuels.
For billing, EEX uses the Argus cif ARA Monthly Index, which is released on the Argus biomass market.
The European Energy Exchange is Europe's leading energy exchange that develops, operates and connects secure, mobile and transparent markets for energy and related products. EEX provides electricity, emission allowances and coal as part of the EEX Group serving the international commodity markets Freight and Agricultural Products Contract. EEX is part of the Deutsche Börse Group.
