PowerNext
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| Powernext | |
| Founded | 2001 |
|---|---|
| Headquarters | Paris |
| Key People | Jean-François Conil-Lacoste, CEO |
| Products | Electricity exchange |
| Web site | http://www.powernext.fr/index.php?newlang=eng |
Powernext, launched in July 2001, is an electricity, or power market, based in Paris. Powernext is owned by a consortium of companies including NYSE Euronext, which holds a 34% stake, plus BNP-Paribas, ELIA (Belgium Transmission System Operator), EDF, Electrabel, RTE (French Transmission System Operator), Société Générale and TotalFinaElf.[1]
Powernext and European Energy Exchange in December 2007 announced plans to create a single electricity market where power volumes for France, Germany, Austria and Switzerland will be traded.[2] The spot market will be in Paris while contract trading will be based in Leipzig and is expected to be completed by 2009.[3]
Powernext sold off its Powernext Carbon market and Powernext Weather in December 2007 to NYSE Euronext and Caisse des Dépôts, which changed the name to BlueNext.[4]
Products and Services
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Powernext lists four electronic markets with straight-through processing:
Powernext Day-Ahead represents the benchmark short-term market for energy participants to hedge hourly electricity balancing risk 365 days a year.
Powernext Futures provides electricity price risk hedging and arbitrage strategy at medium-term with a liquid market offering three years of maturities.
Powernext Balancing GRTgaz is the result of the closed cooperation with GRTgaz. This platform will allow the Transmission System Operator GRTgaz to progressively cover its daily balancing needs through a market based mechanism. The prices of the transactions will serve gradually to valorise the daily imbalances of the shippers on the four balancing zones managed by GRTgaz.
Key People
References
- ↑ Presentation. Powernext. Retrieved on April 28, 2008.
- ↑ European Energy Exchange searches for partners beyond cooperation with Powernext. Thomson Financial. Retrieved on April 25, 2008.
- ↑ Powernext’s Board Approves the Plan to Join Forces with EEX in a Clear Support of the European Energy Market Integration. Powernext. Retrieved on April 25, 2008.
- ↑ NYSE Euronext and Caisse des Dépots launch BLUENEXT,the international exchange for the environment. BlueNext. Retrieved on April 25, 2008.
