Powernext
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| Type | Physical commodity and derivates exchange (energy) |
|---|---|
| Location | Paris, France |
| Founded | 2001 |
| Key people | Pierre Bornard, Chairman of the Board |
| Currency | EUR |
| Commodities | power derivates electric power natural gas |
| Website | www.powernext.com |
Powernext is a regulated investment firm based in Paris and operating under the “multilateral trading facility” (MTF) status. Powernext currently designs and operates state-of-the-art electronic trading platforms for spot and derivatives markets in the European energy sector. In the near future, Powernext plans to broaden its product offer to other areas, operated on its own or in partnership for other exchanges through service provision.
Powernext’s capital is held by a group of European transmission system operators in electricity and natural gas, and European energy utilities (RTE, GRTgaz, EDF, GDF Suez, Total, etc.).
Powernext SA, incorporated in 2001, manages several complementary, transparent and anonymous energy markets: Powernext Gas Spot and Powernext Gas Futures were launched on November 26, 2008 in order to hedge volume and price risks for natural gas in France from Within-Day to the next three gas seasons. This platform also allows the Transmission System Operator GRTgaz to progressively cover its daily balancing needs through a market-based mechanism.
EPEX Spot, based in Paris and owned equally by Powernext and by EEX, the German energy organized market, was launched on January 1, 2009 and facilitates, 365 days a year, the hourly balancing of physical power delivered the following day on the French, German/Austrian and Swiss hubs. In April 2009, Powernext contributed the French power derivatives to EEX Power Derivatives, a company dedicated to European power derivatives, based in Leipzig, against a 20 percent equity stake in this company.
Powernext Carbon, the leading spot EUA market, was sold to NYSE Euronext in December 2007.