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Powernext manages the European energy exchange based in Paris. Image File history File links Broom_icon. ...
Incorporated in July 2001 and subsidiary of Euronext, it has built a network of 90 European members, among which producers (EDF, RWE, Electrabel, Endesa...) end users, banks, traders and retailers... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ...
RWE AG, until 1990 named Rheinisch-Westfälisches Elektrizitätswerk AG, is a German public utility and electric power company based in Essen. ...
Powernext has so far launched three complementary markets:
Powernext Dayahead, in November 2001, providing a short-term price reference to hedge balancing needs and volume risks on the French hub;
Powernext Futures®, in June 2004, a medium term price reference to hedge price risks;
Powernext Carbon, in June 2005, the leading European CO2 allowance spot market to hedge greenhouse gas emissions non-compliance risks; Carbon emissions trading involves the trading of permits to emit carbon dioxide (and other greenhouse gases, calculated in tonnes of carbon dioxide equivalent, tCO2e). ...
Powernext Weather, in cooperation with Météo France, providing a full range of weather indices taking into account the economic reality of the zones considered. This weather indices could be used as risk management tools and as underlying of weather derivatives. Météo-France is a French public establishment, tasked with the forecasting and study of weather in France. ...
Weather derivatives are financial instruments that can be used by organisations or individuals as part of a risk management strategy to reduce risk associated with adverse or unexpected weather conditions. ...
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