- September 27, 2021
- Posted by: Stratford Team
- Category: Business
- Prices help market to project 10-year income stream
- PPA investors in wind, solar power plants need visibility
- EEX offers standardised , financially settled futures
- Move applies to German, Italian, Spanish power
FRANKFURT, Sept 27 (Reuters) – The European Energy Exchange (EEX) on Monday expanded its yearly power futures contracts for Germany, Italy and Spain to 10 calendar years ahead from six currently, part of a move to help integrate renewable energy into the wholesale power market.
EEX, a subsidiary of Deutsche Boerse (DB1Gn.DE), is the world’s leading electricity exchange, where annual maturities form price benchmarks for producers, consumers and investors in power generation.
The sector is changing rapidly as conventional production from burning fossil fuels like gas and coal gives way to the roll-out of wind and solar power.
To finance the expansion of renewables, the market needs to transition away from state-guaranteed feed-in tariffs, which pay…