Press release
trac-x Welcomes EEX as New Interest Holder
Leipzig, 19 December 2008 – trac-x has announced that the European Energy Exchange AG (EEX) has become a new interest holder of the European trading platform. The German Federal Cartel Office has approved EEX’s acquisition of a 19 percent interest in trac-x. Thus, the contract of sale and assignment, which had already been concluded in spring 2008, has now become effective. The 19 percent high interest in the platform was formerly held by VNG-Erdgascommerz GmbH. In the European Energy Exchange AG, trac-x has found an experienced and global marketplace operator to join the group of trac-x interest holders.trac-x Transport Capacity Exchange GmbH was established in order to create a transparent and non-discriminatory trading platform for secondary trading of transmission capacities. It has operated a trading platform for gas transmission capacities in Europe since March 2005. Currently, well over 300 traders from 17 countries are registered on the www.trac-x.de. They can trade secondary capacity rights across Europe in the networks of the following transmission system operators: Dong Energy Pipelines GmbH, E.ON Gastransport GmbH, EWE NETZ GmbH, RWE Transportnetz Gas GmbH, Gasunie Deutschland Transport Services GmbH, Ontras GmbH.
In addition to long-term trading, it has been possible to trade firm day-ahead capacity rights at the cross-border point Bunde/Oude Statenzijl (between Germany and the Netherlands) since May 2008. Since October 2008, the cross-border point Eynatten/Raeren (between Germany and Belgium) as well as further interconnection points at Bunder Tief, Reckrod and Lampertheim can be traded on the European platform.
After the company’s overall positive development over the past months, the platform’s volume of placed capacities is expected to hit a record high of more than 200,000 MWh/h this year.
trac-x Transport Capacity Exchange GmbH
Foepplstr. 3
04347 Leipzig
phone: +49 341 443-907121
fax: +49 341 443-2376
email: katja.beckert@trac-x.de
web: www.trac-x.de
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