trac-x to Cut Prices of their Long-Term SectionLeipzig, 29 January 2009 – The German trading platform trac-x has announced that it will cut the prices of their long-term section by 40 per cent. From February 2009, the price for placing a long-term search or keyed procedure on trac-x will be reduced by € 2,000 to € 3,000. Moreover, the € 50 minimum fee for auctions and buy-it-now’s will be waived. The transaction fee for successful auctions and buy-it-now’s remains at one percent of the last bid.
Bernd Protze, managing director of trac-x, said that the price reduction reflected last year’s positive trading results. In 2008, the platform’s volume of placed capacities had hit a record high of 218,613 MWh/h. Overall, almost 850 out of around 5,500 procedures placed on the platform were successfully concluded in 2008. Compared to 2007, the volume of placed capacities had more than doubled, the company said. In 2009, the platform expects a further increase in registrations as well as in trading.
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, almost 350 traders from 17 countries are registered on 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.
trac-x Transport Capacity Exchange GmbH
phone: +49 341 443-907121
fax: +49 341 443-2376
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