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POWER EXCHANGE CENTRAL EUROPE (PXE) offers trading with electricity and natural gas.

ELECTRICITY

Spot Market – Common Day-Ahead PXE/OTE Market. PXE offers its trading participants access to the Czech day-ahead power auction which is organized by OTE a.s. Trades ensuing from orders sent to the auction via PXE Platform are cleared and settled by European Commodity Clearing AG (ECC) which is the clearing services provider for all exchanges being part of the EEX Group.

Long-term Market – trading with power in the form of derivatives – futures with financial settlement. As of June 15, 2017 is the power trading operated under the licence and in the trading system T7 of European Energy Exhange AG (EEX). Trading s subject to rules and regulations of EEX. The trading days and trading hours are set forth by EEX.

Delivery
Base Load - delivery all hours of all days
Peak Load - delivery Monday to Friday 8:00 a.m. - 8:00 p.m. CET (GMT+1) regardless the public holidays

Markets 
Czech Republic, Slovakia, Hungary, Poland, Romania

Maturities
Month, quarter, year – later in 2017 day and week are planned

Futher specifications available on the EEX web site
Contract Specification
Technical setup of the contracts (first and last trading day, cascading)
Product Codes, ISINs etc.

NATURAL GAS

The market is operated in cooperation with PEGAS CEGH Gas Exchange. Trading is subject to the PXE rules and regulations. Trading days and trading hours are set forth by PXE. Trading is operated by PXE on the Trayport GlobalVision ETS.

Delivery
Base Load - delivery from 06:00 a.m. on the first delivery day until 06:00 a.m. CET (GMT+1) on the calendar day following the last delivery day during the delivery periods. The delivery point of natural gas is the Czech virtual trading point operated by OTE a.s.

Spot Market
Maturities: day, weekend

Long-Term Market – trading with natural gas in the form of derivatives – futures with physical delivery
Maturities: 3 consecutive months, 4 consecutive quarters, 3 consecutive seasons, 2 consecutive years

Notification: Monthly contracts in delivery are not tradable. PXE publishes the price only for the purpose of settlement.