POWER EXCHANGE CENTRAL EUROPE, a.s. (PXE) is an energy exchange specialising in the energy markets of the Central and Southeastern Europe.
Origin and development of PXE
PXE was established on 8 January 2007 (under the name of the Prague Energy Exchange) and from 17 July 2007 it began offering electricity trading in the Czech Republic, including settlement. PXE then expanded its activities to other countries and also started to organise natural gas trading with a delivery point in the Czech Republic. In 2016, PXE became part of the EEX Group.
Milestones
- 8 January 2007 - foundation of PXE
- 17 July 2007 - start of trading in Czech power
- 1 October 2008 - start of trading in Slovak power
- 1 March 2009 - start of trading in Hungarian power
- 9 December 2013 - start of trading in Czech natural gas
- 1 September 2014 - start of trading in Polish and Romanian power
- 20 November 2014 - first energy auction for end users
- 31 May 2016 - PXE becomes part of the EEX Group
- 15 June 2017 - transition of PXE energy derivatives trading to the EEX platform
What PXE does
Within the EEX Group, PXE is responsible for the development of energy products and services in the region of Central and Southeastern Europe, where it also carries out acquisition activities and care for trading participants.
In addition to electricity products, in cooperation with CEGH Gas Exchange, EEX operates CEGH Czech Gas Exchange for gas trading in the form of spot and derivative products with delivery to a virtual trading point in the Czech Republic.
License and platform
Derivative products ensured by PXE are traded under a license from the European Energy Exchange AG (EEX) and on the EEX platform (T7 trading system).
PXE holds a commodity exchange license issued by the Ministry of Industry and Trade, under which it operates its PARC commodity platform.
Who PXE cooperates with
Prague Stock Exchange, a.s. (PSE)
- one-third owner of PXE
- the largest and oldest securities market operator in the Czech Republic
- provides a range of support activities for PXE
How PXE benefits trading participants
Market participants have access to 20 European markets from a single location through EEX membership and a single group trading platform, making it possible to trade electricity and gas almost anywhere in Europe.
Other PXE services
For end users, especially for:
- companies
- municipalities
- state authorities
- and for all larger consumers in general
PXE offers, through its exchange application, electronic auctions of electricity and natural gas.
Advantages
- Fast and administratively simple process
- Transparent and highly competitive environment = attractive prices
- Renowned and verified suppliers
- Management of the points of delivery
- Online monitoring of auction
- The delivery price can be fixed gradually
- Public contracting authorities purchase energy through a negotiated procedure without publication