Powernext

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Powernext manages the European energy exchange based in Paris.

Incorporated in July 2001 and subsidiary of Euronext, it has built a network of 90 European members, among which producers (EDF, RWE, Electrabel, Endesa...) end users, banks, traders and retailers...

Powernext has so far launched three complementary markets:

Powernext Dayahead, in November 2001, providing a short-term price reference to hedge balancing needs and volume risks on the French hub;

Powernext Futures®, in June 2004, a medium term price reference to hedge price risks;

Powernext Carbon, in June 2005, the leading European CO2 allowance spot market to hedge greenhouse gas emissions non-compliance risks;

Powernext Weather, in cooperation with Météo France, providing a full range of weather indices taking into account the economic reality of the zones considered. This weather indices could be used as risk management tools and as underlying of weather derivatives.