EXAA Energy Exchange Austria

In 2004, the market area was enlarged to include Germany. In 2005, EXAA started trading with emission allowances.

Meanwhile, over 63 electricity traders and 32 CO2 traders have become active traders on the marketplace of EXAA.

Trading on EXAA gives members many advantages that help them to benefit the most from the market.

First Spot Auction at 10:15

Thus, EXAA sends the first important price signal for the rest of the trading day in the European electricity market.

Especially the publication of the first prices for single hours, which are hard to ascertain in OTC trading, are considered a major indicator for the current day.

Trading in all Austrian and German Control Areas

Active traders currently have a choice on EXAA of placing orders on one of five control areas (APG, TIWAG, VKW, transpower and Amprion). In December 2009, the trading in the further German control areas Vattenfall and EnBW started. Due to the sufficient capacities between the control areas, electricity traders can always execute their exchange trades in the control area of their choice. The schedules for external and internal transactions are prepared by EXAA.

Ideal Entry into Sequential Multi Exchange Trading

Exchange trading is a popular instrument for optimizing trading portfolios, i.e., the fine-tuning of the hourly profiles to avoid balancing energy costs and to exploit the arbitrage possibilities. On EXAA, traders have the possibility of placing orders with narrower spreads, i.e., with more attractive price limits, before they have to close the remaining gaps at 12:00 hrs on EXAA.
This helps to keep prices very stable – even in the case of low daily trading volumes – without the incidence of price anomalies in individual hours or blocks that occur repeatedly in electricity trading.

High Correlation with OTC Prices and Low Volatility

For the reasons stated above, the early auction time helps to keep the number of quotes without price limits (market orders) very low on EXAA. Thus, the current market assessment of traders is clearly reflected in EXAA spot prices. There are hardly any extreme prices on EXAA and this makes EXAA much less volatile than other European exchanges.
Integrated Clearing Concept
The reliable and guaranteed financial fulfilment of trades on the electricity and CO2 market is one of the most important arguments for trading through an exchange. After the close of trading, the billing data is sent to Oesterreichische Kontrollbank (OeKB), which electronically prepares the invoices and credits, automatically clears them, and then sends the invoices to all EXAA trading participants by e-mail. No separate fees are charged for this service, as the clearing fees are included in the transaction fees.
EXAA Trading System
In a survey conducted among EXAA market participants, traders confirmed that the EXAA trading system was user-friendly and also highly reliable. The use of the trading system requires only an Internet browser. This means that members avoid having to install software and do not need to pay for maintenance costs or expensive land lines. Access to the trading system is done electronically by electronic key (Key-Fob) and therefore, it is not necessary to install any hardware on the PC of the trader.
Excellent Support from EXAA’s Market Support Team
The member survey mentioned above also highlighted the quality of service of EXAA’s market operations. Apart from friendly service, the high reliability, competence and willingness of the team members to provide individual support was stressed.

Trading in Environmental Products

In addition to the electricity market, EXAA has been operating as an environmental market since June 2005: European emissions certificates are traded at weekly auctions. The simplicity of the EXAA trading system has made trading easy and reliable even for industrial companies not accustomed to exchange trading.

Have we made you curious? More information is available in our brochure or contact us by phone at: 0043 (0)1 2537272 90 bzw. markets@exaa.at