EXAA (Abwicklungsstelle für Energieprodukte AG) is Austria’s dedicated power exchange, operating within the Austrian APG control area, all four German control areas (Amprion, TenneT, TransnetBW, and 50Hertz), as well as the Dutch, French and Belgian energy markets. Founded on June 8, 2001, EXAA launched spot market trading on March 21, 2002, and has since played a vital role in fostering efficient and transparent trading in the liberalized energy markets of Central Europe. In 2012, EXAA became the first European exchange to introduce green electricity trading under the label “EXAA Green Power.” With the implementation of the Multi-NEMO Arrangement (MNA) in Central Western Europe, EXAA offers access to the 12:00 Market Coupling Auction, complementing its well-established auction at 10:15 am.
Since 2021, EXAA has been in close cooperation with CCPA (Central Counterparty Austria), which has since taken over the clearing of financial transactions as well as EXAA’s collateral and risk management.
EXAA in a nutshell:
- first energy exchange in Europe to launch green power trading
- Daily spot auctions
- Unique Spread Products
teem (training for energy and environmental markets)
EXAA offers teem energy trainings, a compact training program covering electricity and gas markets. Experienced energy experts provide an overview of key topics, including energy markets, law and technology.
The courses are designed for both newcomers to the energy sector and experienced professionals who would like to broaden or update their knowledge. The training content is regularly updated to reflect current developments in the energy sector and is presented in a concise and practical format. The modular structure allows participants to book individual modules according to their interests and training needs.
Shareholders of EXAA
| Company | Share |
| APCS Power Clearing and Settlement AG | 34,55% |
| Wiener Börse AG (WBAG) | 25,12% |
| Oesterreichische Kontrollbank AG (OeKB) | 8,06% |
| Smart technologies Management Beratungs- und Beteiligungsgesellschaft mbH | 8,06% |
| Verbund Energy4Business GmbH | 3,04% |
| ENERGIEALLIANZ Austria GmbH | 3,04% |
| KELAG-Kärntner Elektrizitäts AG | 3,04% |
| Energie Steiermark Business GmbH | 3,04% |
| TIWAG-Tiroler Wasserkraft AG | 3,04% |
| illwerke vkw AG | 3,04% |
| Energie Graz GmbH | 2,98% |
| OMV Gas Logistics Holding GmbH | 2,98% |
The Management Board of the company acts independently and is not subject to instructions.
Governance
The Austrian Ministry of Finance, in agreement with the Austrian Ministry for Economic Affairs, has granted Wiener Börse AG, by notification of 3 April 1998, the license to operate and manage the Vienna Stock Exchange as a securities and general commodity exchange in accordance with §§ 2 et seq of the Austrian Stock Exchange Act, FLG. No. 555, as amended. This empowers Wiener Börse AG as an exchange operating company in the meaning of the Stock Exchange Act to operate and manage the Vienna Stock Exchange as a securities exchange and general commodity exchange. Trading in electric power products takes place on the Vienna Stock Exchange in its function as a general commodity exchange. The exchange operating company has commissioned EXAA Abwicklungsstelle für Energieprodukte AG with the task of operating and making available the automated trading system for trading in electric power products and the resultant exchange transactions, and has also been granted a license to act as the nominated electricity market operator (NEMO) for the purpose of single day-ahead market coupling by Energie-Control Austria.
History
Market expansion into the power markets of France and Belgium.
Market expansion into the power market of the Netherlands.
Successful introduction of the cross-auction spread, which offers trading participants arbitrage opportunities between the independent 10:15 and the 12:00 market coupling auctions.
Start of the cooperation with Central Counterparty Austria (CCP.A) for a more efficient clearing & risk management.
Introduction of the API interface for trading partners.
Successful market launch of physical location spread products for virtual coupling of the Austrian and German market areas and EXAAs entry in the European 12:00 market coupling auction.
Price zone splitting between AT and DE resulting in two separate but simultaneous auctions at EXAA.
Designation as a nominated electricity market operator (NEMO).
Launch of quarter hourly products on day ahead markets.
Introduction of a Green Power trading segment.
Start of the “training for energy and environmental markets” teem programme
Introduction of post-trading.
First block products.
