EXAA
EXAA (Abwicklungsstelle für Energieprodukte AG) is Austria’s power and environmental exchange seated in Vienna. EXAA was founded on 8th June 2001 and opened for spot market trading in electric power on 21st March 2002. Since then, EXAA has developed into a major instrument for efficiently exploiting the trading possibilities of the liberalised energy markets of Central Europe.
Over the years, trade areas and -agendas have been continuously extended:
| October 2018 | Price zone splitting between AT and DE resulting in 2 separate but simultaneous auctions at EXAA |
| December 2017 | Highest Q4 trading volumes since EXAA’s foundation |
| June 2017 | Relaunch EXAA Green Power |
| December 2015 | Designation as a nominated electricity market operator (NEMO) |
| December 2015 | Designation as a nominated electricity market operator (NEMO) |
| August 2015 | Appointment as Registered Reporting Mechanism (RRM) |
| September 2014 | Launch of quarter hourly products on day ahead markets |
| October 2013 | EXAA introduces negative prices with a min. price limit of -150 EUR/MWh |
| December 2012 | Introduction of a Green Power trading segment |
| March 2012 | Monthly volume record: more than 1 million MWh traded |
| December 2009 | EXAA adds TransnetBW and 50Hertz to cover the whole AT/DE market zone |
| January 2009 | Start of the “training for energy and environmental markets” program “teem” |
| April 2008 | Higher priority for market orders within the auction algorithm |
| May 2005 | EXAA adds Amprion grid as the 3rd tradeable market zone |
| June 2004 | EXAA adds TenneT grid as a tradeable market zone |
| October 2003 | Introduction of post-trading |
| February 2003 | First block products |
| March 2002 | First trading day hor hourly contracts in APG grid |
In addition to the classical tasks relating to exchange trading, EXAA is also directly responsible for the settlement of financial transactions (clearing) and assumes the counterparty risk for all trades executed.
GreenPower@EXAA
EXAA is the first European Energy Exchange which launched trading power, exclusively from renewable water and wind energy resources, in an additional market in December 2012.
A concept has been developed that offers the opportunity for exchange trading of green power and which integrates well with the existing day-ahead spot market (this segment offers a trading platform which is independent of the feed-in tariffs defined by the German “EEG” or the Austrian “Ökostromgesetz”). The segment combines the best elements of bilateral trading based on guarantees of origin, and those of electricity trading coupled with physical delivery.
- First Energy Exchange for trading green power in Europe.
- Daily spot auction.
- Proof that EXAA’s GreenPower exclusively originates from renewable energy sources, thus verified by the well-established European Guarantee of Origin (GoO) Standard EECS.
- Pool of regularly published and updated supplier facilities.
Teem (training for energy and environmental markets)
EXAA offers teem as a compact training course for electricity and gas markets. Experienced energy experts talk about the main energy topics ranging from energy markets, energy law and energy technology. The transparent and coherent energy insights as well as current developments are not only interesting for energy newcomers but also for employees who want to broaden and update their knowledge. Teem has already achieved the position of market leader in the energy training segment as it convinces delegates with its up-to-date and compact contents as well as its great value for money. Delegates especially appreciate the design of the modular system where all modules can be booked individually.
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 Trading AG | 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% |
| Vorarlberger Kraftwerke AG | 3,04% |
| Energie Graz GmbH & Co KG | 2,98% |
| OMV Gas & Power GmbH | 2,98% |
The Management Board of the company acts independently and is not subject to instructions.
Governance
The Ministry of Finance in agreement with the 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 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.
EXAA Abwicklungsstelle für Energieprodukte AG is commissioned with the task of operating and making available the automated trading and settlement system for trading in electric power products and for the clearing and settlement of exchange transactions concluded in trading in electric power products on Vienna Stock Exchange in its function as a general commodity exchange. Hence EXAA holds the function of a clearing agent pursuant to § 26 para. 3 Stock Exchange Act for the clearing and settlement of exchange transactions concluded in trading in electric power products on the Vienna Stock Exchange in its function as a general commodity exchange. EXAA as the Clearing and Settlement Agent has been charged by the exchange operating company with the financial clearing and settlement, and risk management (including the assessment of the creditworthiness of the exchange members) for the exchange transactions stated. Further EXAA delivers services for the automated processing of data and information as well as trainings in the field of energy and environment.
