EXAA - Energy Exchange Austria
EXAA (Abwicklungsstelle für Energieprodukte AG) is Austria’s power and environmental exchange based in Vienna. Founded on 8 June 2001, EXAA started operating spot market trading in electricity on 21 March 2002. Ever since, EXAA has been instrumental in developing efficient trading in the liberalised energy markets of Central Europe.
In addition to the standard tasks relating to exchange trading, EXAA is directly responsible for the settlement of financial transactions (clearing) and assumes the counterparty risk for all executed trades.
In December 2012, EXAA was the first European energy exchange to launch an additional market for the trading of power exclusively from renewable hydro and wind energy resources.
The concept offers the opportunity for exchange trading of green power and integrates well with the existing day-ahead spot market. It offers a trading platform which is independent of the feed-in tariffs defined by the German “EEG” and the Austrian “Ökostromgesetz”. It combines the best elements of bilateral trading based on guarantees of origin and those of exchange-based electricity trading coupled with physical delivery.
EXAA in a nutshell:
- First energy exchange in Europe to launch green power trading.
- Daily spot auction.
- Proof that EXAA’s GreenPower exclusively originates from renewable energy sources, verified by the well-established European Guarantee of Origin (GO) 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 cover main energy topics ranging from energy markets, energy law and energy technology. The courses are aimed at energy newcomers as well as experienced employees who seek to broaden and update their knowledge. Teem is a market leader in energy market training, provides up-to-date and concise content and offers excellent value for money. Delegates especially appreciate the modular design, allowing all modules to be booked individually.
Shareholders of EXAA
|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.
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.
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. As the Clearing and Settlement Agent, EXAA undertakes financial clearing, settlement and risk management for the exchange transactions, including the assessment of the creditworthiness of the exchange members. EXAA also delivers services for the automated processing of data and information, and provides training in energy and environmental topics.
Highest Q4 trading volumes since EXAA’s foundation
Relaunch EXAA Green Power
Designation as a nominated electricity market operator (NEMO)
Appointment as Registered Reporting Mechanism (RRM)
Launch of quarter hourly products on day ahead markets
EXAA introduces negative prices with a min. price limit of -150 EUR/MWh
Introduction of a Green Power trading segment
Monthly volume record: more than 1 million MWh traded
Start of the “training for energy and environmental markets” program “teem”
Higher priority for market orders within the auction algorithm
EXAA adds TenneT grid as a tradeable market zone
Facts & Figures
Date of foundation
8 June 2001
Members of Executive Board
Number of employees (2017)
21 members of staff
Traded commodities and traded volumes in 2018
Power Day Ahead Spot Auction for Austria and Germany: 7,9 TWh
Europex GA member
Member of the Executive Board
Europex contact person
Mag. Stefan Ebenberger
Procurement/Authorised Officer, Legal, Public & Regulatory Affairs
General contact details
Abwicklungsstelle für Energieprodukte AG