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.

GreenPower@EXAA

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

CompanyShare
APCS Power Clearing and Settlement AG34,55%
Wiener Börse AG (WBAG)25,12%
Oesterreichische Kontrollbank AG (OeKB)8,06%
Smart technologies Management Beratungs- und Beteiligungsgesellschaft mbH8,06%
VERBUND Trading AG3,04%
ENERGIEALLIANZ Austria GmbH3,04%
KELAG-Kärntner Elektrizitäts AG3,04%
Energie Steiermark Business GmbH3,04%
TIWAG-Tiroler Wasserkraft AG3,04%
Vorarlberger Kraftwerke AG3,04%
Energie Graz GmbH & Co KG2,98%
OMV Gas & Power GmbH2,98%

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.

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.

History

October 2018
Price zone splitting between AT and DE resulting in two 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)

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
Establishment of EEX through the merger between the two German power exchanges
October 2003

EXAA adds TenneT grid as a tradeable market zone

February 2003
Introduction of post-trading
March 2002
First block products

Facts & Figures

Headquarters

Palais Liechtenstein
Alserbachstraße 14-16
1090 Vienna
Austria

Date of foundation

8 June 2001

Members of Executive Board

Jürgen Wahl

 

Rudolf Schneider

Number of employees (2017)

21 members of staff

Annual report(s)

Website

Traded commodities and traded volumes in 2018

Power Day Ahead Spot Auction for Austria and Germany: 7,9 TWh

Europex GA member

Jürgen Wahl

Member of the Executive Board

Europex contact person

Mag. Stefan Ebenberger

Procurement/Authorised Officer, Legal, Public & Regulatory Affairs

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General contact details

EXAA

Abwicklungsstelle für Energieprodukte AG
Palais Liechtenstein
Alserbachstraße 14-16
1090 Vienna
Austria