Abaxx Technologies lists EU wind futures

Executive Summary

• Abaxx Exchange has commenced trading for onshore wind futures in the Netherlands, France, and Spain, expanding its suite of weather-indexed benchmarks.
• The new contracts provide country-specific, financially settled benchmarks designed to help market participants hedge wind generation utilization risk across European power markets.
• This launch brings Abaxx's standardized benchmarks to six major power markets across Europe and the United States.

Key Details

• Trading has commenced for Enwex Netherlands (NWM), France (FWM), and Spain (SWM) onshore wind futures on the Abaxx Exchange.
• Contracts are euro-denominated and financially settled.
• Each contract is indexed to its respective Enwex wind country index, which measures forecast wind conditions at 100 meters and expresses standardized generation utilization rates in euros/MWh.
• Trading hours are 10 a.m. to 12 a.m. Singapore Time, Monday to Friday, excluding Singapore public holidays.
• The new contracts complement traditional electricity price hedges by directly addressing variability in electricity output and revenue exposure for market participants.
• Contract specifications, connected clearing and broker firms, and market access information are available on the Abaxx website.

Notable Quotes

• "With wind futures now listed across six major power markets, Abaxx Exchange has established a consistent set of weather-indexed benchmarks spanning Europe and the United States," said Nancy Seah, chief executive officer of Abaxx Exchange. "This coverage enables consistent reference pricing for wind generation variability across jurisdictions with materially different power market structures."