EEX bourse prices power for up to 10 years to help push renewables roll-out [Reuters]
DEUTSCHE BOERSE UNSP/ADR (DBOEY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
calendar years ahead from six currently, part of a move to help integrate renewable energy into the wholesale power market. FILE PHOTO: The headquarters of the European Energy Exchange (EEX), world's biggest online power trading platform is seen in a centre-of-town high-rise office building in Leipzig, Germany April 25, 2021. REUTERS/Annegret Hilse EEX, a subsidiary of Deutsche Boerse, is the world's leading electricity exchange, where annual maturities form price benchmarks for producers, consumers and investors in power generation. The sector is changing rapidly as conventional production from burning fossil fuels like gas and coal gives way to the roll-out of wind and solar power. To finance the expansion of renewables, the market needs to transition away from state-guaranteed feed-in tariffs, which pay producers for energy fed into the grid, towards other instruments to make infrastructure operable. So-called power purchase agreements (PPAs) - long-term deals under which
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