Guarantees of Origin
GO Futures on EEX are live as of 2 September 2024.
IncubEx, in collaboration with EEX, offers exchange-traded Guarantees of Origin (GOs) futures in Europe, providing participants with an innovative product to hedge or directly engage with the attributes of European renewable power.
GO contracts provide EEX participants with standardisation, price transparency, capital efficiencies, and security through clearing on European Commodity Clearing (ECC).
GO Futures
The following futures are available for trading:
- EEX European Hydro GO
- EEX European Wind GO
- EEX European Solar GO
- EEX European Renewable Power GO (any technology GOs: Hydro/ Wind/ Solar/ Biomass)
Contract Overview
One GO certifies 1 MWh production of electricity by means of a hydro, wind, solar or biomass technology installation
- Delivery: Physically delivered
- Contract size: 1 Lot = 1,000 MWhs
- Priced in Euros
- Minimum price fluctuation: EUR 0.01 per GO
- Production Period: March to December
- Next four January maturities
Product Specifications
| PRODUCT | ISIN CODE | WKN | EEX CONTRACT CODE | SMSS PRODUCT GROUP | CONTRACT SIZE | PRODUCT SPECS |
|---|---|---|---|---|---|---|
| EEX European Hydro Power GO Future | DE000A30BLA7 | A30BLA | EGOH | EEX_FT_GO_HYD_DMS | 1,000 MWhs | Future |
| EEX European Wind Power GO Future | DE000A30BLB5 | A30BLB | EGOW | EEX_FT_GO_WIN_DMS | 1,000 MWhs | Future |
| EEX European Solar Power GO Future | DE000A30BLC3 | A30BLC | EGOS | EEX_FT_GO_SOL_DMS | 1,000 MWhs | Future |
| EEX European Renewable Power GO (any technology GOs) Future | DE000A30BL99 | A30BL9 | EGOE | EEX_FT_GO_POW_DMS | 1,000 MWhs | Future |
Key Benefits of Trading on EEX
Platform
- Leverages EEX platforms including GO spot auctions & registry services
- Most liquid power market in Europe
- Listed alongside European Carbon Allowance futures and options
Products
- First mover in GO futures products
- Standardised contract terms (anonymity on exchange)
- Pooled liquidity with generic and specific technologies
Margining
- Credit enhancement from OTC
- Capital efficiencies including potential cross-margin benefits
Price Quality
- Public price transparency vs OTC market
Market Access
- Cleared OTC transactions via brokers
- Electronic orderbook access by leading trading platforms
Participants
- Large and diverse client base across power, gas, and carbon
ADDITIONAL RESOURCES
Price-list EEX: https://www.eex.com/en/markets/trading-ressources/price-list
Price-list ECC: https://www.ecc.de/en/about-ecc/rules/price-list
Contract Specifications: https://www.eex.com/en/markets/trading-ressources/rules-and-regulations#342
Margining: https://www.ecc.de/en/risk-management/margining
Physical Settlement: https://www.ecc.de/en/operations/physical-settlement
This page is for illustrative purposes only. For official contract and trading information, please visit EEX