The Danish electricity and gas transmission system operator Energinet.dk has signed an agreement to sell its 50% shareholding in the Danish exchange Gaspoint Nordic, making the company a full member of EEX Group. The shares will be held by the French company Powernext, the affiliate which operates the PEGAS platform within EEX Group.
This transaction will integrate the Danish and Continental European gas markets. By expanding to Scandinavia, the PEGAS platform takes another step in establishing a one-stop-shop for natural gas trading in Europe. Gaspoint Nordic offers short-term trading of Within-Day, Day-Ahead, Weekend and Month-Ahead natural gas contracts, all referring to the Danish trading hub ETF (Exchange Transfer Facility). After the transaction, these products will be listed under the Powernext rulebook and accessible via the Powernext system. They will continue to be cleared through the European Commodity Clearing AG (ECC).