The Croatian Power Exchange (CROPEX) announced the launch of Croatian Power Futures on the European Energy Exchange (EEX), marking a significant milestone in the evolution of the Croatian energy market.
This development allows participants to trade electricity contracts on the EEX platform, enhancing market liquidity, transparency, and competitiveness, CROPEX said in a statement.
The introduction of Croatian Power Futures on the EEX represents a breakthrough moment for Croatia, as it positions the country at the forefront of energy trading in the region. The collaboration between CROPEX and EEX will foster greater integration with European markets, facilitate hedging opportunities, and attract increased investments in the Croatian energy sector.
CEO of CROPEX, Ante Mikulić, expressed his excitement about this momentous occasion, stating, “The launch of Croatian Power Futures on the EEX is a testament to our commitment to fostering innovation and ensuring the stability and growth of the Croatian energy market. The trading of Croatian Power Futures on the EEX will enable market participants to benefit from standardized contracts, ensuring greater market efficiency and improved price discovery. It will also facilitate risk management strategies, allowing market participants to hedge against price fluctuations and manage their exposure effectively.”
The launch of Croatian Power Futures on the EEX reinforces Croatia’s commitment to clean and sustainable energy solutions. This significant step toward a more integrated and efficient European energy market will contribute to achieving the European Union’s climate and energy goals, according to CROPEX.
