eex

Overview / Introduction

The energy trading industry is extremely specialized, complicated and demands substantial platforms which are heavily regulated. eex is an industry leader in Europe and has established itself as one of the most reliable and trusted platforms to buy and sell energy/environmental certificates, and guarantees of origin. eex is considered a wholesale market whereas standard retail brokers operate by providing services to individuals and corporate clients.

With more than 20 years of experience, eex has become a cornerstone in the energy trading industry. eex offers an extensive range of solutions within all components of the energy certification process, which includes a number of niche product lines through the eex Group (which consists of EPEX SPOT, Nodal Exchange and Grexel, which merged into eex AG on 2nd January 2026).

History and Overview

The European Energy Exchange AG is established under the German Exchange Act as a regulated exchange. The German Exchange Act is regulated by the Saxon State Ministry for Economic Affairs, Labour, Energy and Climate Action. The history of the founding of eex is somewhat vague; however, eex has amassed a wealth of more than 20 years of experience tracking and certifying energy products and has become a leader in the energy exchange sector.The merger resulted in efficiencies for registry service management enhancing the ability to manage energy certification and trading activities. The operations of the group are spread throughout Europe. A very important activity for the group is the French National Registry for Guarantees of Origin.

Key Features and Offerings

At eex, exchange trading of energy and environmental products is unique to institutional participants. The product offering includes energy certificates, Guarantees of Origin, Guarantees of Origin for Power and Biogas, spot auction markets for GOs, primary auction markets related to environmental commodities, and futures contracts.

Through our group companies, eex provides registry services (e.g., Guarantees of Origin, Energy Savings Certificates, and Capacity Guarantees) which encompass the entire energy certification supply chain. An example of this is our role as the French National Registry for Guarantees of Origin as appointed by the French Ministry of Ecology which demonstrates our importance in the European energy certification industry.

Regulatory Compliance and Licensing

eex conducts its operation in a heavily regulated environment in order to comply with the regulations in Europe in terms of financial markets including MiFID II/MiFIR and REMIT. eex is supervised by the Saxon State Ministry for Economic Affairs, Labour, Energy and Climate Action (the Exchange Supervisory Authority). Market surveillance, supported by reporting to the relevant agencies, ensures the transparent nature of the exchanges trading, protecting all participants involved.

To gain admission to trade on eex, the participant must be recognised as an institution and must meet strict admission criteria to reflect the group's focus on professional rather than retail participants.Regulatory Agency:

Name of Regulatory Agency: Saxon State Ministry of Economic Affairs, Labour, Energy, and Climate Action

The regulatory body has not specified a license number for its oversight of eex (ECOenergy), but it has certified that eex is operating in accordance with active supervision under the German Exchange Act.

Trading Conditions and Platform Technology:

Eex (ECOenergy) has a total opposite model from those of retail brokers. Rather than having staff available to speak with customers, eex has no spreads, no leverage, and no minimum deposit amount. Instead, their target audience is institutional traders who meet a number of stringent admission requirements. These include providing proof of liability equity of €50,000 and provide a professional level of education.

The environment in which transactions occur at eex is governed by exchange rules which govern energy and environmental product transactions, ensuring eex (ECOenergy) operates in a regulated and transparent environment. eex (ECOenergy) has built electronic trading platforms that are highly secure and provide real-time access to the electronic registry. The electronic trading platforms include advanced features, such as two-step security verifications, and physical key verification for access to the exchange systems.

Fees and Fee Structures:

There are no published accounts of eex's (ECOenergy's) fee structures and deposits or withdrawals for inactivity, and trading fees for its participants. The fee structures are governed by the forms of admission and the eex (ECOenergy) exchange rules, and will differ for different types of service participants.Check 'Prices and fees' section of admission page for detailed fee structure, as these fees vary based on each institution's requirements and products being traded.

Fees Structure

Fee Type

Details

Notes

Deposit Fees

Not Specified Publicly

Varies by Participant Agreement

Withdrawal Fees

Not Specified Publicly

Subject to Exchange Rules

Trading Commissions

Not Specified Publicly

Determined per Contract and Product

Inactivity Fees

Not Specified Publicly

Not Applicable for Institutional Participants

User Experience/Market Reputation

Due to their focus on institutional participants, eex does not provide retail customer ratings and reviews. Therefore, eex focuses on providing market participants with security, compliance, and operational transparency, including state-of-the-art registry security and access to full forms of documentation via dedicated platforms.

Within the energy trading industry, eex holds an excellent reputation based on their strong market position as the leading exchange in Europe for energy trading and the management of key registries, including the French National Registry of Guarantees of Origin; eex's commitment to fair trading practices and adherence to regulatory compliance further solidifies their reputation.

Recent Developing Programs

eex continues to enhance its products and services as market and technical evolvement is a consistent occurrence in the energy trading space. Below is a list of some of the milestones related to this development:

January 2, 2026 - Merger of Grexel into eex AG resulting in enhanced registry service for the industry

December 5, 2025 - Migration of French GO Registry to G-REX, requiring an update to admissions

November 17, 2025 - New admission forms released for recognition and contact information changes

October 2025 - Publication of Straight-Through Processing rules and ECC Cascading Documents

June 17, 2025 - Published Residual Mix France 2024 Data

October 4, 2024 - Re-appointment of eex as provider of the French Power GO Registry

July 23, 2024 - Extension of mandatory 2-Factor Authentication for M7-Auction Users

Conclusion

As a regulated exchange focusing exclusively on institutional participants, eex is uniquely positioned within the energy trading landscape in the European Union. It provides a comprehensive, secure, and transparent marketplace for energy and environmental products while being highly experienced, fully compliant with regulatory standards, and utilising advanced technological platforms. In this respect, eex can be considered a partner of choice for energy market participants.

Although eex does not support retail traders or have the capability to offer traditional broker services (i.e., leverage or spreads) eex's specialised focus means their service will address the more sophisticated needs for energy trading and certification with greater reliability than other forms of energy exchanges. For participants requiring a regulated and proficient trading exchange for their energy services, eex is a leading candidate.