Europex is the Association of European Energy Exchanges, the business association for energy exchanges, market operators and delegated operators in Europe. As energy market infrastructure providers, the core activities of Europex members include, among other tasks, the operation of wholesale electricity, gas and emissions markets in long-term and short-term timeframes. In addition, they act as Organised Market Places (OMPs), Registered Reporting Mechanisms (RRMs) and Inside Information Platforms (IIPs) in the framework of the EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) and operate registries for Guarantees of Origin for renewable energy.
Europex represents the interests of exchange-based wholesale electricity, gas and environmental markets, focuses on developments of the European regulatory framework for wholesale energy trading and provides a discussion platform at European level. Its broad aims are to:
Europex’ roots lie in the liberalisation of the European energy market which started in the 1990s. As newly created market infrastructure providers following the establishment of competitive electricity and gas markets, European energy exchanges realised the need for cooperation. Seven power exchanges voluntarily agreed in 2001 to create a single EU-level advocacy body to deal with regulatory challenges associated with the Internal Energy Market, align positions and communicate with policymakers, regulators and other relevant stakeholders. Since its formal creation on 12 April 2002, Europex has grown and transformed significantly. Its members have made a strong contribution to the design and proper functioning of today’s liberalised European energy market.
The original focus of the Association was on the integration of short-term electricity markets across Europe, and the emergence of long-term hedging markets. Over time, the focus has broadened to cover natural gas trading and environmental market aspects. In addition, the geographical reach of Europex has increased significantly. The Association now acts as the central voice of European energy exchanges towards the European institutions, national financial and energy regulators and many other stakeholders. Today, Europex counts 30 full members and four associate members.