About Enwex
What is Enwex?
Enwex is an index class developed for trading volumes related to weather. Using Enwex you can mitigate increasing risks out of weather volatility.
Why was it developed?
Enwex is the answer on reduced correlation between price and volume risks in power and gas markets. Temperature index is set up to meet demand side risks, Wind and Solar indices are thought as instruments to hedge volatile renewable volumes as well as their cannibalization effect on power prices.
Participants
Knowledge of the Enwex concept in recent months reached quite a market depth in the Gas-, Oil- and Power Industries, especially direct marketers and insurance companies started trading on Enwex as underlying.
Where can Enwex be traded?
Enwex volume indices actually can be traded at Enmacc and at Flex Power. Enwex can also be chosen as underlying for bilateral contracts or via brokers (info@enwex.com).
Responsibilities
Enwex is a registered trademark in Europe and currently 14 other countries around the globe. The concept and indices have been developed by Robin Girmes with experience as energy meteorologist for +15 years, including 6 years of weather derivative trading.
Enwex is thought as methodology transferring weather into trading products which are transparent, scalable and the best mixture of reduced complexity vs accuracy.
Daily index data and their histories are provided by Weather2Trading GmbH and published under www.enwex.com. Forecasts and analysis tools can be ordered at Energy Weather.
market values
At Enwex we also publish daily market values which can also be used for trading, e.g. at Flex Power’s “Power Match” Daily settlement prices for market values are a milestone for the urgently needed requirement for trading (and hedging) of PPA’s.