About Enwex

What is Enwex?
Enwex is an index class developed for trading volumes related to weather. It is the result of an initiative with the aim to 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 a market depth of 70+ companies from the Gas-, Oil- and Power Industries as well as Direct marketers and Insurance companies.

Where can Enwex be traded? 
Enwex volume indices actually can be traded at Enmacc and Flex Power and also be chosen as underlying for bilateral contracts (info@enwex.com).

Responsibilities

Enwex is registered as a trademark. 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.

Enwex wind and solar

• Index represents the averaged hourly utilization of the installed capacity in a supply region, e.g. a windy day at 80% utilization translates into an index value of 80,00€.
• Countrywide index is spatially weighted out of installed capacities in % at reference locations, e.g. center of German federal states.
• Spatial weightings are yearly reviewed according to installed capacity data published by Bundesnetzagentur. A full documentation also on the update procedure can be found here