Forward Market

The Energy Forward Market in Greece was established in 2020, with the formal approval of the Hellenic Capital Market Commission.
The organization and support of its transactions is carried out by HENEX S.A., while the clearing process is conducted by ATHEXClear, which is a daughter company of the Hellenic Stock Exchange Group having the role of Central Counterparty. Within the framework of the Energy Forward Market future contracts are traded. Future contracts concern the exchange of electricity specifying the time, quantity and price of the transaction, and can be concluded either bilaterally (Over-The-Counter) or through the Energy Exchange (Forward Market). The Forward Market is a useful tool for participants to mitigate their exposure to price volatility in markets where there is a physical delivery obligation.