• Prague Energy Exchange will offer between July-25th and August-27th compound product => futures contract for delivery of base load electricity for 2008 and 2009
o Price for 2008 will be fixed at EUR 50.4/MWh and price for 2009 will be traded
• After August 27th, futures contract 2008 and 2009 will be traded separately and the price will be driven by bid and offer
• During the period July 25th – August 27th market makers won’t be force to sell or buy
• The combine product won’t be suitable for speculators due to open position in capacity for 2009 and the whole contract is quite large.