From today there will be 16 new products traded on PXE (Prague Energy Exhchange. There will be no more compound future product base 2008-2009
The 16 new products are:
2 yearly products peak 2008, peak 2009
8 quarterly products: (1Q-2008, 2Q-2008, 3Q-2008, 4Q-2008)- all base and peak
6 monthly products: (01/2008, 02/2008, 03/2008) all base and peak.
Our view:
We see the news as neutral as the 16 new products are expected and were previously announced.