Sign in

Private company

Energy Exchange Austria

Logo: EXAA Abwicklungsstelle für Energieprodukte AG (uploader verified as belonging to EXAA Abwicklungsstelle für Energieprodukte AG), CC BY 3.0, via Wikimedia Commons3

Electronic marketplace for energy trading in several European countries

EXAA Abwicklungsstelle für Energieprodukte AG is an electronic marketplace for energy trading in Austria, Germany, the Netherlands, France and Belgium. As the Austrian Energy Exchange, it is active in the Austrian APG control area as well as in all four German control areas (Amprion, TenneT, TransnetBW, 50Hertz). In 2024, EXAA expanded to the Netherlands, followed by France and Belgium in 2025.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2001Founded1
  • HeadquartersVienna1
  • Websitewww.exaa.at
  • Legal formAktiengesellschaft1

See how the biggest companies compare on our leaderboards

EXAA Abwicklungsstelle für Energieprodukte AG is an electronic marketplace for energy trading in Austria, Germany, the Netherlands, France and Belgium. As the Austrian Energy Exchange, it is active in the Austrian APG control area as well as in all four German control areas (Amprion, TenneT, TransnetBW, 50Hertz). In 2024, EXAA expanded to the Netherlands, followed by France and Belgium in 2025. In 2012, EXAA was the first European exchange to introduce trading in green electricity under the name "EXAA Green Power".2

The story

EXAA was officially founded on June 8, 2001. The complete liberalization of the Austrian electricity market on October 1, 2001 created the legal framework for the establishment of an electricity exchange. Spot trading at EXAA began on March 21, 2002 for individual hours in the APG control area, with a total of twelve market participants. EXAA spot trading now comprises around 65 electricity trading companies from more than 10 countries, whereby the non-Austrian share of companies currently dominates.

The trading areas and -agendas have been continuously expanded:

2026: Go-Live of 12:00 Market Coupling extension to France, Belgium and the Netherlands

2025: Go-Live of EXAAs 10:15 auction in France and Belgium

2024: Go-Live of EXAAs 10:15 auction in the Netherlands

2022: Successful introduction of the cross-auction spread, which offers trading participants arbitrage opportunities between the independent 10:15 and the 12:00 market coupling auctions

2021: Start of the cooperation with Central Counterparty Austria (CCPA) for a more efficient clearing & risk management.

2020: Introduction of the API interface for trading partners

Read the full text

2019: Successful market launch of physical location spread products for virtual coupling of the Austrian and German market areas and EXAAs entry in the European 2:00 market coupling auction

2018: Introduction of two auctions for the Austrian and German market areas, which were separated on October 1, 2018

2015: Identification of EXAA as one of the first European market participants in accordance with the REMIT Regulation as an RRM (Registered Reporting Mechanism) by the electricity regulator ACER (Agency for the Cooperation of Energy Regulators) in February This made it possible for EXAA to report data directly to ACER without going through a service provider. Also, start of data reporting in accordance with the data reporting obligation under the REMIT Regulation & appointment of EXAA as a NEMO (Nominated Electricity Market Operator) in Austria by E-Control

2014: Launch of the first 1/4-hour auction in Europe

2013: Introduction of negative prices on the EXAA (price range: - 150 EUR/MWh to + 3,000 EUR/MWh)

2012: Introduction of the EXAA Green Power market. End of EXAA's management of the Hungarian day-ahead market PXE

2011: EXAA takes over the operational business for the Hungarian market area from the Prague energy exchange PXE. Start of the cooperation agreement with Greenmarket-Exchange (subsidiary of Bayerische Börse) on the CO2 market and simultaneous closure of the CO2 spot market at EXAA

2009: Opening of the TransnetBW (then: EnBW) and 50Hertz (then: Vattenfall) control areas. Start of the "training for energy and environmental markets" training series "teem"

2008: Conversion of the algorithm for more reliable execution of market orders. Implementation and publication of regular market analyses of the energy spot market by EXAA to increase transparency

2006: Opening of the Swiss control area (later discontinued)

2002-2006: Auction Office for capacity auctions (handled by RIECADO, a company of the former CISMO-group which merged with smart technologies)

2005: Opening of the Amprion control area (then: RWE) & start of trading with CO2 certificates

2004: Expansion of the trading area to Germany - opening of the Tennet control area (then: E.ON)

2003: Introduction of block products and post-trading

From Wikipedia’s article on Energy Exchange Austria, shared under CC BY-SA 4.0.4

Products and brands

An exchange is an organized trading venue whose processes are subject to legal regulations. The main objective of operating an electronic trading platform with an auction system is to optimize the bundling of liquidity. In addition, the efficiency of trading activities is promoted by significantly reducing the effort involved in concluding transactions compared to bilateral trading. The neutrality of an energy exchange, the guaranteed anonymity of bids and the immediate publication of price information make a significant contribution to promoting fairness throughout the market.

Traded Products

In principle, all 24 hours of a day can be traded individually on the Austrian energy exchange. In addition to the standard block products (the combination of several hours into a common block) base, peak and off-peak, further special block products have been introduced in order to meet the specific needs of market participants (see figure 1). Besides the single-hour products and block products, all 96 quarter hours of a day can be traded at the EXAA in the independent 10:15 day-ahead auction. Since September 30, 2025, quarter-hour products can also be traded in the 12:00 market coupling auction.

The physical fulfillment of transactions takes place either in one of the four control areas in Germany (Amprion, TenneT, TransnetBW or 50Hertz) or in the Austrian APG control area. Since 2024 the control area in The Netherlands was added (Tennet), as well as in 2025 the french (RTE) and belgian control area (Elia).This results in the determination of a price per MWh for Germany and another price for Austria and the other control areas. On the trading days from Monday to Friday, the orders of the individual market participants are collected in a closed order book. An auction for gray and green energy is then held daily for each market area (Austria & Germany). The price determined at the auction (Market Clearing Price, MCP) and the quantities allocated to the individual market participants are communicated to them immediately after the auction, whereas the physical settlement of transactions takes place the next day (day-ahead trading).

Read the full text

In 2012, EXAA was the first European electricity exchange to enable its trading participants to trade in green electricity.

With downstream post-trading, surplus quantities from the auction can be bought at the already defined market clearing price.

Trading System

The products of the EXAA spot markets are traded in auctions. Only a web browser is required on the trader side to transmit buy or sell bids. This avoids software installation and maintenance on the traders' IT systems and expensive dedicated lines. Access to the system is secured with electronic keys (RSA tokens).

From Wikipedia’s article on Energy Exchange Austria, shared under CC BY-SA 4.0.4

Timeline

  1. 2001Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4