Wind Power Futures based on the German Wind Index NAREX WIDE
Nasdaq Commodities wind power futures provides a way for producers and other stakeholders to hedge the production of German wind power. Nasdaq German Wind Index Futures use NAREX WIDE as the underlying index to settle on the relative German wind power utilization.
- Ideal for volume hedging by renewable and conventional power producers
- Standardized products and solid rulebook
- Built-in clearing for all exchange transactions
- Full trading information transparency
Benefits of Wind Power Futures
About the underlying Nasdaq German Wind Index - NAREX WIDE
NAREX WIDE – Nasdaq Renewable Index Wind Germany (DE) is a specific synthetic index that accurately calculates the German wind power production. The index is a bottom-up model calculated by StormGeo. The index is based on data from the established ECMWF weather forecasting model and is designed to offer the highest possible transparency to the market.
When calculating the wind power production, the index model uses the individual power curve for every grid point in Germany. The parameters of this power curve are available to every market participant, as well as 35 years of synthetic history with reanalyzed weather data.
For more information, see the contract specifications below in the Resource Center.
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