PXE General CZ
The PXE index was created by the Power Exchange Central
Europe and it serves for information purposes only. The
objective is to express the situation in the Czech
electricity market in figures, and subsequently compare the
historical price development.
The initial date for the PXE index calculation was set on
1 October 2007; since this date, only standard products have
been traded at PXE. The index calculation is based on the
MSCI international standards (Morgan Stanley Capital
International). The PXE index is updated always following
the trading day closing, and the value is published on the
PXE website (http://www.pxe.cz).
On the first day of the calculation, a base was compiled
comprising 26 products, and the starting index value was set
at 1 000 points. The index is weighted and expressed in
points. The index base and weights were set so as to best
reflect the electricity consumption in the Czech Republic
and the sales activities involving individual products in
the Czech electricity market, on the PXE platform.
The base includes both baseload and peakload products,
and products within the time interval from the next-day
delivery to contracts with a delivery in 2 years.
Base as of 1 October 2007, consisting of 26 products
Actual base at time “t”
Ratio of time “t” to base as of 1 October 2007
k(t) – chaining coefficient
The base is always valid for 1 month, followed by the
renewal of the monthly products and quarterly contract