German Power (ICE Endex) Positioning
German Power (ICE Endex) positioning comes from the weekly MiFID II Article 58 position report that the trading venue files and ESMA republishes in its register, which splits open interest into investment funds, investment firms and credit institutions, other financial institutions, commercial undertakings and operators with compliance obligations. It shows who holds the open interest each week and which way they lean, the EU counterpart of the CFTC's Commitments of Traders report.
What drives German Power (ICE Endex) positioning
German power is a benchmark for European electricity, and its price moves with wind and solar output, the cost of running gas and coal plants and the carbon price. Wind is the largest single source of German generation, while coal output keeps falling as renewables take a bigger share. Commercial undertakings on ICE Endex include utilities and traders that run German positions next to Dutch power and TTF gas on the same venue. Investment funds trade the German curve as a broad read on European power.
How to read German Power (ICE Endex) positioning
Read German Power (ICE Endex) positioning against its own history: where the investment-fund net sits in its 52-week and 3-year range, and whether commercial hedgers lean the other way. Read an extreme here next to the EEX baseload book on the German Power page, because German power trades on more than one venue and a single venue shows part of the market.
This is the German baseload future on ICE Endex, financially settled against the German day-ahead auction. German Power covers the baseload contract on EEX and German Power Peak covers the weekday daytime shape, so readers comparing venues or load shapes can use all three pages.
COTInsight scores German Power (ICE Endex) every week on the layers that do not need a price: the 52-week z-score, the 3-year COT Index, the regime classifier, momentum and streak, the open-interest trend, concentration, and the positioning cycle. There is no price series for this contract, so no divergence flag and no outcome statistics.
ESMA, MiFID II Article 58 weekly position reports, available free of charge at registers.esma.europa.eu. COTInsight regroups ESMA's position categories into its own columns and calculates its own statistics from them; ESMA does not endorse COTInsight.
German Power (ICE Endex) positioning FAQ
Which report covers German Power (ICE Endex)?
German Power (ICE Endex) positioning comes from the weekly MiFID II Article 58 position report that the trading venue files and ESMA republishes in its register, which splits open interest into investment funds, investment firms and credit institutions, other financial institutions, commercial undertakings and operators with compliance obligations. COTInsight maps investment funds to the speculative side and commercial undertakings plus operators with compliance obligations to the hedging side.
How often is German Power (ICE Endex) positioning updated?
Each venue reports positions as of the end of every week. COTInsight checks ESMA's register every week and shows the date of the latest report beside the reading.
Why are there no price statistics for German Power (ICE Endex)?
COTInsight has no price series for German Power (ICE Endex), so the page carries no divergence flag and no outcome statistics. The positioning layers do not need a price.
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