Italian Power Positioning
Italian Power 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 Italian Power positioning
Gas-fired plants set the marginal price in most Italian hours, which ties Italian power closely to the gas market. That link makes the PSV gas hub and the availability of gas plants central to how hedgers position. Commercial undertakings are generators and suppliers locking in the margin between fuel costs and power sales. Investment funds trade the structural premium that Italian power carries over French and Spanish power.
How to read Italian Power positioning
Read Italian Power 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. When an extreme appears, check whether gas positioning at PSV moved the same way, since a shared move points to a gas story rather than a power one.
This is the Italian baseload future on EEX. Read it with Italian PSV Gas, because the gas hub sets much of the cost base for Italian generation, and the two books together show whether funds are trading power or the fuel behind it.
COTInsight scores Italian Power 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.
Italian Power positioning FAQ
Which report covers Italian Power?
Italian Power 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 Italian Power 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 Italian Power?
COTInsight has no price series for Italian Power, so the page carries no divergence flag and no outcome statistics. The positioning layers do not need a price.
See where Italian Power is positioned, free for 7 days
Full dashboard access to Italian Power, the other EU contracts from ESMA and 350+ CFTC markets the moment you log in, no card required. Then keep the edge with a plan:
- Every EU contract and all 350+ CFTC instruments, every week
- On Italian Power: z-score, COT Index, regime, momentum, OI trend, participants and concentration
- Heatmap, detail panel and participant charts
- Structured weekly CSV export
- Everything in Pro
- Positioning cycle and crowding
- PDF briefings and full archive ZIP
- VS comparison against any other market
- REST API access