EEX achieves significant increases in Power Derivatives, Emissions and Agriculturals
Record volumes in Spanish Power Futures and Processing Potatoes
In July 2018, the European Energy Exchange (EEX) increased volumes on its power derivatives markets by 46% to 213.8 TWh (July 2017: 146,2 TWh). On the Spanish power market, volumes exceeded the mark of 10 TWh for the first time, doubling last year’s volume (10.6 TWh, July 2017: 4.3 TWh). Furthermore, the markets for France (18.2 TWh, +18%) and Italy (37.3 TWh, +70%), in particular, developed positively. In Phelix-DE Futures, trading volumes amounted to 128.7 TWh which is clearly above the total July volume in 2017 in the products for the German market (Phelix-DE and Phelix-DE/AT in July 2017: 98.1 TWh).
The July volume comprised 116.0 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
Emission Allowances
On the EEX markets for emission allowances, the total trading volume more than doubled to 249.3 million tonnes of CO2 in July (July 2017: 105.8 million tonnes of CO2). On the EUA secondary market (including options), volumes increased sevenfold to 164.7 million tonnes of CO2 (July 2017: 22.8 million tonnes of CO2). Primary market auctions contributed 84.5 million tonnes of CO2 to the total volume.
Agricultural Products
Throughout July, trading volumes in agricultural products increased by 76% to 12,550 contracts (July 2017: 7,148 contracts). In processing potatoes, volumes exceeded the mark of 10,000 contracts for the first time (10,294 contracts, equal to 257,350 tonnes) was traded. In the dairy segment, the volume reached 2,256 contracts (equal to 11,280 tonnes).
Global Commodities
In freight futures which are available for trade registration, EEX volumes amounted to 1,115 contracts (July 2017: 3,005 contracts).
New Participants
In July, EEX admitted Cenergise Limited, Dublin, KEN S.A., Heraklion (Greece), Nordic Power Trading France A/S, Kolding (Denmark) and Polenergia Obrót S.A., Warsaw as new trading participants. The membership of Société Générale S.A., Paris was extended to the markets for freight and agricultural products. Furthermore, Trailstone GmbH, Berlin extended its admission to the derivatives market for emissions allowances.
The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power and Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.