Leipzig, 8 October 2025 - The European Energy Exchange (EEX) has seen a significant traded volume growth on its Nordic Power derivatives market following the start of the comprehensive liquidity programme on 1 September.
The total monthly volume exceeded 2 TWh, a 334% growth compared to the same period last year, which was the highest reported monthly volume in 2025. In September alone, trading volumes exceeded the volume level of the total first half of the year (January – June 2025; 1.8 TWh) The first month of the programme also saw the first trade in the Norwegian NO3 zone trade, in addition to several trades concluded with System Price and other Danish and Swedish Zonal futures.
The EEX member base on the Nordic power derivatives market covers Scandinavian, continental European and US-based market participants.
Peter Reitz, CEO of EEX, comments: “While the market is just starting to kick off, it’s positive to see that the Nordic trading community, including international and local trading participants, is ready to restore the volumes and thus liquidity on this market. We are delighted to see the significant growth over the first month of our initiatives and looking forward to working together to drive this trend forward.”
EEX’s product offering for the region includes both Nordic System Price contracts, the so-called Zonal Futures with price determination for each Nordic delivery area, and Implied EPADs, a combination of Zonal Futures and the Nordic System Price Futures, which provide the benefit of the location spread effect. This setup reduces capital requirements through cross-margining effects.
The European Energy Exchange (EEX) is a leading energy exchange which builds secure, successful and sustainable commodity markets worldwide – together with its customers and partners. As part of EEX Group, it serves international power, natural gas, environmental, freight and agricultural markets, and provides data, reporting and registry services. EEX is an enabler of the energy transition and decarbonisation, advancing renewables integration through dedicated products and services, including those related to guarantees of origin