EEX records strong growth in power, emissions and freight markets
In November 2018, the European Energy Exchange (EEX) increased volumes on its power derivatives markets by 26% to 349.5 TWh (November 2017: 276.6 TWh). The positive development can be noted particularly in the threefold increase in Phelix-DE futures to a volume of 222.6 TWh as well as in the power futures for Spain, which more than doubled to a volume of 11.2 TWh.
On 12 November 2018 EEX introduced a range of short-term products on the power derivatives. Market participants can now trade cleared Romanian week contracts as well as day and week contracts in Dutch and Czech Power. Until the end of the month, a volume of 26,520 MWh was traded in the new maturities.
The November volume comprised 193.6 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 increased by 48% to 213.4 million tonnes of CO2 in November (November 2017: 144.3 million tonnes of CO2). In particular EUA options contributed to this development with a volume of 72.1 million tonnes of CO2. The total volume comprised 70.6 million tonnes of CO2 from primary market auctions. In addition, on 16 November, EEX held its first auction of emission allowances on behalf of a public auctioneer on the secondary market: 3,126,500 EUAs were auctioned off on behalf of Latvia.
Agricultural Products
Throughout November, trading volumes in agricultural products amounted to 4,132 contracts (November 2017: 4,198 contracts). In the dairy segment, the volume reached 2,980 contracts (equal to 14,900 tonnes). In processing potatoes, volumes amounted to 1,152 contracts (equal to 28,800 tonnes).
Global Commodities
In freight futures which are available for trade registration, EEX volumes increased by 63% to 6,015 contracts (November 2017: 3,685 contracts).
New Participants
In November, EEX admitted E.ON Energie Deutschland GmbH (Munich), EDP Renovaveis Servicios Financieros SA (Oviedo, Spain), Ezpada Commodities AG (Triesen, Liechtenstein) as well as UK LUX LTD (London) as new trading participants. Freepoint Commodities Europe LLP (London), BP Gas Marketing Limited (London) and Mercuria Energy Trading SA (Geneva) were additionally admitted for trading UK Power Futures. The membership of Eneco Energy Trade B.V. (Rotterdam) was extended to Primary Market Auctions on the spot market for emission 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.