EEX Group Press Release – Monthly Report August 2020

    Key figures

    Commodity

    Unit

    August 2020

    August 2019

    Change

    Power Spot Market Europe
    Power Derivatives Market Europe
    Power Derivatives Market US
    Power Derivatives Market Japan
    Power Total

    TWh
    TWh
    TWh
    MWh
    TWh

    48
    258
    129
    58.5
    434

    48
    282
    128
    0
    458

    0%
    -9%
    +1%
    n/a
    -5%

    Gas Spot Market Europe
    Gas Derivatives Market Europe
    Gas Derivatives Market US
    Natural Gas Total

    TWh
    TWh
    TWh
    TWh

    97
    48
    0
    145

    115
    108
    0
    223

    -15%
    -56%
    n
    -35%

    Environmental Products Europe

    million tonnes
    of CO2

    71

    69

    +4%

    Environmental Products US

    contracts

    11,500

    5,270

    +118%

    Freight

    lots

    55,159

    4,324

    +1,176%

    Agricultural Products

    contracts

    4,265

    6,239

    -32%

    Please find the detailed figures attached to the press release.

    Key achievements in August

    Power

    • The Power Spot Intraday market as operated by EPEX SPOT, increased by 25% to 9.2 TWh in August, with the Belgian market reporting a new record of 263.6 GWh (previous record in May 2020 with 256.6 GWh) and the Netherlands registering their second highest volume to date with 377.3 GWh.
    • On the European Power Derivatives segment, the Dutch market reported a significant increase of 73% to 3.7 TWh (August 2019: 2.1 TWh) while Hungary continued to cement its position as one of the key trading hubs of central Europe with 13.8 TWh traded, up 43% (August 2019: 9.7 TWh). French and Spanish Futures also reported double-digit growth, with 26.2 TWh and 10.2 TWh respectively.
    • As in July, the Power Options market continued to show solid results with a total volume of 6.7 TWh, up 36% (August 2019: 4.9 TWh).
    • On the Power Derivatives Market US, which reported a total volume of 128.6 TWh in August (August 2019: 127.8 TWh), Options hit a new record with 2.2 TWh (previous record in March 2020 with 1.4 TWh).
    • Having reached the milestone of 100 days of trading in Japan, EEX reported a total of 58.5 GWh in Japan Power trading in August. In addition, during that month, EEX registered its first seasonal and yearly deals for the 2020 Winter and 2021 Calendar year which is a key step in the development of the Japanese Power derivatives market.  

    Natural Gas

    • In the context of a general slow down in the European wholesale spot gas market, the German Gaspool and the French PEG both registered a positive volume growth of 4% compared to last year, respectively reporting 11.9 TWh and 12.2 TWh.

    Emissions

    • Despite the Summer season and a major increase in prices, the Environmental products in Europe achieved an increase of 4%, mainly driven by the Emissions Futures and Options markets, which respectively reported a 6% and 80% growth compared to the same period last year: 34 million tonnes of CO2 were traded on the Futures market in August 2020 (August 2019: 32.1 million tonnes of CO2) while 3.8 million tonnes of CO2 were negociated on the Options segment (August 2019: 2.1 million tonnes of CO2)
    • In North America, Environmental markets on Nodal Exchange – which now offers the largest suite of listed Environmental products in the world – continued to grow significantly last month with a 118% increase to 11,500 contracts (August 2019: 5,270 contracts).

    Freight

    • EEX Freight continued to report major growth in the month of August with a 1,176% volume increase to 55,159 lots traded (August 2019: 4,324 lots). The impressive result was driven by both the Futures and Options segments, confirming once more EEX Group’s position as a driving force in dry freight trading worldwide.  

     

    EEX Group provides market platforms for energy and commodity products across the globe and provides access to a network of more than 650 trading participants. The group offers trading in power, natural gas, environmental products, freight, metal and agriculturals as well as subsequent clearing and registry services. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, EEX Asia, Power Exchange Central Europe (PXE) and Nodal Exchange as well as the registry provider Grexel Systems and software company KB Tech. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing (ECC) and Nodal Clear. EEX Group is based in 17 worldwide locations and is part of Deutsche Börse Group. More information: www.eex-group.com