Leipzig, 6 March 2024 – EEX Group reports its February volumes with the following highlights:
- Total monthly trading volume on the EEX Group global power markets exceeded 1,000 TWh for the first time in February 2024, with 1,067 TWh traded in a month, which is a 66% increase year-on-year.
- Volumes on the European power spot markets grew by 26% YoY, reaching 67.1 TWh. European power derivatives volumes more than doubled YoY, with a 108% growth to 614 TWh. The EEX Nordic Power Markets recorded a substantial growth compared to last year, followed by significant volume increases on the Swiss, Spanish, Belgian and French markets. The German and French power futures markets also registered record monthly volumes. The Japanese Power Futures market had another record month with 6.6 TWh, a 176% growth YoY.
- EEX Group’s natural gas markets comprising of both derivatives and spot markets continued a steady growth of 5% YoY (608.1 TWh), with continued significant increases on the UK gas spot and derivatives markets (NBP), as well as the Italian gas derivatives markets (PSV) YoY.
- February 2024 also marked significant records at the EEX Group’s agricultural markets, with the European Dairy Futures market registering a record 8,185 contracts, a 110% increase year-on-year. This growth comprised a notable +129% expansion in butter futures, and +130% rise in skimmed milk powder (SMP) futures.
- EEX Group’s freight markets continued their growth on a month-on-month basis, with 106,470 lots registered in February 2024 (Jan 2024: 102,406 lots)
Please find the full volume report attached as well as on our website.
EEX Group builds secure, successful and sustainable commodity markets worldwide – together with its customers. The group offers trading in power, natural gas, environmental products, freight and agriculturals as well as subsequent clearing and registry services, connecting a network of more than 850 trading participants. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, EEX Asia, Power Exchange Central Europe (PXE), GET Baltic Exchange and Nodal Exchange as well as the registry provider Grexel Systems and software companies KB Tech and Lacima. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing (ECC) and Nodal Clear. EEX Group is part of Deutsche Börse Group. More information: www.eex-group.com
Contact:
EEX Public Relations
T +49 341 2156-300
presse@eex.com