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In March 2017, the European Energy Exchange (EEX) reached a volume of 311.2 TWh on its power derivatives markets, representing a year-on-year increase of 22% (March 2016: 255.8 TWh).
In particular, power products for the German-Austrian market contributed to this result. At 250.5 TWh, volumes in this market increased by 42% (March 2016: 176.6 TWh). This includes 225.9 TWh from Phelix Futures and 24.6 TWh from Phelix Options.
The March volumes comprised also 158.7 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).
Emission Allowances
On the EEX Market for emission allowances, a total volume of 117.5 million tonnes of CO2 was traded in March which represents a year-on-year increase of 50% (March 2016: 78.4 million tonnes of CO2). On the EUA secondary market, volumes have doubled to 33.6 million tonnes of CO2 (March 2016: 15.7 million tonnes of CO2). The primary market auctions contributed 83.5 million tonnes of CO2 to the total volume.
Agricultural Products
Throughout March, a total of 5,906 contracts was traded in agricultural products at EEX which is an increase of 58% compared to the previous year (March 2016: 3,746 contracts). On the derivatives market for processing potatoes, the volume increased by 64% to 3,633 contracts (equal to 90,825 tonnes) while the derivatives market for dairy products increased by 48% to 2,273 contracts (equal to 11,365 tonnes). This includes 1,359 contracts (equal to 6,795 tonnes) from Butter Futures which is a new monthly record.
Global Commodities
In freight futures which are available for clearing via ECC, EEX recorded a volume of 3,840 contracts in March.
New Participants
In March, EEX admittd Linea Più S.p.A, Pavia (Italy), as a new trading participant. Furthermore, natGas Aktiengesellschaft, Potsdam (Germany), has extended its admission to trading on the power derivatives market. In total, 22 participants were admitted to trading of the new Floor Futures which EEX launched on 15 March this year.
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is part of Deutsche Börse Group. For more information: www.eex.com
EEX – Monthly Figures Report for March 2017
Volumes
|
Power Derivatives Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
311,209,861 |
255,754,867 |
|
Phelix Futures |
225,854,101 |
172,341,941 |
|
French Futures |
20,395,829 |
34,044,459 |
|
Italian Futures |
32,050,420 |
38,763,122 |
|
Spanish Futures |
5,730,419 |
4,389,753 |
|
Further markets |
2,061,162 |
1,439,592 |
|
Options on Phelix Futures |
24,636,730 |
4,302,000 |
|
Further Option Markets |
481,800 |
474,000 |
|
CO2 Emissions Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
117,491,000 |
78,437,500 |
|
EUA Spot Market |
91,752,000 83,503,000 8,249,000 |
69,013,000 |
|
EUAA Spot Market (Primary Market Auctions) |
50,000 |
683,500 |
|
CER Spot Market Futures |
348,000 |
2,000 |
|
EUA Futures |
25,341,000 |
8,739,000 |
|
Agricultural Products |
Monthly volume |
Monthly volume |
|
Total |
5,906 |
3,746 |
|
Processing Potatoes |
3,633 |
2,215 |
|
Dairy Products |
2,273 |
1,531 |
|
Global Commodities |
Monthly volume |
Monthly volume |
|
Freight Futures |
3,840 |
- |
Prices and Indices
|
|
March 2017 |
|
Phelix Futures – Settlement Price for base load contract with delivery in 2018 (in €/MWh) |
29.77 |
|
Phelix Futures – Settlement Price for peak load contract with delivery in 2018 (in €/MWh) |
37.49 |
|
E-Carbix (in €/EUA) |
5.09 |
|
Settlement Price on EUA Derivatives Market in Dec 2017 contract (min. / max.) in €/EUA |
4.63 / 5.91 |
