Since the end of May the European Energy Exchange (EEX) has established exchange trading with a high liquidity and a constantly growing number of trading participants in the Dutch TTF market area. From the launch on 30 May 2011 until 18 November 2011, in total 2,729,646 MWh (3,926 contracts) were traded via EEX for delivery into the TTF market area. 33 companies are admitted to trading within the TTF market area on EEX.
A large part of the trade volume was generated on the Within-Day Market during this period. In total, 2,318,430 MWh were traded here. The Day-Ahead Market accounted for 411,216 MWh. The Within-Day Product which EEX introduced for the GASPOOL
and NCG market areas in March 2010 and expanded with the TTF market area at the end of May 2011, permits trading for the current gas delivery day and facilitates the integration of control energy trading on the exchange.
“The experience of EEX and the confidence of the trading participants from the exchange intraday markets which have already been established in the GASPOOL and NCG market areas contribute to the success of TTF trading. EEX offers traders, gas
shippers and gas transport system operators standardised trading products which can be used for short-term optimisation and to efficiently compensate balance imbalances“, explains Oliver Maibaum, EEX Managing Director Exchange.
The European Energy Exchange (EEX) develops, operates and connects secure, liquid and transparent markets. EEX holds 50 percent of the shares in EPEX SPOT SE, which operates the Spot Market for power for Germany, France, Austria and Switzerland. The German and French Derivatives Market for power is concentrated within EEX Power Derivatives GmbH, a majority-owned subsidiary of EEX with registered offices in Leipzig. Furthermore, EEX offers spot and derivatives trading in natural gas and CO2 emission allowances as well as trading in financial coal futures. EEX Group also includes European Commodity Clearing AG (ECC), the central clearing house for energy and related products in Europe.
