The European Energy Exchange has recorded the first exchange trading transactions in Spanish Power Futures. The trades were concluded in the new short-term maturities which have been available at EEX since the beginning of this week. On Monday, EEX expanded its existing offering in the Power Derivatives Market with the launch of day and weekend futures for France, Italy and Spain.
On Wednesday, the first exchange trades were concluded by the trading participants Dynamic Energy ApS, Energya-VM and Noble Clean Fuels Ltd. The volume of the traded French and Spanish Day-Power-Futures each comprised 600 MWh traded at a price of EUR 36,95 per MWh for Spanish Power Day Ahead and EUR 48.80 per MWh for French Power Day Ahead.
Since the launch of the new maturities on Monday, a total of 73,800 MWh was traded or registered for clearing in Day and Weekend Futures. Of this total, daily futures
accounted for a volume of 63,000 MWh (France: 39,600 MWh, Italy: 13,200 MWh, Spain: 10,200 MWh), whilst French weekend futures recorded a volume of 7,200 MWh and Italian weekend futures recorded a volume of 3,600 MWh.
In addition, on Monday, the Spanish Power Derivatives Market reached a new daily record with a volume of 163,230 MWh. The last record in Spanish Power Futures was on 19 November 2014 with a volume of 73,920 MWh.
EEX’s offering on the Power Derivatives Market comprises financially settled future contracts for Germany/Austria, France and Italy as well as physically settled future contracts for the Netherlands and Belgium. In addition to this, exchange trading in financial futures has also been available for Spanish, Swiss and Nordic Power Futures since 16 February 2015. EEX offers the registration of trade transactions for clearing (Trade Registration) for all these market areas as well as for Romania and Greece.
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. Contracts on power, coal and CO2emission allowances as well as freight and agricultural products are traded or registered for clearing on EEX. EPEX SPOT, Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also members of EEX Group. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing (ECC).