EEX Group Annual Volumes 2024: Continued Growth Across Key Markets

In 2024, EEX Group further solidified its position as a global commodity exchange by achieving further overall growth across its various asset classes.  

Throughout the year, EEX Group continued to drive market development in collaboration with its customers and focused on the extension of its product portfolio across both established markets and new areas, such as the Guarantees of Origin sector. 

In addition, the Group also expanded its reach through the establishment of a new EEX subsidiary in Japan, where traded volumes of EEX Japan Power derivatives contracts have almost quadrupled year-on-year.

To underpin the Group’s commitment towards supporting the energy transition, it also spearheaded various collaboration initiatives in the environmental and hydrogen sectors, in addition to introducing new contracts with the potential to further drive renewables integration. 

Peter Reitz, CEO of EEX, comments: “2024 has been another year of remarkable growth for our markets overall, primarily driven by our global power markets as well as our North American operations, along with reassuring stability on other markets. In 2025, we will continue to work closely with the trading communities to develop the markets, while also acting on our commitment to supporting the energy transition.”

Power

The EEX power derivatives markets saw an extended portfolio with the addition of Nordic Zonal Futures, Irish Power Futures, Japanese Power Monthly Options as well as the unique Mon-Sun Peak Power Futures for the Spanish market, amongst other contract launches. On the power spot markets, coupled Intraday auctions were introduced within the European Single Intraday Coupling. 

In 2024, traded volumes on EEX Group’s global power markets grew by an impressive 43% compared to 2023, reaching 12,370.5 TWh and exceeding 10,000 TWh for the first time. 

• The European power spot market, operated by EPEX SPOT, rose by 21%, totaling 879.9 TWh (2023: 724.5 TWh).
• The European power derivatives markets also saw significant growth, an increase of 63% to 8,438.6 TWh, driven by core markets such as the German (60% YoY), French (116% YoY), and Spanish (67% YoY) power futures. The Belgian (87% YoY), Swiss (79% YoY) and CSEE (105% YoY) power derivatives markets also recorded significant volumes throughout the year.
• The EEX Japanese power derivatives market once again grew substantially with a strong 299% growth.
• Nodal Exchange’s North American power futures market continued the upward trajectory, reaching a record annual volume of 2,979.0 TWh.

Natural Gas  

Traded volumes on the EEX Group’s natural gas markets in 2024 reached a total of 7,099.8 TWh, remaining at the steady high level as seen over the past two years, with a slight volume decrease of 3% YoY.
A highlight of the year in this asset class was the 78% YoY growth on the soon-to-be-integrated EEX Baltic-Finnish gas markets, currently operated by GET Baltic.  

• Selected European gas derivatives markets also increased significantly compared to previous year, such as UK’s NBP (572%) and the Italian PSV (+39%).
• Nodal gas derivatives market US saw a 206% YoY increase, reaching a volume of 281.7 TWh.

Environmental Markets 

EEX Group’s Environmental markets experienced growth in both Europe and North America in 2024:

• The EEX European emissions markets recorded a total volume of 1,389.9 million tonnes of CO2, reflecting an 8% year-on-year increase, primarily driven by a 27% growth in the Emissions derivatives market.
• In North America, Nodal Exchange's Environmental markets reached record-breaking volumes, with 859,142 contracts traded in 2024, marking a remarkable 149% increase compared to the previous year.

Guarantees of Origin 

The overall EEX Guarantees of Origin portfolio saw a 11% year-on-year increase, reaching a volume of 55.8 TWh, driven by a 33% increase in multilateral GO spot auctions and the new GO Futures, which reached 4.8 TWh by the end of the year. 

Following years of providing GO registry services, in 2024, EEX, in partnership with IncubEx, launched a new innovative contract suite. This new set of future contracts covers power GOs on hydro, wind and solar in addition to a general contract for renewable power.

In addition, EEX also started French biogas GO auctions in December, and was re-appointed as the registry provider for the French power GOs earlier in the year.

Freight 

In the freight sector, at the end of 2024, EEX introduced a new range of dry and LNG freight futures and options contracts, to address customer demand.  

During the year, the EEX freight markets experienced a decline in volumes (-10%) compared to last year’s record levels, while trading in freight futures grew by 8%, reaching 963,594 lots.

Agricultural products

The total traded volume of agricultural products slightly increased to 50,092 contracts year on year (+2%), including the traded volume in dairy futures increased by 9% to a new annual record of 48,330 contracts.

Collaborations to drive energy transition

The year also marked the establishment of key partnerships, including the initiative for the development of a hydrogen trading market in India together with IGX and GIZ, as well as a Memorandum of Understanding with Turkiye’s EPİAŞ on the establishment of Emissions Trading Scheme (ETS).

The complete overview of EEX Group's 2024 annual volumes is available here.

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 950 trading participants. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, EEX Asia, Power Exchange Central Europe (PXE), GET Baltic 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