EEX Group – Monthly Volumes February 2021

Key figures

Please find the detailed figures attached to the press release.

Key achievements in February 

Power 

• 9th February marked the successful launch of the EPEX SPOT Polish Day-Ahead auction which extends the Group’s power spot offering in Central Europe. The Polish Day-Ahead market started off well with 33.6 GWh traded until the end of the month.
• In the European Power Derivatives markets, French Futures grew by 16% to 36.2 TWh, while the Austrian, Swiss and Dutch Power Futures all recorded double-digit growth rates. Nordic Power Futures more than quadrupled and reached a new monthly record at 2,192 GWh (previous record: 1,312 GWh in November 2020). Polish Power Futures also achieved their highest volume so far with 438 GWh traded in February 2021.
• Power Options continued their positive development and grew by 193% to 7.0 TWh. In mid-February, EEX launched new Futures Style Margin Options on Power Futures for Germany, Spain, Italy and France, increasing the choice for customers.
• US Power Derivatives volumes operated by Nodal Exchange increased by 18% to 218.4 TWh. Trading in US power futures set a new daily record on 9th February with a total trading volume of 56.2 TWh registered on that day (previous record: 42.0 TWh on 4 February 2020).
• Japanese Power Derivatives registered 345 GWh which was the second highest monthly volume since launch in May 2020.

Natural Gas 

• The European Gas Spot markets increased by 41% to 170.4 TWh, almost reaching the previous record volume which EEX posted a month ago, in January 2021 (172.9 TWh). This growth was generated by the majority of gas hubs with the Austrian CEGH (+62%), the UK NBP (+536%), the German NCG (+86%), the French PEG (+34%), the Belgian ZTP (+20%) and the Dutch TTF (+17%) showing strong growth rates. In Germany, the GASPOOL market area posted a new record volume of 25.0 TWh which was 66% above February 2020 (previous record: 21.0 TWh).

Environmental Products 

• On the European Emissions markets, trading on the derivatives market more than doubled to a total of 85.8 million tonnes of CO2 (February 2020: 41.4 million tonnes of CO2). This growth was partly driven by the increased options volume. In February, a total of 10.3 million tonnes of CO2 was traded in options (February 2020: 3.9 million tonnes of CO2), all traded in the new Futures Style Margin Options, which is the highest option volume recorded in two years.
• Nodal’s North American Environmental markets also reported a new high in February with 29,580 contracts traded, up 280% from 7,790 contracts in February 2020. The exchange also posted a daily trading record on 26th February with 6,575 contracts.

Freight 

• The EEX Dry Freight markets continued to achieve significant growth, almost doubling in comparison to last year, with 98,499 lots traded in February (February 2020: 49,839 lots). In Freight Futures, volumes increased by 113% while in Freight Options, volumes showed a 30% year-on-year increase.

Agricultural Products

• Trading in Agricultural Products reached 4,975 contracts in February which is an increase of 11%. This upward development was driven largely by the European Dairy Products (+33%) resulting from a strong increase in Butter (+35%) and Skimmed Milk Powder Futures (+27%).

EEX Group provides market platforms for energy and commodity products across the globe and provides access to a network of more than 750 trading participants. The group offers trading in power, natural gas, environmental products, freight, metal and agriculturals as well as subsequent clearing and registry services. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, EEX Asia, Power Exchange Central Europe (PXE) and Nodal Exchange as well as the registry provider Grexel Systems and software company KB Tech. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing (ECC) and Nodal Clear. EEX Group is based in 17 worldwide locations and is part of Deutsche Börse Group. More information: www.eex-group.com