EEX Group Monthly Volumes - November 2020

Key figures

Please find the detailed figures here.

Key achievements in November

Power

• In November, the European Spot markets as operated by EPEX SPOT increased by 11% to 52.4 TWh. This increase was largely driven by the good performance in both the Intraday (+18% to 9.5 TWh) and the Day-Ahead markets (+10% to 42.9 TWh).
• On the European Power Derivatives market, the total volume increased by 35% to 494.8 TWh with Belgium, Slovenia and the Nordics setting new monthly records respectively.
• The German (+44% to 313.4 TWh), French (+22% to 58.8 TWh), Spanish (+30% to 20.4 TWh) and Hungarian (+29% to 21.4 TWh) Power Futures continued to report significant growth, confirming their position as major liquidity pools. In Power Options, the upward trend continued with volumes increasing by 277% to 13.1 TWh throughout the month.
• Six months after launching, the Japanese Power Derivatives set a new monthly record. Notable factors, including a rise in overall trading frequency, a significant upswing in the number of new, active trading participants and the start of the winter ’21 hedging season contributed to a total traded volume of 150.1 GWh.
• Overall, EEX’s European Power Derivatives business achieved a major milestone in November by exceeding 4,000 TWh traded in the year to date, for the first time in its history.

Natural Gas

• The European Gas Derivatives market increased by 23% to a total volume of 83.0 TWh (November 2019: 67.4 TWh). The Dutch TTF was the main growth driver, achieving an increase of 22% to 69.5 TWh (November 2019: 56.8 TWh) while both the Italian PSV (946.2 GWh) and CEGH Czech VTP (552.2 GWh) markets recorded triple-digit growth.
• On the Spot segment, the German GASPOOL showed a solid increase of 8% in November with a volume of 15.6 TWh (November 2019: 14.5 TWh). The French PEG and the CEGH Czech VTP both recorded double-digit growth to 15.1 TWh and 824.1 GWh, respectively.

Environmentals

• The European emissions markets achieved further growth on every segment with a total volume of 173.8 million tonnes of CO2 traded in November 2020. With 93.2 million tonnes of CO2, the Derivatives market rose by 78% to a new record (previous record in November 2018 with 64.7 million tonnes of CO2).
• EEX has been re-appointed as the common auction platform (CAP) for EU ETS emission allowances by the European Commission for another period of up to five years.

Freight

• EEX Freight reported another month of impressive growth throughout November, achieving an overall increase of 915% to 60,744 lots traded (November 2019: 5,985 lots).
• In Freight Options, volumes rose significantly to 21,105 lots, representing an increase of 2,831% compared to last year (November 2019: 720 lots), while EEX Freight Futures continued its upward growth trend, increasing by 653% to 39,639 lots traded (November 2019: 5,265 lots).

Agriculturals

• In November 2020, the Agricultural products of EEX rose by 28% to 3,789 contracts driven mainly by European dairy futures, which increased by 92% to 2,415 contracts (November 2019: 1,257 contracts).

EEX Group provides market platforms for energy and commodity products across the globe and provides access to a network of more than 650 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