In February 2012, the European Energy Exchange (EEX) achieved a new monthly record of 1,506,857 MWh in natural gas trading on the Spot Market of the GASPOOL market area. This corresponds to an increase of 66 percent as against the previous record month (December 2011) during which 908,949 MWh were traded. In total 4,024,451 MWh with delivery into the GASPOOL, NCG and TTF market areas were traded on the EEX Natural Gas Spot Market in February which constitutes an increase of 136 percent as against the same period in the previous year (GASPOOL and NCG: 1,704,603 MWh).
“We are pleased that exchange trading in natural gas is further gaining in speed and that we can record additional volumes on the exchange, in addition to increasing trading in control energy”, explains Oliver Maibaum, EEX Managing Director Exchange. “In conjunction with the introduction of 24/7 trading and trading in the TTF market area, which was introduced recently, EEX was able to further increase the trading participants‘ acceptance and their support of exchange trading in gas”, says Oliver Maibaum.
The positive development of natural gas trading on EEX has been reinforced by further measures since February. For example, a volume-based incentive programme under which bonuses are granted to companies on the Natural Gas Spot Market if certain predefined volume thresholds are reached in day-ahead trading was introduced for the period from February to July 2012.
In order to increase the traders’ attention to certain market situations EEX introduced a “Market Message Service” for the EEX Natural Gas Market on 20 February 2012. This new service enables trading participants to get information on the respective market situation at any time – in particular, also during night hours and on weekends.
The European Energy Exchange (EEX) is the leading European energy exchange. It develops, operates and connects secure, liquid and transparent markets for energyand related products on which power, natural gas, CO2 emission allowances and coal are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC).