EEX Reaches New Power Market Records In November – All-Time High In French And Italian Power Futures – Second Highest Volume Ever On The Power Derivatives Market

In November 2014, European Energy Exchange (EEX) achieved new records on its Power Derivatives Market. The overall volume amounted to 177.3 TWh, which is an increase of over 70 percent compared to the same month in the previous year (November 2013: 103.6 TWh). This is the highest monthly volume in 2014. Furthermore, it represents the second highest volume that has ever been traded in this market which is just under the current record of 177.9 TWh traded in September 2013.

Furthermore, EEX reached new record volumes for Italian (13.8 TWh) and French Power Futures (17.1 TWh).

In November, 80.3 TWh were registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).

The base load price for the year 2015 in the Phelix Future product (market area Germany/Austria) was quoted at EUR 35.48 per MWh on 28 November 2014. The peak load price for 2015 in the Phelix Future product was quoted at EUR 44.34 per MWh.

Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 40.4 million tonnes of CO2 was traded in November, compared with 82.3 million tonnes of CO2 in November 2013. During the month, Primary Market Auctions contributed 33.5 million tonnes of CO2 to the total volume.

In November, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 6.80 per EUA. On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2014) varied between EUR 6.50 per EUA and EUR 7.19 per EUA.

New Participants
In November, EEX admitted Enversum GmbH, Hamburg, and FENIE ENERGIA SA, Madrid, as new trading participants. GDF Suez Trading SAS, Paris was admitted for trading in quality-specific gas products. The membership of PGNIG SA, Warsaw, was extended to trading on the gas spot market. Furthermore, EEX recognized Griffin Markets Limited, London, as new Non-Trading Broker.

Details on the volumes are available in the enclosed monthly report.

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 related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. In the context of its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilizer. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is a member of Eurex Group.