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The volume on the Natural Gas Derivatives Market of the European Energy Exchange (EEX) is increasing further. From the introduction of the incentive scheme on 1 August 2011 until 11 November 2011, a total of 6,144 contracts was traded on the EEX Derivatives Market for natural gas in the GASPOOL and NCG market areas (as against 1,960 contracts traded in the same period in the previous year). This corresponds to a trading volume of 13,354,701 MWh and, hence, almost four times the volume generated during the same period in the previous year (3,436,270 MWh).
“Through the incentive model for the Gas Derivatives Market, we are setting impulses for long-term trading”, emphasizes Oliver Maibaum, Managing Director Exchange. The premium has been paid out seven times since the introduction of the model. “The companies are trading higher quantities on the Gas Derivatives Market than before. In addition, the stable market making – i.e. daily quoting for both market areas (GASPOOL and NCG) – supports liquidity on the Gas Derivatives Market.
Under the incentive model of EEX, which is still available until the end of the year, a premium is paid out to the respective three trading participants with the highest activity that trade a volume of more than 1 TWh or of 2 TWh on the Derivatives Market on a monthly basis. All participants on the Natural Gas Derivatives Market and all products – both in exchange trading and in OTC clearing – are automatically considered in the calculation. At the moment, 107 companies are registered for gas trading on EEX.
The European Energy Exchange (EEX) develops, operates and connects secure, liquid and transparent markets. EEX holds 50 percent of the shares in EPEX SPOT SE, which operates the Spot Market for power for Germany, France, Austria and Switzerland. The German and French Derivatives Market for power is concentrated within EEX Power Derivatives GmbH, a majority-owned subsidiary of EEX with registered offices in Leipzig. Furthermore, EEX offers spot and derivatives trading in
natural gas and CO2 emission allowances as well as trading in financial coal futures.
EEX Group also includes European Commodity Clearing AG (ECC), the central clearing house for energy and related products in Europe.
