Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

EEX Records Strong Increases In Power Derivatives And CO2 Secondary Market

Date 04/01/2016

The monthly volume on EEX’s power derivatives market, amounted to 233.6 terawatt hours (TWh) in December 2015 which is an increase of 14% compared to December 2014 (205.1 TWh).

In power futures for Spain (4.4 TWh) and Switzerland (1.0 TWh), EEX reached the highest volumes since the launch of these products. Furthermore, Italian Power Options were registered for the first time at EEX.

The December volumes comprised 148.3 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).

Emission Allowances

On the EEX Market for emission allowances, a total volume of 48.9 million tonnes of CO2 was traded in December, which means that the volume has more than doubled compared to the previous year (December 2014: 22.8 million tonnes of CO2). In particular, volumes on the EUA secondary market contributed to this development: On the spot market, volumes almost quadrupled to 4.5 million tonnes of CO2 while, on the derivatives market, EEX achieved the highest volume for more than two years with 14.8 million tonnes of CO2. Primary market auctions contributed 29.6 million tonnes of CO2 to the total volume.

Agricultural Products

In December, 2,585 contracts were traded in agricultural products at EEX. This includes 1,653 contracts (equal to 41,325 tonnes) from Potatoes and 932 contracts (equal to 4,660 tonnes) from Dairy Products.

New Participants

In December, EEX admitted Multiutility S.p.A., Verona, and Tallon Trading AG, Baar (Germany) as new trading participants. ICAP Energy Limited, London, and SSY Futures Limited, London, were recognised as new Non-Trading Brokers at EEX. Furthermore, Endesa Generación S.A., Sevilla, GFI Securities Limited, London, and Vitol S.A., Geneva, were additionally admitted for registering Freight contracts for clearing. EP Energy Trading, a.s., Prague, was additionally admitted on the Spot and Derivatives Market for Emission Allowances.

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 commodity products. At EEX, contracts on Power, Coal and Emission
Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT (incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is part of Deutsche Börse Group. For more information: www.eex.com

 

EEX – Monthly Figures Report for December 2015

 

Volumes

Power Derivatives Market

Monthly volume

MWh

Monthly volume – previous year

MWh

Total

233,596,617

205,124,080

Phelix Futures

143,792,765

158,198,474

French Futures

33,118,270

17,387,665

Italian Futures

44,894,909

25,453,243

Spanish Futures

4,440,069

122,015

Further markets

1,105,884

452,683

Options on Phelix Futures

6,135,520

3,510,000

Options on Italian Futures

109,200

-

CO2 Emissions Market

Monthly volume

tonnes of CO2

Monthly volume – previous year

tonnes of CO2

Total

48,925,000

22,810,000

EUA Spot Market
- thereof: Primary Market Auctions
- thereof: Secondary Market

34,108,000
29,624,000
4,484,000

20,711,000
19,526,000
1,185,000

CER Spot Market

2,000

83,000

EUA Derivatives Market

14,815,000

2,016,000

Agricultural Products

Monthly volume

 

Number of contracts

Monthly volume
– previous year

Number of contracts

Total

2,585

-

Processing Potatoes

1,653

-

Dairy Products

932

-

Prices and Indices

 

December 2015

Phelix Futures – Settlement Price for base load contract

with delivery in 2017 (in €/MWh)

26.61

Phelix Futures – Settlement Price for peak load contract

with delivery in 2017 (in €/MWh)

33.72

E-Carbix (in €/EUA)

8.26

Settlement Price on EUA Derivatives Market

in Dec 2016 contract (min. / max.) in €/EUA

8.14 / 8.67