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In January 2017, European Energy Exchange (EEX) reached a volume of 291.1 TWh on its power derivatives markets (January 2016: 332.4 TWh). At 658,271 MWh, volumes in the Dutch market have more than tripled compared to the previous year (January 2016: 160,302 MWh). In the Swiss power derivatives market, volumes increased by 37% to 707,826 MWh (January 2016: 515,380 MWh). Trading in power options increased by 28% to 16.0 TWh (January 2016: 12.5 TWh).
The January volumes comprised 152.3 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 80.1 million tonnes of CO2 was traded in January (January 2016: 77.9 million tonnes of CO2). In particular, the increase was driven by the primary market auctions with a total volume of 60.3 million tonnes of CO2. In the new EUA options contracts which EEX launched in mid-October 2016, a volume of 250,000 tonnes of CO2 was traded.
Agricultural Products
During the month, a total of 3,982 contracts was traded in agricultural products at EEX which means that the volume has increased by 21% compared to the previous year (January 2016: 3,282 contracts). In particular, the derivatives market for dairy products contributed to this development. Volumes in this market increased by 65% to 2,139 contracts (equal to 10,695 tonnes) compared to the previous year (January 2016: 1,293 contracts).
New Participants
In January, EEX admitted Oak Capital LLP, London, as new trading participant. Furthermore, Vendohm Ltd, London, has extended its admission to trading on the derivatives market for Emission Allowances.
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, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) 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 January 2017
Volumes
|
Power Derivatives Market |
Monthly volume
MWh |
Monthly volume – previous year MWh |
|
Total |
291,102,378 |
332,403,605 |
|
Phelix Futures |
227,961,023 |
224,723,919 |
|
French Futures |
16,830,222 |
44,380,200 |
|
Italian Futures |
24,691,546 |
46,267,189 |
|
Spanish Futures |
4,096,020 |
3,815,735 |
|
Further markets |
1,536,567 |
694,402 |
|
Options on Phelix Futures |
15,111,000 |
12,245,800 |
|
Further Option Markets |
876,000 |
273,000 |
|
Cap Futures |
0 |
3,360 |
|
CO2 Emissions Market |
Monthly volume
|
Monthly volume – previous year tonnes of CO2 |
|
Total |
80,066,500 |
77,910,500 |
|
EUA Spot Market |
63,954,500 |
47,287,000 |
|
CER Spot Market |
0 |
683,500 |
|
EUA Futures |
15,862,000 |
29,940,000 |
|
EUA Options |
250,000 |
- |
|
Agricultural Products |
Monthly volume
Number of contracts |
Monthly volume Number of contracts |
|
Total |
3,982 |
3,282 |
|
Processing Potatoes |
1,843 |
1,985 |
|
Dairy Products |
2,139 |
1,293 |
|
Lifestock & Meat |
0 |
4 |
|
Global Commodities |
Monthly volume
Number of contracts |
Monthly volume Number of contracts |
|
Freight Futures |
1,930 |
- |
Prices and Indices
|
|
January 2017 |
|
Phelix Futures – Settlement Price for base load contract with delivery in 2017 (in €/MWh) |
30.10 |
|
Phelix Futures – Settlement Price for peak load contract with delivery in 2017 (in €/MWh) |
38.16 |
|
E-Carbix (in €/EUA) |
5.24 |
|
Settlement Price on EUA Derivatives Market in Dec 2016 contract (min, / max,) in €/EUA |
4.71 / 6.15 |
