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The monthly volume on EEX’s power derivatives market amounted to 255.8 terawatt hours (TWh) in March 2016 which is an increase of 14% compared to March 2015 (223.6 TWh).
In particular, the markets for Germany (+5% year-on year), France (+62%) and Italy (+12%) contributed to this increase. At 219 GWh, EEX reached the highest volume in power options for Spain since the start of this product in August 2015 while Spanish power futures contributed 4.4 TWh to the overall derivatives volume.
The March volumes comprised 136.9 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 78.4 million tonnes of CO2 was traded in March, which means that the volume has increased by 31 % compared to the previous year (March 2015: 59.8 million tonnes of CO2).
EUA secondary trading contributed a large share to this development with a 10-fold higher volume of 15.7 million tonnes of CO2 compared to the previous year. This includes 7.0 million tonnes of CO2 from trading on the spot market and 8.7 million tonnes of CO2 from trading on the derivatives market. Primary market auctions contributed 62.7 million tonnes of CO2 to the total volume.
Agricultural Products
In March, a total of 3,746 contracts was traded in agricultural products at EEX. This includes 2,215 contracts (equal to 55,375 tonnes) from European processing potatoes and 1,531 contracts (equal to 7,653 tonnes) from dairy products.
New Participants
In March, EEX admitted Nexus Energia S.A., Barcelona, Quantum GmbH, Ratingen (Germany), Utilità S.p.A., Milan as well as Watt and Volt S.A., Athens as new trading participants. Furthermore, ARAX Commodities Limited, London was recognised 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 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) 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
