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In April 2013, the total volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 90.3 TWh which is a year-on-year increase of 85 percent compared to April 2012 (48.7 TWh). The Power Derivatives Market volume contained 38.4 TWh from OTC clearing.
The Power Derivatives Market volumes are broken down as follows:
- The base load for 2014 on the Power Derivatives Market was quoted at EUR 38.84 per MWh (Germany) and EUR 49.19 per MWh (France) on 30 April 2013.
- The peak load for 2014 was determined at EUR 42.35 per MWh (Germany) and at EUR 56.13 per MWh (France).
- The daily reference price on the Spot Market for Natural Gas ranged between EUR 26.12 per MWh and EUR 33.16 per MWh.
- For delivery in May, the EGIX Germany reference price was quoted at EUR 27.04 per MWh (EGIX GASPOOL: EUR 27.05 per MWh, EGIX NCG: EUR 27.04 per MWh).
- In April, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 3.19 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2013) varied between EUR 2.79 per EUA and EUR 5.22 per EUA.
| Power |
April 2013 Vol. in MWh |
April 2012 Vol. in MWh |
| Total trading volume |
90,344,759 |
48,732,935 |
| Phelix Futures |
87,775,654 |
47,361,170 |
| French Futures |
1,761,505 |
778,965 |
| Phelix Options |
807,600 |
592,800 |
The total trading volume on the EPEX SPOT Power Spot Market amounted to 27.8 TWh in April 2013.
Natural Gas Market increased by 64 percent
On the EEX Natural Gas Spot and Derivatives Market, a total volume of 8,446,530 MWh was traded in April. Compared to April 2012, this represented an increase of 64 percent. The Spot Market volumes increased significantly with a traded volume 2.5 times higher than April 2012.
The Natural Gas Market volumes are broken down as follows:
| Natural Gas |
April 2013 Vol. in MWh |
April 2012 Vol. in MWh |
| Total trading volume |
8,446,530 |
5,163,842 |
| Spot Market
(GASPOOL, NCG and TTF market areas) |
6,060,380 |
2,402,182 |
| Derivatives Market
(GASPOOL and NCG market areas) thereof: OTC clearing volume |
2,386,150 0 |
2,761,660 256,810 |
EUA auctions for 2nd trading period terminate
On the EEX Market for Emission Allowances, a total volume of 71,122,000 tonnes of CO2 was traded in April, with a volume of 67,961,000 tonnes of CO2 coming from the primary market auctions. On 25 April 2013, EEX conducted the last primary market auction of EU allowances for the second trading phase on its Spot Market.
The volumes traded in Emission Allowances were as follows:
| Emission Allowances |
April 2013 Vol. in tCO2 |
April 2012 Vol. in tCO2 |
| Total trading volume |
71,122,000 |
8,883,000 |
| EUA Spot Market Primary Market Auctions: Secondary Market: |
70,286,000 67,961,000 2,325,000 |
2,411,000 2,200,000 211,000 |
| CER Spot Market |
12,000 |
_ |
|
EUA Derivatives Market Primary Market Auctions: Secondary Market: |
824,000 0 824,000 |
6,445,000 2,580,000 3,865,000 |
| CER Derivatives Market |
0 |
27,000 |
New participants
In April, EEX admitted Gas Natural Europe S.A.S, Paris, to trade on all EEX Markets. Centrica Energy Limited, Windsor, was admitted to trade on the Natural Gas Spot Market. S.S.I.F. Vienna Investment Trust S.A., Bucharest, is new participant on the Spot Market for Emission Allowances and the first trading member of EEX from Romania. Furthermore, EEX admitted Gnera Energía y Tecnología S.L., Madrid, for trading on the Power Derivatives Market as well as BGC Brokers L.P., London, which was admitted in the context of the EEX-Eurex cooperation.
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 and coal are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is a member of Eurex Group.
