In August 2014, the total volume in power derivatives on the European Energy Exchange (EEX) amounted to 98.6 TWh, which is an increase of 48 percent compared to the same month in the previous year (August 2013: 66.5 TWh).
Compared to the previous year, volumes for all products on the Power Derivatives Market increased significantly. French Power Futures saw the biggest growth with volumes more than tripled to 3.9 TWh (August 2013: 1.1 TWh). In Belgian Power Futures, the highest volume since the launch of the product in September 2013 was reached at 22.1 GWh.
In August, 40.2 TWh were registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).
The base load price for the year 2015 in the Phelix Future product (market area Germany/Austria) was quoted at EUR 35.85 per MWh on 29 August 2014. The peak load price for 2015 in the product Phelix Future was quoted at EUR 44.80 per MWh.
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 19.5 million tonnes of CO2 was traded in August, compared with 61.9 million tonnes of CO2 in August 2013. During the month, Primary Market Auctions contributed 17.1 million tonnes of CO2 to the total volume.
In August, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 6.24 per EUA. On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2014) varied between EUR 5.93 per EUA and EUR 6.46 per EUA.
New Participants
In August, EEX admitted Citadel Financial Products S.A.R.L., Senningerberg (Luxembourg), on the Derivatives Market for Natural Gas. Conocophillips (U.K.) Limited, London, was admitted on the Spot and Derivatives Market for Natural Gas. The membership of Macquarie Bank Limited (London Branch) was extended by trading of quality-specific gas products on the Spot Market. EEX admitted PetroChina International (London) Co., Limited on the Spot Market for Natural Gas. Furthermore, VEMEX Energie a.s., Prague, was admitted on the Derivatives Market for Power and Natural Gas.
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 related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. In the context of its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilizer. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is a member of Eurex Group.
Monthly Figures Report for August 2014
Power
|
|
August 2014 |
August 2013 |
|
Total trading volume |
98,609,602 |
66,513,729 |
|
Phelix Futures |
82,607,619 |
64,011,586 |
|
French Futures |
3,948,394 |
1,078,743 |
|
Italian Futures |
8,488,139 |
- |
|
Dutch Futures |
3,600 |
- |
|
Belgian Futures |
22,090 |
- |
|
Spanish Futures (Trade Registration) |
27,000 |
- |
|
Phelix Options |
3,512,760 |
1,423,400 |
Emission Allowances
|
Total trading volume |
19,472,000 |
61,941,500 |
|
EUA Spot Market - Secondary Market: |
18,258,000 |
33,606,500 |
|
CER Spot Market |
401,000 |
100,000 |
|
EUA Derivatives Market |
813,000 |
28,235,000 |