In December 2012, the total trading volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 85.1 TWh. Compared to December 2011, the volume increased by 30 per cent. The Power Derivatives Market volume contained 51.2 TWh from OTC clearing.
The Power Derivatives Market Volumes can be broken down as follows:
Power | Dec 2012 Vol./MWh | Dec 2011 Vol./MWh |
Total trading volume | 85,061,591 | 65,657,994 |
Phelix Futures | 82,705,063 | 62,881,944 |
French Futures | 2.356.528 | 2.488.050 |
Options on Phelix Futures | 0 | 288,000 |
- The base load for 2012 on the Power Derivatives Market was quoted at 45.07 Euro/MWh (Germany) respectively 47.28 Euro/MWh (France) on 21st December 2012. The peak load for 2012 was determined at 56.96 Euro/MWh (Germany) and
60.25 Euro/MWh (France).
On the EEX Natural Gas Market, a total volume of 6,940,992 MWh was traded in December 2012. On the Spot Market, EEX achieved a new monthly record with a traded volume of 4,342,162 MWh (previous record in November 2011: 4,075,290 MWh). Compared to December 2011, the short-term traded volume rose by 21 per cent. Additionally, the highest day volume ever traded on the Natural Gas Spot Market was achieved on 28th December 2012, reaching a total of 471,556 MWh.
The Natural Gas Market volumes the can be broken down as follows:
Natural Gas | Dec 2012 Vol./MWh | Dec 2011 Vol./MWh |
Total trading volume | 6,940,992 | 6,601,583 |
Spot Market (market areas GASPOOL, NCG und TTF) | 4,342,162 | 3,581,415 |
Derivates Market (market areas GASPOOL and NCG)
thereof: OTC Clearing volumen
|
2,598,830
345,440
|
3,020,168
79,728
|
- The daily reference price on the Spot Market for Natural Gas ranged between 25.03 Euro/MWh and 28.93 Euro/MWh.
- For delivery in January, the reference price EGIX Germany was fixed at 27.66 Euro/MWh (EGIX GASPOOL: 27.63 Euro/MWh, EGIX NCG: 27.69 Euro/MWh).
The volumes traded in Emission Allowances were compiled as follows:
Emission Allowances | Dec 2012 Vol./tCO2 | Dec 2011 Vol./tCO2 |
Total trading volume | 42,201,500 | 2,574,000 |
EUA Spot Market
hereof: Primary Market Auctions
|
36,069,500
35,249,500
|
1,205,000
850,000
|
EUA Derivatives Market
thereof: Primary Market Auctions
|
6,097,000
0
|
1,358,000
0
|
CER Derivatives Market | 35,000 | 11,000 |
- In secondary trading, the daily settlement price on the EUA Phase II Spot Market ranged from EUR 4.87 per EUA to EUR 7.13 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2012) varied between EUR 5.73 per EUA and EUR 7.07 per EUA.
New participants
In December, EEX admitted Five Rings Capital, LLC, New York for trading in 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 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 AG (ECC). EEX is a member of Eurex Group.