In February 2013, the total volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 112.4 TWh, representing a 20 percent increase compared to February 2012. The Power Derivatives Market volume contained 41.5 TWh from OTC clearing.
The Power Derivatives Market Volumes can be broken down as follows:
|
Power |
Feb 2013 Vol./MWh |
Feb 2012 Vol./MWh |
|
Total trading volume |
112,444,068 |
93,935,688 |
|
Phelix Futures |
111,255,932 |
87,652,144 |
|
French Futures |
1,188,136 |
3,226,224 |
|
Phelix Options |
0 |
3,057,300 |
- The base load for 2014 on the Power Derivatives Market was quoted at 42.12 Euro/MWh (Germany) and 44.68 Euro/MWh (France) on 28 February 2013. The peak load for 2014 was determined at 52.14 Euro/MWh (Germany) and 56.75 Euro/MWh (France).
The total trading volume on the EPEX SPOT Power Spot Markets amounted to 26.8 TWh in February 2013.
New record in Natural Gas trading
On the EEX Natural Gas Market, a total volume of 8,003,136 MWh was traded in February 2013. That again is an increase on the Spot Market of 50 percent compared to February 2012. Furthermore, a new daily record was achieved on 22 February 2013, reaching a total of 553,833 MWh on the short term Natural Gas trading.
The Natural Gas Market volumes can be broken down as follows:
- The daily reference price on the Spot Market for Natural Gas ranged between 25.60 Euro/MWh and 27.47 Euro/MWh.
- For delivery in March, the reference price EGIX Germany was fixed at 25.97 Euro/MWh (EGIX GASPOOL: 25.97 Euro/MWh, EGIX NCG: 25.98 Euro/MWh).
|
Natural Gas |
Feb 2013 Vol./MWh |
Feb 2012 Vol./MWh |
|
Total trading volume |
8,003,136 |
8,886,546 |
|
Spot Market (market area GASPOOL, NCG and TTF) |
6,052,176 |
4,024,451 |
|
Derivatives Market (market areas GASPOOL and NCG)
thereof: OTC-Clearing-Volume |
1,950,960
0 |
4,862,095
165,615 |
Secondary Market for Emission Allowances continues to increase
On the EEX Market for Emission Allowances, a total volume of 66,275,000 tonnes of CO2 was traded in February, with a volume of 58,763,000 tonnes of CO2 derived from the primary market auctions. The Secondary Market continues to increase. On the Spot Market the traded volume was more than 3 times higher than the previous year. On the Derivatives Market the traded volume increased more than 4 times.
The volumes traded in Emission Allowances were compiled as follows:
|
Emission Allowances |
Feb 2013 Vol./tCO2 |
Feb 2012 Vol./tCO2 |
|
Total trading volume |
66,275,000 |
7,281,000 |
|
EUA Spot Market thereof: Primary Market Auctions thereof: Secondary Market |
59,612,000 58,763,000 849,000 |
2,438,000 2,200,000 238,000 |
|
CER Spot Market |
21,000 |
_ |
|
EUA Derivatives Market thereof: Primary Market Auctions thereof: Secondary Market |
6,642,000 0 6,642,000 |
4,783,000 3,225,000 1,558,000 |
|
CER Derivatives Market |
0 |
60,000 |
- In secondary trading, the daily settlement price on the EUA Phase II Spot Market ranged from EUR 3.27 per EUA to EUR 5.20 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2013) varied between EUR 4.19 per EUA and EUR 5.31 per EUA.
New participants
In February, EEX admitted Public Power Corporation S.A., Athens, as new trading participant for the Emissions Spot Market. Additionally, Youtrade S.p.A., Bergamo, was admitted for trading on the Natural Gas Spot Market.
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.
