In February 2014, the total volume in power derivatives on the European Energy Exchange (EEX) amounted to 102.1 TWh (February 2013: 112.4 TWh).
In February, 38.6 TWh have been registered at EEX for trading via European Commodity Clearing (ECC). This included 2.0 TWh for Italian Power Futures which is the highest volume since the launch of this product and more than double the previous record of 0.8 TWh registered in December 2013. Furthermore, in February, Swiss Power Futures were registered at EEX for the first time.
The Power Derivatives Market volumes are broken down as follows:
Power | Feb 2014 Vol. in MWh |
Feb 2013 Vol. in MWh |
Total trading volume | 102,105,571 | 112,444,068 |
Phelix Futures | 95,995,410 | 111,255,932 |
French Futures | 2,440,396 | 1,188,136 |
Dutch Futures | 116,160 | - |
Italian Futures (Trade Registration) | 1,952,805 | - |
Swiss Futures (Trade Registration) | 11,040 | - |
Phelix Options | 1,589,760 | 0 |
Guarantees of Origin | Feb 2014 Vol. in MWh |
Feb 2013 Vol. in MWh |
Total trading volume | 20,000 | - |
- The base load price for the year 2015 in the product Phelix Future (market area Germany/Austria) was quoted at EUR 36.05 per MWh on 28 February 2014.
- The peak load price for 2015 in the product Phelix Future was quoted at EUR 46.21 per MWh.
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 76.9 million tonnes of CO2 was traded in February compared with 66.3 million tonnes of CO2 in February 2013. This represents an increase of 16 percent. In February, the Primary Market Auctions contributed 71.1 million tonnes of CO2 to the total volume. In February, more than 4 times the volume of the previous year was traded on the Secondary Spot Market.
The volumes traded in Emission Allowances were as follows:
Emission Allowances | Feb 2014 Vol. in tCO2 |
Feb 2013 Vol. in tCO2 |
Total trading volume | 76,892,000 | 66,275,000 |
EUA Spot Market - Primary Market Auctions: - Secondary Market: |
74,629,000 71,067,000 3,562,000 |
59,612,000 58,763,000 849,000 |
CER Spot Market | 0 | 21,000 |
EUA Derivatives Market | 2,263,000 | 6,642,000 |
- In February, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 6.45 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2014) varied between EUR 4.59 per EUA and EUR 7.21 per EUA.
New Participants
In February, EEX admitted Axpo Italia S.P.A., Genua, Green Network Trading UK plc, Eastleigh (Great Britain), Greenex s.r.o., Prague, and rhenag Rheinische Energie Aktiengesellschaft, Cologne, as new trading participants. Furthermore, Compagnie Nationale du Rhône, Lyon Cedex, and Greenstream Network Plc, Helsinki, were admitted to trading of guarantees of origin.
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. These asset classes will be diversified through Cleartrade Exchange (CLTX), which is part of EEX Group since December 2013. 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.