In July 2013, the total volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 84.7 TWh compared to 59.7 TWh in July 2012. This represents an increase of 42 percent compared to the previous year. The Power Derivatives Market volume contained 36.4 TWh from OTC clearing.
The Power Derivatives Market volumes are broken down as follows:
|
Power |
July 2013 - Vol. in MWh |
July 2012 - Vol. in MWh |
|
Total trading volume |
84,713,707 |
59,706,423 |
|
Phelix Futures |
77,457,860 |
56,828,067 |
|
French Futures |
1,743,295 |
1,026,756 |
|
Phelix Options |
5,512,552 |
1,851,600 |
- The base load for 2014 on the Power Derivatives Market was quoted at 36.61 EUR per MWh (Germany) and 41.85 EUR per MWh (France) on 31 July 2013.
- The peak load for 2014 was determined at 46.99 EUR per MWh (Germany) and at 55.88 EUR per MWh (France).
The total trading volume on the EPEX SPOT Power Spot Market amounted to 29.8 TWh in July 2013.
On the EEX Derivatives Market for Guarantees of Origin which was launched on 6 June, trades were concluded on two out of four trading days. The trading volume in July amounted to 30,000 Guarantees of Origin in the Nordic Hydro product which is double the volume of the previous month.
Emission Allowances: Secondary market increased by 86 percent
On the EEX Markets for Emission Allowances, a total volume of 73,923,000 tonnes of CO2 was traded in July, with a volume of 64,541,000 tonnes of CO2 coming from the primary market auctions. At 9,382,000 t CO2, volumes on the secondary market increased by 86 percent compared to the previous year (5,035,000 t CO2).
The volumes traded in Emission Allowances were as follows:
|
Emission Allowances |
July 2013 - Vol. in tCO2 |
July 2012 -Vol. in tCO2 |
|
Total trading volume |
73,923,000 |
21,185,000 |
|
EUA Spot Market Primary Market Auctions: Secondary Market: |
64,750,000 64,541,000 209,000 |
1,809,000 1,500,000 309,000 |
|
EUA Derivatives Market Primary Market Auctions: Secondary Market
|
9,173,000 0 9,173,000 |
19,238,000 14,650,000 4,588,000 |
|
CER Derivatives Market |
0 |
138,000 |
- In July, the monthly average of the ECarbix (European Carbon Index) amounted to 4.21 EUR per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2013) varied between 4.04 EUR per EUA and 4.68 EUR per EUA.
New participants
In July, EEX admitted Axpo Deutschland GmbH, eustream, a.s., GAZ-SYSTEM S.A., Global Prime Partners Ltd., Göteborg Energi AB, Mitsui & Co. Commodity Risk Management Limited, SE Energy Trading GmbH and Solvay Energy Services as new trading participants.
As of now, the natural gas volumes will be published in a separate PEGAS release which will be available also on the website www.pegas-trading.com.
