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In June 2014, the total volume in power derivatives on the European Energy Exchange (EEX) amounted to 99.9 TWh which is an increase of 9 percent compared to the same month of the previous year (June 2013: 91.8 TWh).
At 9.6 TWh, EEX reached the highest monthly volume so far in Italian Power Futures. This volume comprises 1.4 TWh from exchange trading and 8.2 TWh from Trade Registration. The previous record was at 7.4 TWh in April 2014 when order book trading for this market was launched.
On the French Power Derivatives Market, the volume doubled to 4.1 TWh compared to the previous year (June 2013: 2.0 TWh).
In June, 49.3 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 34.52 per MWh on 30 June 2014. The peak load price for 2015 in the product Phelix Future was quoted at EUR 43.38 per MWh.
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 33.9 million tonnes of CO2 was traded in June compared with 59.6 million tonnes of CO2 in June 2013. During the month, Primary Market Auctions contributed 31.9 million tonnes of CO2 to the total volume.
In June, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 5.55 per EUA. On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2014) varied between EUR 5.20 per EUA and EUR 5.86 per EUA.
Coal
During the month, 45,000 tonnes of coal were registered in futures products for Amsterdam-Rotterdam-Antwerp (ARA) and Richards Bay (RB).
New Participants
In June, EEX admitted Ekologické Zdroje Energie s.r.o., Olomouc/Czech Republic, as the 250th member of the exchange. Furthermore, Agder Energi Vannkraft AS, Kristiansand/Norway, Banco Santander S.A., Santander, DufEnergy Trading SA, Lugano, and EP ENERGY TRADING, a.s., Prague, were admitted as new trading participants.
With effect from 23 June 2014, EEX acknowledged OTCex SA, Paris, as the first Non-Trading Broker on the EEX Derivatives Markets for Power, Natural Gas, Emissions and Coal. As a Non-Trading Broker, the company is entitled to enter Trade Registration transactions on behalf and in the name of EEX participants in the trading system, without himself being admitted as an exchange participant.
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 AG (ECC). EEX is a member of Eurex Group.
Monthly Figures Report for June 2014
Power
|
|
June 2014 |
June 2013 |
|
Total trading volume |
99,921,637 |
91,792,130 |
|
Phelix Futures |
83,328,486 |
85,511,744 |
|
French Futures |
4,099,534 |
2,021,086 |
|
Italian Futures |
9,617,872 |
- |
|
Dutch Futures |
91,625 |
- |
|
Belgian Futures |
11,040 |
- |
|
Spanish Futures (Trade Registration) |
101,280 |
- |
|
Phelix Options |
2,671,800 |
4,259,300 |
Emission Allowances
|
Total trading volume |
33,932,000 |
59,619,000 |
|
EUA Spot Market - Secondary Market: |
33,531,000 |
57,890,000 |
|
CER Spot Market |
290,000 |
275,000 |
|
EUA Derivatives Market |
111,000 |
1,454,000 |
