In May 2013, the total volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 66.9 TWh compared to 68.8 TWh in May 2013. The Power Derivatives Market volume contained 29.4 TWh from OTC clearing.
The Power Derivatives Market volumes are broken down as follows:
|
Power |
May 2013 Vol. in MWh |
May 2012 Vol. in MWh |
|
Total trading volume |
66,906,358 |
68,622,629 |
|
Phelix Futures |
63,982,107 |
66,438,033 |
|
French Futures |
1,959,451 |
866,996 |
|
Phelix Options |
964,800 |
1,317,600 |
- The base load for 2014 on the Power Derivatives Market was quoted at EUR 38.75 per MWh (Germany) and EUR 42.48 per MWh (France) on 31 May 2013.
- The peak load for 2014 was determined at EUR 48.99 per MWh (Germany) and at EUR 56.50 per MWh (France).
The total trading volume on the EPEX SPOT Power Spot Market amounted to 29.5 TWh in May 2013.
Natural Gas Market increased by 53 percent
On the EEX Natural Gas Spot and Derivatives Market, a total volume of 6,682,920 MWh was traded in May. Compared to May 2012, this represented an increase of 53 percent. Once again, the Spot Market volumes increased significantly, with traded volume more than twice as high as in May 2012.
The Natural Gas Market volumes are broken down as follows:
|
Natural Gas |
May 2013 Vol. in MWh |
May 2012 Vol. in MWh |
|
Total trading volume |
6,682,920 |
4,375,006 |
|
Spot Market (GASPOOL, NCG and TTF market areas) |
4,976,040 |
2,378,366 |
|
Derivatives Market (GASPOOL and NCG market areas)
OTC clearing volume: |
1,706,880
0 |
1,996,640
79,680 |
- The daily reference price on the Spot Market for Natural Gas ranged between EUR 26.07 per MWh and EUR 27.61 per MWh.
- For delivery in May, the EGIX Germany reference price was quoted at EUR 26.77 per MWh (both EGIX GASPOOL and EGIX NCG at EUR 26.77 per MWh).
Volume in trading in Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 58,634,000 tonnes of CO2 was traded in May, with a volume of 58,182,000 tonnes of CO2 coming from the primary market auctions.
The volumes traded in Emission Allowances were as follows:
|
Emission Allowances |
May 2013 Vol. in tCO2 |
May 2012 Vol. in tCO2 |
|
Total trading volume |
58,634,000 |
16,761,000 |
|
EUA Spot Market Primary Market Auctions: Secondary Market: |
58,589,000 58,182,000 407,000 |
1,433,000 1,200,000 233,000 |
|
EUA Derivatives Market Primary Market Auctions: Secondary Market: |
45,000 0 45,000 |
15,043,000 3,225,000 11,818,000 |
|
CER Derivatives Market |
0 |
260,000 |
|
ERU Derivatives Market |
0 |
25,000 |
- In May, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 3.48 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2013) varied between EUR 3.09 per EUA and EUR 3.93 per EUA.
New participants
In May, EEX admitted SCANENERGI A/S, Ikast (Denmark), to trade on the Power Derivatives Market. In addition, EEX admitted Goldman Sachs International, London, 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.
