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In November 2013, the total volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 103.6 TWh which is an increase of 12 percent compared to the previous year. The overall volume included 45.7 TWh from Trade Registrations, the registration of trades for clearing.
Furthermore, Power Futures for the Netherlands were traded at EEX for the first time in November.
The Power Derivatives Market volumes are broken down as follows:
| Power | Nov 2013 - Vol. in MWh | Nov 2012 - Vol. in MWh |
| Total trading volume | 103,638,818 | 92,893,798 |
| Phelix Futures | 99,273,454 | 82,715,716 |
| French Futures | 2,357,962 | 2,392,582 |
| Dutch Futures | 87,600 | - |
| Phelix Options | 1,919,802 |
7,785,500 |
- The base load for 2014 on the Power Derivatives Market was quoted at EUR 36.84 per MWh (Germany) and EUR 42.53 per MWh (France) on 29 November 2013.
- The peak load for 2014 was quoted at EUR 48.05 per MWh (Germany) and EUR 55.75 per MWh (France).
In November, the interest in the Trade Registration Service for further European energy products grew. In total, 289,315 MWh have been registered for clearing via European Commodity Clearing (ECC). Of this volume, 7,440 MWh have been registered in Romanian Power Futures and 281,875 MWh have been registered in Italian Power Futures.
Furthermore, 160,000 Guarantees of Origin have been traded in the Nordic Hydro product in November. This constitutes the highest volume since its launch in June 2013 – more than double the previous record (65,000 Guarantees of Origin in September).
Emission Allowances – New Liquidity Provider
On the EEX Market for Emission Allowances, a total volume of 82.3 million tonnes of CO2 was traded in November compared with 62.3 million tonnes of CO2 in November 2012. In November, the Primary Market Auctions contributed 76.3 million tonnes of CO2 to the total volume. In November, EEX welcomed Polska Grupa Energetyczna S.A. (PGE) as a new Liquidity Provider on the EUA Secondary Spot Market.
The volumes traded in Emission Allowances were as follows:
| Emission Allowances |
Nov 2013 - Vol. in tCO2 |
Nov 2012 - Vol. in tCO2 |
| Total trading volume | 82,279,000 | 62,301,000 |
|
EUA Spot Market |
77,621,000 | 47,649,000 |
| Primary Market Auctions: | 76,261,000 | 44,862,000 |
| Secondary Market: | 1,360,000 | 2,787,000 |
| EUA Derivatives Market | 4,658,000 | 14,448,000 |
| CER Derivatives Market | 0 | 204,000 |
- In November, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 4.53 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2013) varied between EUR 4.33 per EUA and EUR 4.80 per EUA.
New participants
In November, EEX admitted CF Partners (UK) LLP, biw Bank für Investments und Wertpapiere AG, PGE Polska Grupa Energetyczna S.A. and Clean Energy Trading Limited as new participants. Furthermore, Gala S.p.A. has been admitted on the spot market for natural gas, Global Prime Partners has been admitted on the derivatives market for power and coal and Gnera Energia y Tecnologia S.L. has been admitted on the spot market for emission allowances.
