In October 2012, the total trading volume on the European Energy Exchange (EEX) Natural Gas Market amounted to 8,714,420 MWh, double the volume in comparison to October 2011.
The Spot Market volume grew by 42 percent and on the Derivatives Market, EEX saw an increase of 179 percent.
The Natural Gas volumes can be broken down as follows:
| Natural Gas | Oct 2012 Vol./MWh |
Oct 2011 Vol./MWh |
| Total trading volume | 8,714,420 | 4,359,987 |
| Spot Market (market areas GASPOOL, NCG and TTF) |
3,606,540 | 2,531,497 |
| Derivatives Market (market areas GASPOOL and NCG) thereof: OTC Clearing volume |
5,107,880 0 |
1,828,040 273.120 |
- The daily reference price on the Spot Market for Natural Gas ranged between 24.70 Euro/MWh and 28.46 Euro/MWh.
- The European Gas Index (EGIX), published by EEX, displays the current market price for natural gas deliveries in the following month. For November delivery, the EGIX Germany reference price was fixed at 26.98 Euro/MWh (EGIX GASPOOL: 26.94 Euro/MWh, EGIX NCG: 26.98 Euro/MWh).
For Emission Allowances, a total volume of 19,221,000 tonnes of CO2 was traded in October. Compared to the same month of last year, the volume more than doubled. At the end of October, EEX started the “Early Auctions” of the Emission Allowances for the third trading period on behalf of Germany. In this framework, EEX conducted the first auction of EU Aviation Allowances (EUAA) on 31 October, becoming the first exchange ever to do so.
The volumes traded in Emission Allowances were composed as follows:
| Emission Allowances | Oct 2012 Vol./tCO2 |
Oct 2011 Vol./tCO2 |
| Total trading volume | 19,221,000 | 7,169,000 |
| EUA Spot Market thereof: Primary Market Auctions |
5,768,000 5,500,000 |
3,537,000 3,200,000 |
| EUAA Spot Market thereof: Primary Market Auctions |
2,500,000 2,500,000 |
- |
| EUA Derivatives Market thereof: Primary Market Auctions |
10,928,000 3,400,000 |
3,632,000 2,280,000 |
| CER Derivatives Market | 25,000 |
10,00 |
- In secondary trading, the daily settlement price on the EUA Spot Market ranged from EUR 7.17 per EUA to EUR 8.24 per EUA.
- On the EUA Derivatives Market the daily settlement price in the front year contract (Dec-2012) varied between EUR 7.65 per EUA and EUR 8.29 per EUA.
New participants
In October, EEX admitted Danske Commodities A/S, Merrill Lynch Commodities (Europe) Limited, Total Gas & Power Limited and Vitol S.A., for trading in Emission Allowances. In addition to this, Braunschweiger Versorgungs-AG & Co. KG has been admitted as a trading participant on the EEX Derivatives 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 AG (ECC). EEX is a member of Eurex Group.
