In October 2014, the total volume in power derivatives on the European Energy Exchange (EEX) amounted to 154.4 TWh, which is an increase of 6 percent compared to the same month in the previous year (October 2013: 145.6 TWh) and the highest monthly volume in this market so far in 2014.
On the French Power Derivatives Market, the volume amounted to 11.8 TWh and, therefore, exceeded 10 TWh for the first time in more than five years (February 2009: 14.9 TWh). In the framework of its Trade Registration offering for Spanish Power Futures, EEX achieved a new record at 0.3 TWh. EEX has offered the registration of trades for clearing since March 2014. Furthermore, trading in Phelix Options amounted to 7.2 TWh which is the highest volume in this product in 2014 so far.
In October, 61.5 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 34.38 per MWh on 31 October 2014. The peak load price for 2015 in the Phelix Future product was quoted at EUR 42.93 per MWh.
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 41.5 million tonnes of CO2 was traded in October, compared with 86.6 million tonnes of CO2 in October 2013. During the month, Primary Market Auctions contributed 37.0 million tonnes of CO2 to the total volume.
In October, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 6.05 per EUA. On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2014) varied between EUR 5.68 per EUA and EUR 6.42 per EUA.
New Participants
In October, EEX admitted Banca Akros S.p.A., HMN Gashandel A/S, Klinkenberg Traders B.V., PKP Energetyka S.A and VSE AG as new participants. DufEnergy Trading SA additionally registered for trading on the Spot and Derivatives Market for Natural Gas. EHA Energie-Handels-Gesellschaft mbH & Co. KG as well as Hess Energy Power & Gas Company (UK) Ltd. were additionally admitted for trading of quality-specific gas products. The admission of HEP d.d. was extended to trading on the Derivatives Market for Power and Emission Rights. Lampiris France SAS was registered to additionally trade on the Spot Market for Natural Gas as well as on the Derivatives Market for Power. Vattenfall Energy Trading GmbH was additionally admitted on the Derivatives Market for Natural Gas. The admission of WSW Energie & Wasser AG was extended to trading on the Power Derivatives Market as well as on the Spot and Derivatives Market for Emission Rights.
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 (ECC). EEX is a member of Eurex Group.
Monthly Figures Report for October 2014
Power
|
|
October 2014 |
October 2013 |
|
Total trading volume |
154,366,777 |
145,591,045 |
|
Phelix Futures |
123,562,604 |
134,461,711 |
|
French Futures |
11,836,139 |
2,116,204 |
|
Italian Futures |
11,382,439 |
7,200 |
|
Dutch Futures |
10,920 |
0 |
|
Spanish Futures |
348,875 |
- |
|
Swiss Futures |
21,600 |
- |
|
Phelix Options |
7,204,200 |
9,013,130 |
Emission Allowances
|
Total trading volume |
41,528,000 |
86,599,500 |
|
EUA Spot Market - Secondary Market: |
35,763,000 |
75,889,500 |
|
EUAA Spot Market |
3,486,000 |
0 |
|
CER Spot Market |
160,000 |
0 |
|
EUA Derivatives Market |
2,109,000 |
10,710,000 |
|
CER Derivatives Market |
10,000 |
0 |
