In September 2014, the total volume in power derivatives on the European Energy Exchange (EEX) amounted to 154.3 TWh. This represents the highest volume that has been traded on this market so far in 2014.
The French Power Futures volume increased by 265 percent to 7.3 TWh compared to the previous year (September 2013: 2.0 TWh). This represents the highest monthly volume that has been traded and registered for clearing at EEX since the launch of this product. The volume in Italian Power Futures increased by 49 percent to 12.7 TWh compared to the previous month (August 2014: 8.5 TWh).
In September, 71.7 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 34.72 per MWh on 30 September 2014. The peak load price for 2015 in the Phelix Future product was quoted at EUR 43.58 per MWh.
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 44.9 million tonnes of CO2 was traded in September, compared with 108.3 million tonnes of CO2 in September 2013. During the month, Primary Market Auctions contributed 37.3 million tonnes of CO2 to the total volume. In September, the first Primary Market Auction for EU Aviation Allowances (EUAA) in 2014 was conducted by EEX with a volume of 1.64 million tonnes of CO2.
In September, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 5.99 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.
Guarantees of Origin
During the month, 10,000 GoOs have been traded on the EEX Derivatives Market in the Nordic Hydro product (September 2013: 65,000 GoOs).
New Participants
In September, EEX admitted GASPOOL Balancing Services GmbH and Société Générale S.A. to trading on the Spot Market for Natural Gas in the TTF market area. The membership of BELEKTRON d.o.o. was extended with EUA Auctions on the Spot Market for Emission Allowances. BKW Energie AG was additionally admitted to trading of French Financial Power Futures on the Power Derivatives Market.
Details on the volumes are available in the monthly report below.
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 September 2014
Power
|
|
September 2014 Vol. in MWh
|
September 2013 Vol. in MWh
|
|
Total trading volume |
154,260,536 |
177,867,019 |
|
Phelix Futures |
133,165,765 |
170,410,054 |
|
French Futures |
7,318,397 |
1,970,645 |
|
Italian Futures |
12,708,494 |
- |
|
Dutch Futures |
74,705 |
0 |
|
Spanish Futures (Trade Registration) |
183,655 |
- |
|
Phelix Options |
809,520 |
5,486,320 |
Emission Allowances
|
|
September 2014 Vol./tCO2
|
September 2013 Vol./tCO2
|
|
Total trading volume |
44,939,000 |
108,336,500 |
|
EUA Spot Market - Primary Market Auctions: - Secondary Market: |
36,862,000 35,630,000 1,232,000 |
83,592,500 72,062,500 11,530,000 |
|
EUAA Spot Market - Primary Market Auctions: - Secondary Market: |
1,643,000 1,643,000 0 |
0 0 0 |
|
CER Spot Market |
475,000 |
241,000 |
|
EUA Derivatives Market |
5,959,000 |
24,503,000 |
