EEX Trading Results In September – Record Volumes In Power And Emissions Trading - All-Time Volume Record On The Power Derivatives Market – More Than 100 Tonnes Of CO2 Traded For The First Time

In September 2013, the European Energy Exchange (EEX) reached new volume records on its trading markets. On the Power Derivatives Market, a total of 177.9 Terawatthours (TWh) was traded which is an all-time monthly volume record and more than double the volume from the previous year (September 2012: 67.7 TWh). The previous volume record in this market was recorded at 162.7 TWh traded in March 2011. On the market for Phelix Futures, which is the EEX benchmark product for European power trading, the Open Interest exceeded the 600 TWh mark in September for the first time. The overall volume included 83.2 TWh from Trade Registrations, the registration of trades for clearing.

The Power Derivatives Market volumes are broken down as follows:

Power	Sep 2013 Vol. in MWh	Sep 2012 Vol. in MWh
Total trading volume	177,867,019	67,740,376
Phelix Futures	170,410,054	63,384,257
French Futures	1,970,645	1,244,069
Phelix Options	5,486,320	3,112,050

The base load for 2014 on the Power Derivatives Market was quoted at EU 38.29 per MWh (Germany) and EUR 42.77 per MWh (France) on 30 September 2013.
The peak load for 2014 was quoted at EUR 49.41 per MWh (Germany) and EUR 56.93 per MWh (France).

The total trading volume on the EPEX SPOT Power Spot Market amounted to 26.0 TWh in September 2013.

On the EEX Derivatives Market for Guarantees of Origin, a volume of 65,000 guarantees of origin was traded in the Nordic Hydro product. This constitutes the highest monthly volume so far since the launch of this market in June 2013.

Emission Allowances: New volume record

In September, EEX also reached record results in emissions trading. The volumes in this market segment exceeded 100 million tonnes of CO2 for the first time. The total volume in September amounted to 108.3 million tonnes of CO2 compared with 18.6 million tonnes of CO2 in September 2012. This volume includes 72.1 million tonnes of CO2 from the primary market auctions, which EEX has conducted in September on behalf of Poland for the first time. At 36.3 million tonnes of CO2, EEX reached a new volume record on the secondary market (previous record: 32.3 million tonnes of CO2 in August 2013).

The volumes traded in Emission Allowances were as follows:

Emission Allowances	Sep 2013 Vol. in tCO2	Sep 2012 Vol. in tCO2
Total trading volume	108,336,500	18,588,000
EUA Spot Market Primary Market Auctions: Secondary Market:	83,592,500 72,062,500 11,530,000	1,430,000 1,200,000 230,000
CER Spot Market	241,000	-
EUA Derivatives Market Primary Market Auctions: Secondary Market:	24,503,000 0 24,503,000	17,098,000 7,400,000 9,698,000
CER Derivatives Market	0	60,000

In September, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 5.19 per EUA.
On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2013) varied between EUR 4.42 per EUA and EUR 5.67 per EUA.

New participants

In September, EEX admitted A&B Ausgleichsenergie & Bilanzgruppen-Management AG as new trading participant on the Natural Gas Spot Market. In addition, KWG Kraftwerksgesellschaft Staßfurt mbH and Axpo Deutschland GmbH were admitted for trading on the Derivatives Market for Power and Natural Gas. Tradition Dubai Ltd. was admitted on the Derivatives Market for Coal.

The natural gas volumes and prices will be published in a separate PEGAS release and on the following website www.pegas-trading.com.