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EEX Trading Results Of July 2015 – Strong Growth In French And Italian Power Derivatives

Date 03/08/2015

In July 2015, trading volumes on the Power Derivatives Market of the European Energy Exchange (EEX) amounted to 172.9 TWh. Compared to the same month in the previous year, the volume increased by 16 % (July 2014: 148.6 TWh). In particular, the growth in French (+ 282 %) and Italian Power Futures (+ 131 %) contributed to this result. Trading volumes in Spanish Power Futures (+ 621 %) have also seen strong growth in comparison to last year’s figures.

The July volumes comprised 92.8 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).

Emission Allowances

On the EEX Market for emission allowances, a total volume of 64.9 million tonnes of CO2 was traded in July, which is an increase of 63 % compared to the previous year (July 2014: 39.8 million tonnes of CO2). In July, primary market auctions contributed 57.7 million tonnes of CO2 to the total volume. In addition to the increased volumes from emissions auctions, volumes on the secondary markets also picked up. In the EUA Derivatives Market, volumes more than doubled in comparison to the same period last year.

Agricultural Products

In July, 8,177 contracts were traded in agricultural products at EEX. This includes 7,677 contracts (equal to 191,925 tonnes) traded in processing potatoes, 488 contracts (equal to 2,440 tonnes) from dairy and 12 contracts (equal to 96 tonnes) in meat & livestock.

New Participants

In July 2015, EEX admitted EDP - Energias de Portugal S.A, Lisbon, Energetic Source S.p.A., Milan, Met International AG, Zug (Germany), PERSPEKTIVA d.d., Ljubljana as well as Youtrade Energy Commodities S.A., Lugano (Switzerland), as new trading participants. Futhermore, the admission of OET - United Energy Traders Ltd., Sofia, and TEI Deutschland GmbH, Karlsruhe, was extended to French Power Futures. The membership of Iberdrola Generación S.A.U., Bilbao, and Noble Clean Fuels Ltd., London, was extended with Swiss Power Futures. Gnera Energía y Tecnología S.L., Madrid, was additionally admitted on the EUA Derivatives Market.

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 commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part ofEEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is part of Deutsche Börse Group. For more information: www.eex.com

EEX – Monthly Figures Report for July 2015

Volumes

Power Derivatives Market

Monthly volume

 

MWh

Monthly volume – previous year

MWh

Total

172,946,488

148,572,964

Phelix Futures

117,162,611

126,771,339

French Futures

19,944,106

5,221,652

Italian Futures

30,689,391

13,258,473

Spanish Futures

1,520,386

210,960

Further markets

167,594

142,680

Options on Phelix Futures

3,462,400

2,967,860

CO2 Emissions Market

Monthly volume


tonnes of CO2

Monthly volume – previous year

tonnes of CO2

Total

64,911,000

39,758,000

EUA Spot Market
- thereof: Primary Market Auctions
- thereof: Secondary Market

59,690,000
56,778,000
2,912,000

37,724,000
35,630,000
2,094,000

EUAA Spot Market
(Primary Market Auctions)

935,000

0

CER Spot Market

0

390,000

EUA Derivatives Market

4,286,000

1,644,000

Agricultural Products

Monthly volume

 

Number of contracts

Monthly volume
– previous year

Number of contracts

Total

8,177

-

Processing Potatoes

7,677

-

Dairy Products

488

-

Livestock & Meat

12

-

Prices and Indices

 

July 2015

Phelix Futures – Settlement Price for base load contract

with delivery in 2016 (in €/MWh)

31.50

Phelix Futures – Settlement Price for peak load contract

with delivery in 2016 (in €/MWh)

39.67

E-Carbix (in €/EUA)

7.71

Settlement Price on EUA Derivatives Market

in Dec 2015 contract (min, / max,) in €/EUA

7.380 / 8.090