In March 2015, trading volumes on the Power Derivatives Market of the European Energy Exchange (EEX) amounted to 223.6 TWh. Compared to the same month in the previous year the volume increased by 69 percent (March 2014: 132.0 TWh).
New monthly records were achieved in a number of market areas: In French (21.0 TWh) and Italian (34.6 TWh) Power Futures, EEX reached the highest volumes so far. Volumes in Greek Power Futures which EEX introduced in December 2014 increased to the highest value since the launch of this market with 36,000 MWh traded. On the Spanish Power Derivatives Market, EEX reached a new monthly record at 1.1 TWh. EEX has offered Trade Registration for Spain in March 2014 and, in February 2015, also launched exchange trading for this market.
The March volume comprised 121.3 TWh 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 2016 in the Phelix Future product (market area Germany/Austria) was quoted at EUR 32.15 per MWh on 31 March 2015. The peak load price for 2016 in the Phelix Future product was quoted at EUR 40.67 per MWh.
On the Derivatives Market for Guarantees of Origin (GoO), a volume of 20,000 GoOs was traded in March (March 2014: 0 GoOs).
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 59.8 million tonnes of CO2 was traded in March compared with 72.0 million tonnes of CO2 in March 2014. During the month, Primary Market Auctions contributed 58.4 million tonnes of CO2 to the total volume.
In March, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 6.74 per EUA. On the EUA Derivatives Market, the daily settlement price in the Dec-2015 contract varied between EUR 6.44 per EUA and EUR 7.09 per EUA.
New Participants
In March, EEX admitted Edelweiss Energia S.p.A., Sarnico (Italy), Northpool B.V., Bennekom (Netherlands), NVALUE SA, Agra (Switzerland), and Repower AG, Poschiavo (Switzerland), as new trading participants. On the CO2 market, DONG Naturgas A/S, Fredericia (Denmark), was admitted for the EUA auctions on the primary market and SCANENERGI A/S, Ikast (Denmark), on the Derivatives Market. Factor Co2 Integral Trading Services SA, Bilbao (Spain), was admitted for the Primary Market Auctions as well as on the CO2 Derivatives Market. The membership of Citigroup Global Market Limited, London, and Cross Options Int. IV BV, Amsterdam, was extended with Nordic Power Futures.
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 commodities 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 of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC).
Monthly Figures Report for March 2015
Power
|
March 2015 |
March 2014 |
Total trading volume |
223,618,404 |
131,954,897 |
Phelix Futures |
164,470,928 |
120,766,328 |
French Futures |
21,029,072 |
2,939,735 |
Italian Futures |
34,597,834 |
5,113,289 |
Dutch Futures |
113,940 |
34,025 |
Spanish Futures |
1,105,635 |
14,640 |
Swiss Futures |
244,195 |
- |
Greek Futures |
36,000 |
- |
Phelix Options |
2,020,800 |
3,086,880 |
Emission Allowances
Total trading volume |
59,834,500 |
71,975,500 |
EUA Spot Market - Secondary Market: |
57,524,000 |
57,559,500 |
EUAA Spot Market (Primary Market Auctions) |
1,927,500 |
0 |
CER Spot Market |
0 |
115,000 |
EUA Derivatives Market |
383,000 |
14,301,000 |