EEX Turns Over 1.6 Twh In Integrated Spot And Futures Market In May - Record Turnover In Spot Market - New Trading Participant

EEX European Energy Exchange reported its turnover figures for the month of May on Friday, showing that 1.64 terawatt hours (TWh) of electricity were traded on the integrated spot and futures market. EEX is thus continuing to expand its position as the largest and most liquid electricity exchange in Continental Europe. A record volume of 1.04 TWh was posted in the spot market in May, roughly 600.000 MWh were traded in the futures market.

The spot market turnover in May beat the previous record set in April (784,245 MWh) by about 33 percent and was more than 300 percent higher than the volume of 280,000 MWh posted for the starting month of August last year. The May total of 1.04 TWh comprises 129,113 MWh traded in single hours and 913,824 MWh in blocks, 600,960 MWh in baseload blocks and 312,864 MWh in peakload blocks.

On the EEX futures market, roughly 597,948 MWh were traded in May, bringing the total volume traded since the futures market was launched in March up to 2.79 TWh.

On Thursday, EEX also announced that Petro Carbo Chem Gmbh, a Duisburg company, had been admitted as a new participant for the spot market. This means than there are now 51 participants from seven countries trading on the integrated spot and futures market. A total of 10 banks provide clearing services for EEX.