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The monthly volume on EEX’s power derivatives market amounted to 416.3 terawatt hours (TWh) in April 2016 which is an increase of nearly 150% compared to April 2015 (167.1 TWh). Furthermore, this represents a new monthly record that significantly exceeds the previous record of 332.4 TWh traded in January 2016.
In this context, EEX recorded volume increases in all markets. In the German (266.8 TWh), French (60.6 TWh), Italian (54.1 TWh) and Spanish market (8.5 TWh), volumes increased to a new record level. Also in the options products for France (5.0 TWh), Italy (0.4 TWh) and Spain (0.3 TWh), EEX reached the highest volumes since the start of these products in August 2015.
The April volumes comprised 230.2 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 77.7 million tonnes of CO2 was traded in April, which means that the volume has increased by more than 50% compared to the previous year (April 2015: 51.2 million tonnes of CO2). Primary market auctions contributed 63.0 million tonnes of CO2 to the total volume.
Agricultural Products
In April, a total of 5,136 contracts was traded in agricultural products at EEX. This includes 3,423 contracts (equal to 85,575 tonnes) from European processing potatoes and 1,713 contracts (equal to 8,565 tonnes) from dairy products.
In the dairy segment, EEX achieved a new monthly record (previous record: 1,579 contracts in November 2015). Trading in Butter Futures contributed 1,065 contracts to the total volume which is also a new high. The previous record in butter futures amounted to 989 contracts and was achieved in February 2016.
Global Commodities
In April, freight futures were registered for clearing at EEX for the first time. The volume included 90 contracts of the product Capesize TC4 Time Charter.
New Participants
In April, EEX admitted Central European Power Opportunity Fund, L.P., Wilmington (USA), ED & F Man Capital Markets Limited, London, and Vendohm Ltd, London, as new trading participants. Furthermore, eight trading participants and two non-trading brokers were admitted for the EEX freight products.
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 of EEX 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
