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In May 2014, the total volume in power derivatives on the European Energy Exchange (EEX) amounted to 73.6 TWh which is an increase of 10 percent compared to the same month of the previous year (May 2013: 66.9 TWh).
In May, 37.0 TWh were registered at EEX for clearing. Clearing and settlement of the transactions was executed by European Commodity Clearing (ECC). In May, Futures for delivery in Belgium were registered at EEX for the first time. Both trading in French Futures (4.2 TWh) as well as in Phelix Options (3.7 TWh) reached the highest volume in 2014 so far.
The Power Derivatives Market volumes are broken down as follows:
|
Power |
May 2014 |
May 2013 |
|
Total trading volume |
73,641,922 |
66,906,358 |
|
Phelix Futures |
59,671,324 |
63,982,107 |
|
French Futures |
4,240,340 |
1,959,451 |
|
Italian Futures |
5,760,648 |
- |
|
Dutch Futures |
61,445 |
- |
|
Belgian Futures |
11,045 |
- |
|
Swiss Futures (Trade Registration) |
7,200 |
- |
|
Spanish Futures (Trade Registration) |
159,960 |
- |
|
Phelix Options |
3,729,960 |
964,800 |
- The base load price for the year 2015 in the product Phelix Future (market area Germany/Austria) was quoted at EUR 34.40 per MWh on 30 May 2014.
- The peak load price for 2015 in the product Phelix Future was quoted at EUR 43.34 per MWh.
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 34.9 million tonnes of CO2 was traded in May compared with 58.6 million tonnes of CO2 in May 2013. During the month, Primary Market Auctions contributed 32.5 million tonnes of CO2to the total volume.
The volumes traded in Emission Allowances were as follows:
|
Total trading volume |
34,930,500 |
58,634,000 |
|
EUA Spot Market |
34,369,500 |
58,589,000 |
|
CER Spot Market |
411,000 |
0 |
|
EUA Derivatives Market |
150,000 |
45,000 |
- In May, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 5.11 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2014) varied between EUR 4.75 per EUA and EUR 5.36 per EUA.
Coal
On 21 May, EEX launched its new coal initiative. By the end of the month, 120,000 tonnes of coal were registered in the futures products for Amsterdam-Rotterdam-Antwerp (ARA) and Richards Bay (RB).
New Participants
In May, EEX admitted Atlantic Cobalt S.L. and Infracor GmbH as new participants. Furthermore, ENOI S.p.A., KoM-SOLUTION GmbH and BP Gas Marketing Limited were admitted to trading of quality-specific gas products. Mitsui & Co. Commodity Limited was admitted to the Spot and Derivatives Market for Emission Rights.
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 related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. In the context of its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilizer. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.
