New Records In French And Spanish Power Futures – Secondary Trading On The EUA Derivatives Market Increased Significantly

In April 2015, trading volumes on the Power Derivatives Market of the European Energy Exchange (EEX) amounted to 167.1 TWh. Compared to the same month in the previous year the volume increased by 54 percent (April 2014: 108.3 TWh). In this context, EEX reached new record volumes in trading for France (24.3 TWh) and Spain (1.4 TWh). The previous records of 21.0 TWh (France) and 1.1 TWh (Spain) date from March 2015.

The April volume comprised 96.7 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 32.02 per MWh on 30 April 2015. The peak load price for 2016 in the Phelix Future product was quoted at EUR 40.40 per MWh.

On the Derivatives Market for Guarantees of Origin (GoO), a volume of 20,000 GoOs was traded in April (April 2014: 2,000 GoOs).

Emission Allowances

On the EEX Market for Emission Allowances, a total volume of 51.2 million tonnes of CO2 was traded in April which is an increase of 58 percent compared to the previous year (April 2014: 32.3 million tonnes of CO2). In addition to the volumes from Primary Market Auctions (46.1 million tonnes of CO2), trading volumes on the secondary derivatives market for EUA increased significantly. At 3.6 million tonnes of CO2, the volume in this market was more than 25 times higher than in the previous year (April 2014: 0.1 million tonnes of CO2).

In April, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 7.07 per EUA. On the EUA Derivatives Market, the daily settlement price in the Dec-2015 contract varied between EUR 6.84 per EUA and EUR 7.49 per EUA.

New Participants

In April, EEX admitted EN.E.R. Trading S.p.A., Faenza (Italy), Grundgrün Energie GmbH, Berlin, Repower Italia, Milan, and Societatea Complexul Energetic Oltenia S.A., Targu Jiu, Gorj (Romania), as new trading participants. Furthermore, Freight Investor Services Limited, London, was recognised as new Non-Trading Broker.

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 April 2015

Power

Emission Allowances