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PEGAS, the natural gas platform established by the European Energy Exchange (EEX) and Powernext, announced that a total volume of 27.8 TWh was traded on the platform and cleared by European Commodity Clearing (ECC) in November 2013. This represents an increase of 24 % in comparison to 22.5 TWh traded in October.
Spot Markets
Overall, trading volumes on the Spot Markets achieved their best month with 19.3 TWh in November 2013 (+27% compared with 15.2 TWh in October). The German spot markets (GASPOOL and NCG market areas) registered a volume of 8.6 TWh (+47 % compared to 5.8TWh in October 2013). The volume in the French spot markets (PEG Nord, PEG Sud, PEG TIGF market areas) amounted to 8.8 TWh which constitutes a new monthly record (previous record 7.7 TWh registered in October 2013). A new daily volume high of 1,160,280 MWh was registered on the PEG Spot markets on 8 November (previous record: 847,150 MWh on1 November). The Dutch TTF Spot Market achieved a monthly volume of 1.9 TWh. Furthermore, in November trades were concluded on all Spot spread products for the first time for a total volume of 3.8 TWh.
“On the Spot Market, we see a strong development in all market areas. Also our product innovations are well received by the market. For example, in quality-specific gas products, EEX recorded a volume which was more than 4-fold the volume of the previous month”, commented Peter Reitz, CEO of EEX. The volume traded in German quality-specific gas products in November amounted to 784,233 MWh compared with 178,905 MWh in October.
Derivatives Markets
In November 2013, trading volumes on the PEGAS Derivatives Markets amounted to 8.5 TWh (+16 % compared to 7.3 TWh traded in October). The German Futures markets (GASPOOL and NCG market areas) recorded a volume of 3.9 TWh. In the French market areas, a total of2.1 TWh was traded on PEG Nord and PEG Sud Futures. With 2.5 TWh traded in November, a new monthly record was reached on the TTF Futures market (previous record: 1.6 TWh in October 2013).
“The new PEG Sud Futures market has been able to introduce necessary transparency in a tense physical situation. The development of the Futures on the TTF, NCG and GASPOOL hubs has been significant and we see huge potential on all Derivatives markets”, said Jean-François Conil-Lacoste, CEO of Powernext.
Starting on 28 November, new 1 MW products are available for trading on PEGAS for all EEX and Powernext markets. The smooth transfer of EEX’s 1 MW contracts onto PEGAS on 28 November ends the migration process for all EEX products.Details on the natural gas volumes and prices are available in the enclosed monthly report.
