PEGAS, the natural gas platform formed by cooperation between the European Energy Exchange (EEX) and Powernext, announced that a total volume of 15.6 TWh was traded on the platform and cleared by the European Commodity Clearing (ECC) in September 2013. In the framework of this cooperation, EEX and Powernext combine their natural gas market activities to create a pan-European gas market.
Spot Markets:
Overall, trading volumes on the Spot Markets amounted to 10.6 TWh in September 2013. The German spot markets (market areas GASPOOL and NCG) recorded a volume of 4.0 TWh and in the French spot markets (market areas PEG Nord, PEG Sud, PEG TIGF) the traded volume amounted to 4.1 TWh. The Dutch spot market recorded a volume of 2.5 TWh which represents the highest monthly volume since the launch of this market in May 2011.
Derivatives Markets:
In September 2013, trading volumes on the Derivatives Markets connected to PEGAS amounted to 5.0 TWh. The German Futures markets (market areas GASPOOL and NCG) recorded a volume of 2.0 TWh. In the French PEG Nord area, the traded volume amounted to 2.4 TWh while the TTF Futures market recorded a volume of 642 GWh in September.