EEX Group reports significant trading volume growth in the first half of 2025 across its major asset classes, reaching the highest ever first half-yearly volumes on the EEX power and gas derivatives, as well as the gas spot markets.
Over the first six months of the year the Group’s global power markets have seen a 16% increase year-on-year, reaching close to 7,000 TWh; while volumes on the natural gas markets showed a strong 26% growth compared to the previous year’s first half, with a total of 4,564.2 TWh. Highlights from the other EEX Group markets include the 25% year-on-year volume expansion on the global freight markets, as well as the 49% growth at trading in North American environmental contracts.
Peter Reitz, CEO of EEX, comments: “2025 so far has seen further strong growth in terms of volumes on our global power and natural gas markets, continuing the trend of the previous years. It’s promising to see such strong trading levels on our markets and we are confident that this can continue until the end of the year and beyond.”
Strong growth across power markets
The EEX Group Global Power market volume (6,998.5 TWh) comprises significant increases on both the spot and derivatives markets in the first half of the year. European Power Spot trading reached 456.4 TWh (+7% YoY), while the European Power Derivatives markets registered a strong growth, resulting in the record level of 4,855.9 TWh (+23% YoY).
At a six-months level, the European markets with the biggest volume expansion year-on-year included the Hungarian (45%) and other CSEE (87%) power derivatives markets, in addition to Belgian power futures (51%).
In June alone, the Belgian market also showed a significant growth at monthly volumes with a 151% increase year-on-year, followed by the Spanish power futures market volume growth of 91%. In addition, the French power derivatives market reported a record monthly traded volume with 145.2 TWh in the last month of the first half year.
Overall trading volumes on the EEX Japanese Power Derivatives market continued the triple-digit growth and the total traded volume over the first half year of 2025 (73.6 TWh) surpassed that of the full year of 2024 (72.9 TWh). This top volume derives both from futures and options trading, which latter was only introduced in February this year. As a significant next step for the development of this market, EEX launched order book trading in April, driving further trading activity.
Natural gas markets on a growth path
Natural gas trading at EEX Group has increased significantly both on a monthly basis in June as well as on a six-months level.
Over the first half of the year, the total global gas market growth included increased volumes both on the EEX European Natural Gas Spot (1,783.6 TWh, 24% YoY) and Derivatives (2,606.9 TWh, 26% YoY) markets, in addition to a 56% growth on the North American Natural Gas market. The most significant growth in this timeframe was seen on the Spanish PVB spot market (116%) and the Belgian ZTP derivatives market (92%).
In the month of June, the EEX Global Natural Gas markets reported a record traded volume of 914.1 TWh, driven by individual record levels on both the German THE (166% YoY) and Dutch TTF (66%) derivatives markets.
Positive developments on further EEX Group markets
In H1 2025, the North American environmental markets, run by Nodal Exchange, have also experienced a significant increase in terms of volumes year-on-year, with an overall 49% growth across futures and options. Trading in these options was especially noteworthy in June (+1,153%), when comparing to the previous year’s same month.
In addition, during the first half year, a volume of 11.0 TWh was traded in GO Futures, surpassing 15 TWh since launch.
The EEX Global Freight markets also registered an overall 25% year-on-year growth, including a significant 44% monthly total trading volume growth seen in June 2025 alone.
The full overview of EEX Group volumes for the first half year of 2025 as well as the June monthly volumes in English and German are available in the documents below.
EEX Group builds secure, successful and sustainable commodity markets worldwide – together with its customers. The group offers trading in power, natural gas, environmental products, freight and agriculturals as well as subsequent clearing and registry services, connecting a network of more than 950 trading participants. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, EEX Asia, Power Exchange Central Europe (PXE), GET Baltic and Nodal Exchange as well as the registry provider Grexel Systems and software companies KB Tech and Lacima. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing (ECC) and Nodal Clear. EEX Group is part of Deutsche Börse Group.
