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The monthly volume on EEX’s power derivatives market amounted to 287.8 terawatt hours (TWh) in May 2016 which is an increase of 86% compared to May 2015 (154.6 TWh).
In May, EEX recorded major volume increases in all market areas: In particular, the core markets of Germany (+62%), France (+85%), Italy (+147%) and Spain (+303%) all achieved significant growth. Trading in options developed very positively, with 16.6 TWh traded in German Phelix options and 1.7 TWh traded in French and Spanish options. Furthermore, cumulated volumes in power options at EEX for 2016 have already overtaken the annual volume achieved in 2015 (January to May 2016: 72.2 TWh traded compared to 66.8 TWh from January to December 2015).
The May volumes comprised 158.5 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).
Emission Allowances
On the EEX Market for emission allowances, a total volume of 63.4 million tonnes of CO2 was traded in May, representing a year-on-year increase of 30% (May 2015: 48.6 million tonnes of CO2). Primary market auctions contributed 45.5 million tonnes of CO2 to the total volume while the volumes on the derivatives market increased more than three-fold to 13.4 million tonnes of CO2.
Agricultural Products
In May, a total of 3,491 contracts were traded in agricultural products at EEX which is a 24% increase on the previous year (as of launch on 11 May 2015). This volume included 1,972 contracts (equal to 49,300 tonnes) from European processing potatoes and 1,519 contracts (equal to 7,595 tonnes) from dairy products. The cumulated volume traded in the dairy segment in 2016 has also exceeded the volume traded in the total year 2015.
New Participants
In May, EEX admitted Bayerische Landesbank, Munich, and TINMAR ENERGY S.A., Bucharest, as new trading participants. Furthermore, Macquarie Bank Limited (London Branch) extended its admission to the Freight market.
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 commodity 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). EEX is part of Deutsche Börse Group. For more information: www.eex.com
