Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

EEX Trading Results For May 2018 - EEX Achieves Monthly Record In Phelix-DE Futures And EUA

Date 01/06/2018

In May 2018, the European Energy Exchange (EEX) increased volumes on its power derivatives markets by 23% to 306.9 TWh (May 2017: 248.7 TWh) which is the highest volume since March 2017. In the benchmark product for European power trading, the Phelix-DE Future, EEX achieved new monthly record of 170.4 TWh. Furthermore, EEX was able to significantly increase volumes in its markets for Italy (58.4 TWh, +60%), Spain (9.7 TWh, +52%) and the Netherlands (3.2 TWh, +283%). Volumes on the options markets have tripled as against the previous year to 31.7 TWh (May 2017: 10.3 TWh).

The May volume comprised 191.7 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).

Emission Allowances

On the EEX markets for emission allowances, the total trading volume more than quadrupled to 477.8 million tonnes of CO2 in May (May 2017: 105.1 million tonnes of CO2). On the EUA secondary market (Spot and Derivatives), EEX achieved a new record volume of 204.8 million tonnes of CO2. Also trading in EUA options reached a new peak of 214.0 million tonnes of CO2. Primary market auctions contributed 59.0 million tonnes of CO2 to the total volume.

Agricultural Products

Throughout May, a total of 4,423 contracts was traded in agricultural products (May 2017: 5,445 contracts). In the dairy segment, the volume reached 1,409 contracts (equal to 7,045 tonnes). In processing potatoes, a volume of 3,014 contracts (equal to 75,350 tonnes) was traded.

Global Commodities

In freight futures which are available for trade registration, EEX volumes amounted to 1,435 contracts (May 2017: 5,245 contracts).

New Participants

During the month, EEX admitted further participants on its emissions market. The membership of TFS Derivatives Ltd., London was extended to trading on the spot market, MND a.s., Hodonin (Czech Republic) was additionally admitted to trading on the derivatives market as well as Slovenské elektrárne, a.s., Bratislava for spot and derivatives trading. Furthermore, the non-trading broker SSY Futures Ltd, London was additionally recognised on the market for wood pellets.

The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power and Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.

EEX – Monthly Figures Report for May 2018

Volumes

Power Derivatives Market

Monthly volume
MWh

Monthly volume – previous year
MWh

Total

306,935,659

248,689,575

Phelix-DE Futures

170,374,151

8,083,286

Phelix-AT Futures

52,486

0

Phelix DE/AT Futures

3,480,606

164,247,042

French Futures

19,408,001

19,403,529

Italian Futures

58,449,266

36,524,072

Spanish Futures

9,698,878

6,384,109

Dutch Futures

3,187,891

832,469

Further markets

10,565,830

2,928,348

Options markets

31,718,550

10,286,720

 

CO2 Emissions Market

Monthly volume
tonnes of CO2

Monthly volume – previous year
tonnes of CO2

Total

477,790,000

105,149,500

EUA Spot Market

- thereof: Primary Market Auctions

- thereof: Secondary Market

82,784,000

58,091,000

24,693,000

76,704,500

70,009,500

6,695,000

EUA Futures

180,098,000

28,445,000

EUAA Spot Market (Primary Market Auctions)

958,000

0

EUA Options

213,950,000

0

 

Agricultural Products

Monthly volume
Number of contracts

Monthly volume
– previous year
Number of contracts

Total

4,423

5,445

Processing Potatoes

3,014

2,952

Dairy Products

1,409

2,493

 

Global Commodities

Monthly volume
Number of contracts

Monthly volume
– previous year
Number of contracts

Freight Futures

1.435

5.245

Prices and Indices

 

05/2018

Phelix-DE Futures – Settlement Price for base load contract

with delivery in 2019 (in €/MWh)

41.42

Phelix-DE Futures – Settlement Price for peak load contract

with delivery in 2019 (in €/MWh)

51.88

Settlement Price on EUA Derivatives Market

in Dec 2018 contract (min. / max.) in €/EUA