In December 2013, the total volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 103.3 TWh which is an increase of 21 percent compared to the previous year. The overall volume included 57.8 TWh from Trade Registrations, the registration of trades for clearing.
The Power Derivatives Market volumes are broken down as follows:
|
Power |
Dec 2013 Vol. in MWh |
Dec 2012 Vol. in MWh |
|
Total trading volume |
103,218,744 |
85,061,591 |
|
Phelix Futures |
99,642,765 |
82,705,063 |
|
French Futures |
1,264,079 |
2,356,528 |
|
Phelix Options |
2,374,900 |
0 |
- The base load for 2014 on the Power Derivatives Market was quoted at EUR 37.30 per MWh (Germany) and EUR 44.19 per MWh (France) on 23 December 2013.
- The peak load for 2014 was quoted at EUR 48.63 per MWh (Germany) and EUR 56.21 per MWh (France).
In addition, a volume of 801,984 MWh was registered for clearing via European Commodity Clearing (ECC) in Italian Power Futures. This constitutes the highest monthly volume since the product launched in October 2013 and is more than twice the volume of the previous month (November 2013: 289,315 MWh).
Furthermore, in December, a volume of 80,000 Guarantees of Origin for Green Power was traded in the Nordic Hydro product on the EEX Derivatives Market.
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 52.2 million tonnes of CO2 was traded in December compared with 42.2 million tonnes of CO2 in December 2012. In December, the Primary Market Auctions contributed 46.8 million tonnes of CO2 to the total volume.
The volumes traded in Emission Allowances were as follows:
|
Emission Allowances |
Dec 2013 Vol./tCO2 |
Dec 2012 Vol./tCO2 |
|
Total trading volume |
52,205,500 |
42,201,500 |
|
EUA Spot Market Primary Market Auctions: Secondary Market: |
49,671,500 46,768,500 2,903,000 |
36,069,500 35,249,500 820,000 |
|
EUA Derivatives Market |
2,464,000 |
6,097,000 |
|
CER Derivatives Market |
70,000 |
35,000 |
- In December, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 4.73 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2013) varied between EUR 4.47 per EUA and EUR 5.01 per EUA.
New participants
In December, EEX admitted Stadtwerke Gießen AG on the Natural Gas Spot Market. GAZ SYSTEM SA, Warsaw, was admitted on the Spot and Derivatives Market for Emission Allowances. Additionally, EEX admitted Merrill Lynch Commodities (Europe) Limited as a new participant on the Natural Gas Spot and Derivatives Market.
