EEX Trading Results In December - New Daily And Monthly Record On The Natural Gas Spot Market

In December 2012, the total trading volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 85.1 TWh. Compared to December 2011, the volume increased by 30 per cent. The Power Derivatives Market volume contained 51.2 TWh from OTC clearing.

The Power Derivatives Market Volumes can be broken down as follows:

Power	Dec 2012 Vol./MWh	Dec 2011 Vol./MWh
Total trading volume	85,061,591	65,657,994
Phelix Futures	82,705,063	62,881,944
French Futures	2.356.528	2.488.050
Options on Phelix Futures	0	288,000

The base load for 2012 on the Power Derivatives Market was quoted at 45.07 Euro/MWh (Germany) respectively 47.28 Euro/MWh (France) on 21st December 2012. The peak load for 2012 was determined at 56.96 Euro/MWh (Germany) and
60.25 Euro/MWh (France).

The total trading volume on the EPEX SPOT Power Spot Markets amounted to 29.2 TWh in December 2012.

On the EEX Natural Gas Market, a total volume of 6,940,992 MWh was traded in December 2012. On the Spot Market, EEX achieved a new monthly record with a traded volume of 4,342,162 MWh (previous record in November 2011: 4,075,290 MWh). Compared to December 2011, the short-term traded volume rose by 21 per cent. Additionally, the highest day volume ever traded on the Natural Gas Spot Market was achieved on 28th December 2012, reaching a total of 471,556 MWh.

The Natural Gas Market volumes the can be broken down as follows:

Natural Gas	Dec 2012 Vol./MWh	Dec 2011 Vol./MWh
Total trading volume	6,940,992	6,601,583
Spot Market (market areas GASPOOL, NCG und TTF)	4,342,162	3,581,415
Derivates Market (market areas GASPOOL and NCG) thereof: OTC Clearing volumen	2,598,830 345,440	3,020,168 79,728

The daily reference price on the Spot Market for Natural Gas ranged between 25.03 Euro/MWh and 28.93 Euro/MWh.
For delivery in January, the reference price EGIX Germany was fixed at 27.66 Euro/MWh (EGIX GASPOOL: 27.63 Euro/MWh, EGIX NCG: 27.69 Euro/MWh).

On the EEX Market for Emission Allowances, a total volume of 42,201,500 tonnes of CO2 was traded in December. Thereof, a volume of 35,249,500 tonnes of CO2 derived from the primary market auctions. On 18th December, the last primary market auction in 2012 was performed. During the year 2012, EEX carried out a total of 75 auctions on the Spot Market and 91 auctions on the Derivatives Market. On the Secondary Market for EUA Futures the positive trend continued. 6,097,000 tonnes of CO2 have been traded in December which is a turn-over of more than 4 times higher than the previous year.

The volumes traded in Emission Allowances were compiled as follows:

Emission Allowances	Dec 2012 Vol./tCO2	Dec 2011 Vol./tCO2
Total trading volume	42,201,500	2,574,000
EUA Spot Market hereof: Primary Market Auctions	36,069,500 35,249,500	1,205,000 850,000
EUA Derivatives Market thereof: Primary Market Auctions	6,097,000 0	1,358,000 0
CER Derivatives Market	35,000	11,000

In secondary trading, the daily settlement price on the EUA Phase II Spot Market ranged from EUR 4.87 per EUA to EUR 7.13 per EUA.
On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2012) varied between EUR 5.73 per EUA and EUR 7.07 per EUA.

New participants
In December, EEX admitted Five Rings Capital, LLC, New York for trading in Emission Allowances.

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 related products on which power, natural gas, CO2 emission allowances and coal are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.