In August 2015, trading volumes on the Power Derivatives Market of the European Energy Exchange (EEX) amounted to 168.2 TWh. Compared to the same month in the previous year, the volume increased by 71 % (August 2014: 98,6 TWh).
On the German power derivatives market (Phelix Futures), the trading volume increased by 54 % to 127.3 TWh. Open Interest in this product amounted to 824.5 TWh at the end of the month (August 2014: 729.0 TWh). Significant increases were also recorded in the French (+ 362 %), Italian (+ 84 %) and Spanish (+ 5,531 %) market areas. At 328,375 MWh, EEX reached a new monthly record in Dutch power futures (previous record: 183,960 MWh in December 2014).
The August volumes comprised 86.3 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 36.7 million tonnes of CO2 was traded in August, which is an increase of 88 % compared to the previous year (August 2014: 19,5 million tonnes of CO2). In August, primary market auctions contributed 23.9 million tonnes of CO2 to the total volume. The volume on the EUA secondary market increased more than 6-fold to 12.8 Mio. tonnes of CO2 (August 2014: 2.0 million tonnes of CO2).
Agricultural Products
In August, 5,396 contracts were traded in agricultural products at EEX. This includes 5,273 contracts (equal to 131,825 tonnes) traded in processing potatoes, 120 contracts (equal to 600 tonnes) from dairy and 3 contracts (equal to 24 tonnes) in meat & livestock.
New Participants
In August, EEX admitted Duferco Energia S.P.A., Genova, Five Rings Capital LLP, London, HYDROPTION SAS, Toulon (France), Modity Energy Trading AB, Lund (Sweden) and PGE Dom Maklerski S.A., Warsaw, as new trading participants. Furthermore, 176 trading participants and four Non-Trading Brokers were additionally admitted to options trading for France, Italy and Spain. EEX launched these new options products on 27 August.
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
EEX – Monthly Figures Report for August 2015
Volumes
Power Derivatives Market |
Monthly volume
MWh |
Monthly volume – previous year MWh |
Total |
168,231,279 |
98,609,602 |
Phelix Futures |
127,287,760 |
82,607,619 |
French Futures |
18,244,945 |
3,948,394 |
Italian Futures |
15,625,948 |
8,488,139 |
Spanish Futures |
1,520,481 |
27,000 |
Further markets |
565,485 |
25,690 |
Options on Phelix Futures |
4,986,660 |
3,512,760 |
CO2 Emissions Market |
Monthly volume
|
Monthly volume – previous year tonnes of CO2 |
Total |
36,685,000 |
19,472,000 |
EUA Spot Market |
28,262,000 |
18,258,000 |
CER Spot Market |
0 |
401,000 |
EUA Derivatives Market |
8,423,000 |
813,000 |
Agricultural Products |
Monthly volume
Number of contracts |
Monthly volume Number of contracts |
Total |
5,396 |
- |
Processing Potatoes |
5,273 |
- |
Dairy Products |
120 |
- |
Livestock & Meat |
3 |
- |
Prices and Indices
|
August 2015 |
Phelix Futures – Settlement Price for base load contract with delivery in 2016 (in €/MWh) |
30.30 |
Phelix Futures – Settlement Price for peak load contract with delivery in 2016 (in €/MWh) |
38.56 |
E-Carbix (in €/EUA) |
8.07 |
Settlement Price on EUA Derivatives Market in Dec 2015 contract (min, / max,) in €/EUA |