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EEX Trading Results Of June 2015 – Volume On The Derivatives Market For Power And Emissions Increased Significantly

Date 01/07/2015

In June 2015, trading volumes on the power derivatives market of the European Energy Exchange (EEX) amounted to 184.0 TWh. Compared to the same month in the previous year, the volume increased by 84 percent (June 2014: 99.9 TWh). In this context, EEX recorded volume increases in all markets. Especially in French (+387 percent) and Italian (+172 percent) power futures as well as in Phelix Options (+111 percent), the trading volume was significantly above the volume from the previous year.

The June volumes comprised 106.5 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 54.2 million tonnes of CO2 was traded in June, which is an increase of 60 percent compared to the previous year (June 2014: 33.9 million tonnes of CO2). In June, primary market auctions contributed 50.7 million tonnes of CO2 to the total volume. On the EUA derivatives market, the volume increased 13-fold compared to the previous year with 1.5 million tonnes of CO2 traded (June 2014: 0.1 million tonnes of CO2).

Agricultural Products

In June, 9,170 contracts were traded in the agricultural products at EEX. This includes 8,925 contracts (equals 223,125 tonnes) traded in processing potatoes, 236 contracts (equals 1,180 tonnes) from the dairy segment and 9 contracts (equals 72 tonnes) in the segment livestock & meat.

New Participants

In June, EEX admitted Axpo Iberia S.L.U., Madrid, C.V.A. Trading S.r.l., Chatillon (Italy) and PERSPEKTIVA d.d, Ljubljana, as new trading participants. Futhermore, the admission of Gunvor International B.V., Geneva and Enel Trade S.p.A., Rome was extended to Nordic Power Futures. The membership of Enel Trade S.p.A. and Statkraft Markets GmbH, Düsseldorf, was extended with Greek Power Futures. In total, 60 participants were admitted to trading of the new financial power futures for Belgium and the Netherlands.

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 June 2015

Volumes

Power Derivatives Market

Monthly volume

 

MWh

Monthly volume – previous year

MWh

Total

183,965,854

99,921,637

Phelix Futures

130,806,787

83,328,486

French Futures

19,962,684

4,099,534

Italian Futures

26,207,912

9,617,872

Spanish Futures

1,097,128

101,280

Further markets

233,343

102,665

Trade Registration products

18,600

-

Options on Phelix Futures

5,639,400

2,671,800

CO2-Emissions Market

Monthly volume


tonnes of CO2

Monthly volume – previous year

tonnes of CO2

Total

54,163,000

33,932,000

EUA Spot Market
- thereof: Primary Market Auctions
- thereof: Secondary Market

52,695,000
50,726,000
1,969,000

33,531,000
31,884,000
1,647,000

CER Spot Market

0

290,000

EUA Derivatives Market

1,453,000

111,000

CER Derivatives Market

15,000

0

Agricultural Products

Monthly volume

 

Number of contracts

Monthly volume
– previous year

Number of contracts

Total

9,170

-

Processing Potatoes

8,925

-

Dairy Products

236

-

Livestock & Meat

9

-

Prices and Indices

 

June 2015

Phelix Futures – Settlement Price for base load contract

with delivery in 2016 (in €/MWh)

32.10

Phelix Futures – Settlement Price for peak load contract

with delivery in 2016 (in €/MWh)

40.40

E-Carbix (in €/EUA)

7.45

Settlement Price on EUA Derivatives Market

in Dec 2015 contract (min. / max.) in €/EUA

7.28 / 7.63