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The European Energy Exchange AG (EEX) ended the year 2010 with an increase in the volumes traded in all commodities. The trading volume for power increased to 1,487 TWh, which corresponds to a 21-percent increase as against the previous year (1,228 TWh).
The trading volume on the EEX Power Derivatives Markets increased from 1,025 TWh in the previous year to 1,208 TWh in 2010. In total 43.1 TWh of this volume were traded in French Power Futures. The share of the volume traded on the Derivatives Market of the exchange increased significantly as against the previous year (from 28 to 41 percent). The total volume comprises 712 TWh from OTC clearing. On 28 December 2010, the base load for the year 2011 was quoted at EUR 51.40 per MWh (Germany) and at EUR 53.98 per MWh (France) on the Power Derivatives Market. The peak load for the year 2011 was quoted at EUR 62.60 per MWh (Germany) and at EUR 66.30 per MWh (France).
In the course of 2010, the natural gas volumes traded on the Spot and Derivatives Market of EEX increased considerably. Overall, 46.9 TWh (GASPOOL and NCG market area) were sold in gas trading. Compared with the value of 14.9 TWh achieved in the previous year the volume, hence, more than tripled.
Trading in control energy, in particular, which was supported by the Within-Day product was an important factor driving liquidity on the Spot Market. In this respect, at 15.0 TWh almost five times the volume of the previous year (3.5 TWh) was sold here in 2010. The Spot Market volume comprises 5.2 TWh from Within-Day trading.
On the Derivatives Market for Natural Gas 31.9 TWh were traded in the GASPOOL and NCG market areas in 2010 (2009: 11.4 TWh). As of 30 December 2010 the open interest amounted to 20,040,423 MWh. On 28 December 2010 a price of EUR 22.65 per MWh (GASPOOL) and of EUR 22.69 per MWh (NCG) was quoted for 2011 natural gas deliveries on the Derivatives Market. Currently 97 companies are registered for trading in natural gas on EEX.
On the EEX Spot and Derivatives Market for CO2 emissions the result increased almost fivefold as against the previous year: On the EEX Spot Market for CO2 Emission Allowances (EUA) a total of 25,183,862 EUA was traded in the year 2010 as against 9,708,541 EUA in 2009. On the EEX Derivatives Market the 2010 trading volume increased to 127,022,000 EUA from 22,993,000 EUA in 2009. On the Derivatives Market for Certified Emission Reductions a volume of 175,000 CER was traded in the corresponding period (2009: 649,000 CER).
Since the beginning of the year 2010 EEX has carried out the primary market auctions in CO2 emission allowances (EUA) on behalf of the German Federal Ministry for the Environment. In 2010 in total 41,142,500 EUA were auctioned off in these primary market auctions (thereof 16,632,500 EUA on the Spot Market and 24,510,000 EUA on the Derivatives Market).
On the market for coal futures 1,350,000 tonnes were sold in 2010 as against 117,000 tonnes traded in the previous year.
The power trading volume on the EEX subsidiary EPEX Spot, which grew by 37 percent to 279 TWh in 2010 compared with 203 TWh in the previous year, developed particularly well. In 2010 the Spot Market prices for Germany (Phelix Day Base) amounted to on average EUR 44.49 per MWh as against EUR 38.85 per MWh in 2009. EPEX Spot operates short-term power trading, the so-called Spot Market for Germany, France, Austria and Switzerland.
In the course of the year 2010 the number of trading participants licensed for trading on EEX and EPEX Spot increased from 248 to 267 companies from in total 22 countries.
