In July 2014, the total volume in power derivatives on the European Energy Exchange (EEX) amounted to 148.6 TWh, which is an increase of 75 percent compared to the same month in the previous year (July 2013: 84.7 TWh). This represents the highest monthly volume traded on the EEX Power Derivatives Market so far in 2014.
In Phelix Futures, the volume increased by 64 percent to 126.8 TWh compared to the previous year (July 2013: 77.5 TWh) while, on the French market, the volume trebled to 5.2 TWh (2013: 1.7 TWh). Additionally, a new monthly record was reached in Italian Power Futures with 13.3 TWh: The Italian volume comprised 1.5 TWh traded on the exchange and 11.8 TWh from Trade Registration.
In July, 64.3 TWh were registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).
The base load price for the year 2015 in the Phelix Future product (market area Germany/Austria) was quoted at EUR 35.34 per MWh on 31 July 2014. The peak load price for 2015 in the product Phelix Future was quoted at EUR 44.19 per MWh.
Emission Allowances
On the EEX Market for Emission Allowances, a total volume of 39.8 million tonnes of CO2 was traded in July, compared with 73.9 million tonnes of CO2 in July 2013. During the month, Primary Market Auctions contributed 35.6 million tonnes of CO2 to the total volume.
In July, the monthly average of the ECarbix (European Carbon Index) amounted to EUR 5.92 per EUA. On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2014) varied between EUR 5.58 per EUA and EUR 6.23 per EUA.
Guarantees of Origin
During the month, 20,000 GoOs have been traded on the EEX Derivatives Market in the product Nordic Hydro (July 2013: 30,000 GoOs).
New Participants
In July, EEX admitted Greenex s.r.o., Prague, as new participant on the Spot and Derivatives Market for Emission Allowances. Furthermore, Stadtwerke Viernheim GmbH and Axpo Trading AG, Dietikon, were also admitted for trading of qualityspecific Natural Gas products. The membership of Trailstone GmbH, Berlin, was extended to the Natural Gas Spot and Derivatives Market, while Iberdrola Generación S.A.U., Bilbao, extended its membership to trading in Italian Power Futures. Furthermore, EEX admitted Jura Smart Grid GmbH & Co. KG, Neumarkt, for trading on the Derivatives Market for Power and Coal.
Additionally, EEX acknowledged two new Non-Trading Brokers at EEX, namely, BGC Brokers LP, London, and Corretaje e Información Monetaria y de Divisas, Sociedad de Valores, S.A., Madrid.
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 related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. In the context of its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilizer. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is a member of Eurex Group.