In July 2012, the total trading volume on the Natural Gas Market of the European Energy Exchange (EEX) amounted to 3,831,520 MWh which is an increase of 49 percent compared to July 2011 (2,573,289 MWh).
The Natural Gas Spot Market developed particularly well. The traded volume on this market doubled in comparison to July 2011. The Natural Gas volumes can be broken down as follows:
Natural Gas |
Jul 2012 Vol./MWh |
Jul 2011 Vol./MWh |
Total trading volume |
3,831,520 |
2,573,289 |
Spot Market (market areas GASPOOL, NCG and TTF) |
1,907,645 |
953,699 |
Derivatives Market (market areas GASPOOL and NCG) thereof: OTC Clearing volume |
1,923,875 70,565 |
1,619,590 307,440 |
- During the month, the daily reference price on the Spot Market for Natural Gas ranged between 23.17 Euro/MWh and 25.95 Euro/MWh.
- The European Gas Index (EGIX) published by EEX displays the current market price for natural gas deliveries in the next month. For the delivery month August the reference price EGIX Germany was fixed with 24.27 Euro/MWh (EGIX GASPOOL: 24.25 Euro/MWh, EGIX NCG: 24.29 Euro/MWh).
On the Markets for Emission Allowances a total volume of 21,185,000 tonnes of CO2 was traded. For the second consecutive month, EEX more than trebled the result of the previous year (July 2011: 6,402,000 tonnes of CO2). The volumes traded in Emission Allowances compose as follows:
Emission Allowances |
Jul 2012 Vol./tCO2 |
Jul 2011Vol./tCO2 |
Total trading volume |
21,185,000 |
6,402,000 |
EUA Spot Market
thereof: Primary Market Auctions |
1,809,000 1,500,000 |
2,137,000 1,200,000 |
EUA Derivatives Market
thereof: Primary Market Auctions |
19,238,000 14,650,000 |
4,255,000 2,280,000 |
CER Derivatives Market |
138,000 |
10,000 |
- During the month, the daily settlement price on the EUA Spot Market ranged between EUR 6.17 per EUA and EUR 8.28 per EUA.
- On the EUA Derivatives Market the daily settlement price in the front year contract (Dec-2012) ranged between 6.58 Euro/EUA and 8.36 Euro/EUA.
New participants
In July, EEX admitted BELEKTRON d.o.o., Ljubljana, to trading on the Spot Market for Emission Allowances. Koch Supply Trading Sàrl, Meyrin/Switzerland has been admitted to trading on the Derivatives Market. Moreover, Markedskraft ASA, Arendal, and Statoil ASA, Stavanger, both Norwegian companies, are new trading participants on the Spot Market for Natural Gas. Statoil ASA has been admitted to trading on all EEX Derivatives Markets as well.
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