In January 2013, the total trading volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 125.2 TWh. Compared to January 2012, the volume increased by 19 percent. The Power Derivatives Market volume contained 65.4 TWh from OTC clearing.
The Power Derivatives Market Volumes can be broken down as follows:
Power | Jan 2013 Vol./MWh | Jan 2012 Vol./MWh |
Total trading volume | 125,206,891 | 105,238,267 |
Phelix Futures | 120,083,913 | 100,079,466 |
French Futures | 1,999,218 | 2,287,101 |
Phelix Options | 3,123,760 | 2,871,700 |
- The base load for 2014 on the Power Derivatives Market was quoted at 40.37 Euro/MWh (Germany) and 44.19 Euro/MWh (France) on 31 January 2013. The peak load for 2014 was determined at 50.96 Euro/MWh (Germany) and 56.13 Euro/MWh (France).
The total trading volume on the EPEX SPOT Power Spot Markets amounted to 28.2 TWh in January 2013.
On the EEX Natural Gas Market, a total volume of 9,811,058 MWh was traded in January 2013 which is an increase of 41 percent compared to January 2012. On the Spot Market, EEX achieved a record again with 7,160,518 MWh having been traded, which is the highest monthly volume ever since launch (previous record in December 2012: 4,342,162 MWh). Furthermore, a new daily record was achieved on 18 January 2013, reaching a total of 515,440 MWh (previous record 471,556 MWh on 28 December 2012).
The Natural Gas Market volumes can be broken down as follows:
Natural Gas | Jan 2013 Vol./MWh | Jan 2012 Vol./MWh |
Total trading volume | 9,811,058 | 6,961,772 |
Spot Market (market area GASPOOL, NCG and TTF) | 7,160,518 | 3,575,272 |
Derivatives Market (market areas GASPOOL and NCG)
thereof: OTC-Clearing-Volume
|
2,650,540
6,720
|
3,386,500
96,000
|
- The daily reference price on the Spot Market for Natural Gas ranged between 25.00 Euro/MWh and 28.00 Euro/MWh.
- For delivery in February, the reference price EGIX Germany was fixed at 26.86 Euro/MWh (EGIX GASPOOL: 26.86 Euro/MWh, EGIX NCG: 26.88 Euro/MWh).
On the EEX Market for Emission Allowances, a total volume of 55,002,000 tonnes of CO2 was traded in January, with a volume of 51,362,000 tonnes of CO2 derived from the primary market auctions. The Secondary Spot Market showed a particularly positive development: with 1,765,000 EUA, the traded volume was more than 5 times higher than the previous year while first trades have been concluded on the CER Spot Market.
The volumes traded in Emission Allowances were compiled as follows:
Emission Allowances | Jan 2013 Vol./tCO2 | Jan 2012 Vol./tCO2 |
Total trading volume | 55,002,000 | 7,355,000 |
EUA Spot Market thereof: Primary Market Auctions
thereof: Secondary Market
|
53,127,000 51,362,000
1,765,000
|
2,666,000 2,350,000
316,000
|
CER Spot Market | 25,000 | _ |
EUA Derivatives Market thereof: Primary Market Auctions
thereof: Secondary Market
|
1,850,000
0
1,850,000
|
4,648,000
2,580,000
2,068,000
|
CER Derivatives Market | 0 | 41,000 |
- In secondary trading, the daily settlement price on the EUA Phase II Spot Market ranged from EUR 2.51 per EUA to EUR 6.52 per EUA.
- On the EUA Derivatives Market, the daily settlement price in the front year contract (Dec-2013) varied between EUR 3.44 per EUA and EUR 6.65 per EUA.
New participants
In January, EEX admitted six new trading participants for the Emissions Spot Market. These include A2A Trading Srl, Burgo Energia srl, Global Commodities SAS, PGNiG Energia SA, STX Services B.V. and Green Stream Network plc. Moreover, Polski Koncern Naftowy Orlen S.A. was admitted for trading on the Natural Gas Spot Market. In the framework of the EEX/Eurex co-operation, Skandinaviska Enskilda Banken AB (SEB) was admitted on the Derivatives Market for Gas and Coal.
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