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EEX achieves new record on emissions secondary market

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The European Energy Exchange (EEX) achieved a total volume of 222.4 TWh on its power derivatives markets (March 2017: 311.2 TWh) in MArch 2018. In Dutch Futures, EEX achieved its highest volume so far at 4.1 TWh. 

On the French market, volumes increased by 19 per cent to 24.4 TWh (March 2017: 20.4 TWh) while volumes on the Italian market increased by 12 per cent to 36.0 TWh (March 2017: 32.1 TWh). In total, the German and Austrian markets (Phelix-DE, Phelix-AT and Phelix-DE/AT) recorded a volume of 141.6 TWh (March 2017: 225.9 TWh).

The March volume comprised 119.2 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).

On the EEX markets for emission allowances, the total trading volume more than doubled to 250.2 million tonnes of CO2 in March (March 2017: 117.5 million tonnes of CO2). In particular, the development was driven by a significant increase of volumes on the secondary market where EEX achieved a new monthly record of 99.1 million tonnes of CO2. Primary market auctions contributed 78.6 million tonnes of CO2 to the total volume. Furthermore, 72.5 million tonnes of CO2 were traded in EUA Options which is the highest monthly volume so far in this product and almost 3-fold the previous record volume which was traded in February 2018.

Throughout March, a total of 3,678 contracts was traded in agricultural products (March 2017: 5,906 contracts). In the dairy segment, the volume reached 1,466 contracts (equal to 7,330 tonnes). In processing potatoes, a volume of 2,212 contracts (equal to 55,300 tonnes) was traded.

In freight futures which are available for trade registration, EEX recorded a volume of 2,270 contracts in March (March 2017: 3,825 contracts).

In March, EEX admitted Acciona Green Energy Developments, Madrid and E.ON Energia, Milan as new trading participants on the EEX Spot and Derivatives Markets. Furthermore, EEX admitted Marex Financial Limited, London, BayWare Clean Energy Sourcing, Munich, and Elektrix, Warsaw, for trading on the Derivatives Market.

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