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EEX reaches new records on derivatives markets for dairy and emission allowances

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The European Energy Exchange (EEX) reached a volume of 287.4 TWh on its power derivatives markets in December 2016, an increase of 23 per cent on December 2015’s total volume of 233.6 TWh.

At 205.2 TWh, Power Futures for Germany/Austria contributed the largest share to the total volume. Compared to the previous year, volumes in this market increased by 43 per cent (December 2015: 143.8 TWh). Also the Spanish market recorded significant growth with a volume of 6.7 TWh which corresponds to an increase of 52 per cent (December 2015: 4.4 TWh).

The December volumes comprised 142.3 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).

On the EEX Market for emission allowances, a total volume of 117.6 million tonnes of CO2 was traded in December which is twice as much as the volume of December 2015 (48.9 million tonnes of CO2). In particular, the EUA derivatives market contributed to this increase with a new monthly record of 79.5 million tonnes of CO2 and a 5-fold increase compared to the previous year (December 2015: 14.8 million tonnes of CO2). Furthermore, 36.2 million tonnes of CO2 were sold in the primary market auctions.

In December, a total of 5,046 contracts was traded in agricultural products at EEX which means that the volume has more than doubled compared to the previous year (December 2015: 2,585 contracts). In particular, the dairy segment of EEX contributed to this development where, for the first time, more than 10,000 tonnes of goods equivalent were traded (2,563 contracts, equal to 12,815 tonnes). Compared to the previous year, this represents an increase of 175  per cent (December 2015: 932 contracts, 4,660 tonnes).

In November, EEX admitted Edlo Energy SpA, Milan, and Slovenský plynárenský priemysel, a., Bratislava, as new trading participants. Furthermore, ED&F Man Capital Markets Limited, London, has extended its admission to trading on the derivatives market for power as well as on the spot and derivatives market for emission allowances.

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