In September 2017, the European Energy Exchange (EEX) achieved a total volume of 265.8 TWh on its power derivatives markets (September 2016: 373.3 TWh). The September volume comprised 139.2 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
In the Phelix-DE Future, the new reference product for European power trading, EEX achieved its highest volume since the launch of these products in April at 35.1 TWh, exceeding the previous record from August by 53% (August 2017: 22.9 TWh). Also on the Dutch power market, EEX reached a new monthly high at 1.7 TWh (September 2016: 0.7 TWh).
Emission Allowances
On the EEX Market for emission allowances, traded volumes in September more than doubled to 187.8 million tonnes of CO2 (September 2016: 92.6 million tonnes of CO2). In particular, EEX was able to significantly increase trading volumes on the EUA derivatives market. Trading volumes in this market increased more than fourfold to a new monthly high of 98.4 million tonnes of CO2 (September 2016: 22.2 million tonnes of CO2). Primary market auctions contributed 83.2 million tonnes of CO2 to the total volume.
Agricultural Products
Throughout September, a total of 4,225 contracts was traded in agricultural products (September 2016: 6,678 contracts). In dariy products, volumes doubled to 2,147 contracts (equal to
10,735 tonnes). In processing potatoes, a volume of 2,078 contracts (equal to 51,950 tonnes) was traded.
Global Commodities
In freight futures which are available for trade registration, EEX recorded a volume of 1,685 contracts in September.
New Participants
In September, EEX admitted Commerzbank AG, Frankfurt am Main (Germany), Consorzio Toscana Energia S.p.A, Lucca (Italy), Interenergo, energetski inzeniring, d.o.o., Ljubljana (Slovenia) and MND a.s., Hodonin (Czech Republic) as new trading participants. Enel Trade S.p.A., Rome and INTL FCStone Ltd., London were additionally admitted on the derivatives market for freight. The membership of TFS Derivatives Ltd., London and Total Gas & Power Ltd., London was extended to trading wood pellets.
Volumes:
| Power Derivatives Market |
Monthly volume MWh |
Monthly volume – previous year MWh |
| Total |
265,766,107 |
373,338,548 |
| Phelix Futures |
132,441,593 |
248,219,905 |
| Phelix DE Futures |
35,074,871 |
– |
| French Futures |
35,020,644 |
46,207,959 |
| Italian Futures |
40,861,065 |
51,009,584 |
| Spanish Futures |
5,766,757 |
6,459,391 |
| Dutch Futures |
1,698,793 |
715,215 |
| Further markets |
7,192,864 |
1,274,444 |
| Options on Phelix Futures |
6,833,520 |
18,576,050 |
| Further Option Markets |
876,000 |
876,000 |
| CO2 Emissions Market |
Monthly volume tonnes of CO2 |
Monthly volume – previous year tonnes of CO2 |
| Total |
187,845,000 |
92,632,500 |
| EUA Spot Market – thereof: Primary Market Auctions – thereof: Secondary Market |
88,290,000 |
69,762,000 |
| EUAA Spot Market |
1,078,000 |
683,500 |
| CER Spot Market |
40,000 |
0 |
| EUA Futures |
98,437,000 |
22,187,000 |
| Agricultural Products |
Monthly volume Number of contracts |
Monthly volume Number of contracts |
| Total |
4,225 |
6,678 |
| Processing Potatoes |
2,078 |
5,593 |
| Dairy Products |
2,147 |
1,085 |
| Global Commodities |
Monthly volume Number of contracts |
Monthly volume Number of contracts |
| Freight Futures |
1,685 |
– |
Prices and indices
|
09/2017 |
|
| Phelix Futures – Settlement Price for base load contract
with delivery in 2018 (in €/MWh) |
34.93 |
| Phelix Futures – Settlement Price for peak load contract
with delivery in 2018 (in €/MWh) |
43.15 |
| E-Carbix (in €/EUA) |
6.72 |
| Settlement Price on EUA Derivatives Market
in Dec 2017 contract (min, / max,) in €/EUA |
5.83 / 7.28 |