The European Energy Exchange (EEX) reached a new monthly record on its power derivatives markets in November with a total of 423.2 TWh were traded, exceeding the previous record of 416.3 TWh in April 2016.
Compared with the previous year, the total volume rose by 50 per cent (November 2015: 281.8 TWh).
The volume increase in Phelix Futures (market area Germany/Austria) contributed to the overall volume. In this market, the monthly volume exceeded the trading volume of 300 TWh for the first time, representing an increase of 74 per cent against the previous year. Furthermore, the volumes traded in French power futures increased by 21 per cent, Spanish power futures increased by 42 per cent.
The November volumes comprised 229.9 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 79.2 million tonnes of CO2 was traded in November which is an increase of 12 per cent compared to November 2015 (70.4 million tonnes of CO2). Thereof, 58.6 million tonnes of CO2 were sold in the primary market auctions.
The volume traded in EUA Futures amounted to 18.5 million tonnes of CO2 which represents an increase of 68 per cent against the previous year (November 2015: 11.0 million tonnes CO2). In addition, EEX registered 250,000 tonnes of CO2 in the recently introduced EUA options.
In November, a total of 5,387 contracts was traded in agricultural products at EEX, representing an increase of 39 per cent against the previous year (November 2015: 3,862 contracts). In the dairy segment EEX reached a new monthly volume with 1,884 traded contracts (equal to 9,420 tonnes). In addition, 3,503 contracts (equal to 87,575 tonnes) were traded in European processing potatoes.
In November, EEX admitted Flow Traders, Amsterdam and Manta Commodities SE, Prague, as new trading participants.
