A total volume of 22.5 TWh was traded on PEGAS, the natural gas platform formed by cooperation between the European Energy Exchange (EEX) and Powernext, and cleared by European Commodity Clearing (ECC) in October 2013.
In the framework of this cooperation, EEX and Powernext have combined their natural gas market activities to create a pan-European gas market.
Overall, trading volumes on the spot markets amounted to 15.2 TWh in October 2013 which represents an increase of 43 per cent compared to September 2013 (10.6 TWh).
The German spot markets (GASPOOL and NCG market areas) registered a volume of 5.8 TWh. This volume includes 178,905 MWh traded in the quality-specific gas products which EEX launched on 1 October for the German gas market areas.
The volume in the French spot markets (PEG Nord, PEG Sud, PEG TIGF market areas) amounted to 7.7 TWh which constitutes a new monthly record (+25 per cent compared with the previous record of 6.2 TWh registered in July 2013). This trend was confirmed on 1 November with a new daily volume record of 847,150 MWh registered on the PEG spot markets (previous record: 694,210 MWh on 23 August 2013).
The Dutch TTF Spot Market recorded a monthly volume of 1.7 TWh.
In October 2013, trading volumes on the derivatives markets connected to PEGAS amounted to 7.3 TWh which represents an increase of 46 per cent compared to September 2013 (5.0 TWh). The German futures markets (GASPOOL and NCG market areas) recorded a volume of 2.9 TWh. In the French market areas, a total of 2.8 TWh was traded on PEG Nord Futures and the PEG Sud Futures, newly introduced on 1 October (200 GWh). At 1.6 TWh in October, a new monthly record was reached in the TTF Futures market (previous record: 1.3 TWh in February 2013).