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EEX European power spot market up 7% year-on-year in February

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The European Power Spot Market, operated by EPEX SPOT, saw a 7% increase in trading volume year-on-year in February, reaching a total of 53.2 TWh. Day-Ahead trading registered a 3% growth, while Intraday Markets trading increased by 19%.

The overall EEX Power Derivatives Market trading volume reached 295.3 TWh in February, a 28% decrease year-on-year. Nonetheless, several individual European markets reported significant annual growth, including Greek Power Futures (+102%), Dutch Power Futures (+58%) as well as GB Power Futures (+53%).

Trading in Japanese Power Futures showed a considerable 701% growth year-on-year, having achieved a growing level of trading volume at 2.4 TWh in February. Trading volume on the U.S. Nodal Power market contracted by -10%, to a total of 291.9 TWh.

Overall, trading volume in the global EEX Group Power Markets in February 2023 was 18% below the previous year, registering a total of 642.8 TWh.
 
EEX Group’s Global Gas Markets have continued with significant growth, reporting an increase of 27% on the Gas Spot Markets and +102% on the EEX European Gas Derivatives Markets, with a total of 580.9 TWh traded in the month.

On the natural gas spot markets, the UK NBP reported most growth in this sector (+676%), while Belgian ZEE reported a 140% trading volume expansion.

Most significant drivers for growth on the gas derivatives markets included the French PEG (+705%), German THE (+292%), and the Spanish PVB (+188%) gas markets.
 

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