The European Power Spot Market, operated by EPEX SPOT, started the new year with a record monthly volume of 58.8 TWh, an 8% increase from the same period last year. The 20% growth in the Intraday Markets was supplemented by a 4% increase in Day-Ahead trading.
At 314.3 TWh in January, trading on the EEX Power Futures Market achieved a significant increase compared to December. However, due to the uncertainties on the energy markets, volumes were 20% lower than in the same period last year. Trading in Italian Power Futures (+9%), Belgian Power Futures (+130%), and Dutch Power Futures (+139%) recorded significant increases.
Trading in Japanese Power Futures continued to develop positively, with trading volumes reaching a record high of 1.2 TWh and a year-on-year increase of 177%. The U.S. Nodal Power contract trading volume also increased by 22% to 270.8 TWh.
Overall, trading volume in the global EEX Group Power Markets in January 2023 was 4% below the previous year with a total volume of 645.1 TWh.
