The European Energy Exchange (EEX) has set a new record in Japan Power Futures by registering a volume of over 1 TWh in a single month for the first time since entering the market in May 2020.
Since the beginning of the year, Japan has experienced strong movement in its power markets. Historic price fluctuations on the JEPX Day-Ahead Spot market has resulted in a major upswing in long term hedging with all periods (weekly, monthly, quarterly and seasons) being actively traded on EEX.
Steffen Koehler, EEX, Chief Operating Officer, says: “As Japan faces unprecedented volatility in its power markets, the need to understand this dynamic market has never been greater. EEX offers the right solutions to manage this volatility and provides certainty in uncertain times”.
Since launching in May 2020, liquidity on EEX Japan Power Futures has continued to build month on month with January ’21 volumes exceeding the total traded volume achieved last year.
This new milestone comes as EEX prepares to hold its first dedicated Japan Power digital summit this week (Thursday 28th January). Staged in association with Reuters Events, EEX’s “Building Markets Together – Japan 2021” will bring together many of the world’s key players in Japanese Power to discuss the required next steps as the market continues to evolve and develop.