EEX Group has reported a dynamic start to 2024, with the total monthly trading volume on its global power markets totalling 938.4 TWh, a 45% increase year-on-year and a 21% growth compared to December 2023 (775.4 TWh).

Volumes on the EPEX European power spot markets grew by 27%, reaching a record monthly level of 74.8 TWh, while European power derivatives volumes reported a remarkable 88% YoY expansion to 589.9 TWh. Several of the core power derivatives markets continued strong growth in January 2024, including records reported on the German, Spanish, Swiss, Dutch and Belgian markets.

In addition, the Japanese Power Futures market registered a notable record monthly volume of 5.6 TWh, a doubling of levels in comparison to 2.8 TWh in December 2023, and almost one-third of the total trading volume for the full year of 2023 in only one month (18.3 TWh). It corresponds to a 357% growth compared to January 2023.

January 2024 recorded a significant growth also on EEX’s environmental markets in Europe with a 70% increase YoY, driven by the emissions futures, reaching 38.5m tonnes of CO2. Nodal’s North American environmental markets posted a 166% growth YoY.

EEX’s freight markets continued their growth on a month-on-month basis, with 102,406 lots registered in January 2024, compared to 80,022 lots in December 2023 (+28%).