EEX Group achieved significant volume growth in the first half of 2024 across major asset classes, with the group’s global power market volume up by almost 50%, and natural gas volumes in the US almost doubling in size.
European natural gas trading remained stable at the high level seen over the past two years.
Environmental markets both in Europe as well as in North America also saw high double-digit growth in the first half of the year.
EEX Group also added to its product portfolio during the first six months of the year, including the March launch of Nordic zonal futures as an additional offering for the Nordic power market, and the launch in April of TTF futures denominated in USD, in addition to its existing EUR-denominated contracts.
In a statement, Peter Reitz, CEO of EEX, said: “2024 started with strong growth across most of EEX Group markets. Our power markets have seen significant expansion in terms of volumes in the first half of the year, underpinned by the growing rate of renewables integration impacting spot markets, as well as the increasing importance of long-term price risk hedging.
“In addition to that, we see a rising share of high-frequency traders joining our markets. In the context of energy transition and decarbonisation, it is promising to see that our environmental markets in Europe and North America have reported significant increases in terms of trading volumes. We are looking forward to further supporting the energy transition with market-based instruments.”
