Since launching in May 2020, EEX’s Japan Power product suite, which includes power futures for the regions Tokyo and Kansai, is now firmly established as the benchmark contract in Japanese power trading, backed by the continuous support from the local trading community and international market participants.
Since launch on 18 May 2020, a total of 8.8 TWh was traded in EEX Japanese Power Futures up until the end of April with EEX holding a market share of 87% in cleared power derivatives volume in its first full year of trading (2021). In the first months of 2022, EEX confirmed this leading position: While the monthy-average-volume amounted to 280 GWh in the first year (May’20 – Apr’21), the monthly-average-volume increased to 455 GWh in the second year (May’21 – Apr’22).
Today, 40 companies from Japan and around the world are actively trading the EEX Japan Power Futures contracts which is double the number of participants compared to May 2021. In particular, the number of domestic utility players increased significantly, with major Japanese players, such as JERA, Marubeni Power or Hokkaido Electric joining the EEX market in spring 2022.
