EEX Group’s global power markets continued their strong growth in March 2024, with a total of 1,057 TWh traded on the spot and derivatives markets (39% YoY). Volumes on the European power spot markets increased by 12% YoY, reaching a total of 72.9 TWh.
Over the month, EPEX SPOT registered new monthly records on the German day-ahead markets as well as intraday markets in the Netherlands and Great Britain.
March also saw significant growth in European power derivatives with an increase of 74% YoY, and new monthly records set in both German and French power futures. On 25 March, EEX launched zonal power futures for 12 Nordic bidding zones, with 32,811 MWh traded by the end of the month.
Meanwhile, trading in Japanese power futures reached 4.1 TWh, constituting growth of 249% YoY.
European emissions trading rose by 18% in total, with emissions derivatives increasing by 50% YoY, while North American environmental contracts reported 25% growth YoY.
European dairy futures increased by 12% to 4,560 traded contracts (22,800 tonnes). In Q1 2024, EEX dairy futures reached its highest quarterly volume ever with 84,090 tonnes traded, beating the previous record of 67,720 tonnes in Q1 2023.
