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EEX significantly increases volumes in power and emissions markets

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The European Energy Exchange (EEX) achieved a total volume of 274.3 TWh on its power derivatives markets in February, is a year-on-year increase of 37 per cent (February 2017: 200.8 TWh). In doing so, EEX was able to grow its power derivatives volumes across all market areas.

In total, the German and Austrian markets (Phelix-DE, Phelix-AT and Phelix-DE/AT) increased by 12 per cent to 169.7 TWh. This includes 153.4 TWh from the benchmark product Phelix-DE which achieved its highest volume since launch in April 2017. Volumes in the French market more than doubled to 26.9 TWh (February 2017: 12.3 TWh) while Italian power volumes grew substantially to 40.0 TWh (February 2017: 22.1 TWh). Furthermore, on the Spanish market, volumes increased by more than 250 per cent to 8.3 TWh (February 2017: 2.3 TWh).
The February volume comprised 173.5 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
On the EEX markets for emission allowances, the total trading volume increased by 57 per cent to 144.2 million tonnes of CO2 in February (February 2017: 91.7, million tonnes of CO2). Primary market auctions contributed 75.1 million tonnes of CO2 to the total volume. On the spot secondary market, volumes more than doubled to 4.5 TWh (February 2017: 2.0 TWh). On the EUA derivatives market, EEX was able to increase volumes by 80 per cent to 37.3 TWh (February 2017: 20.7 TWh). Furthermore, 27.4 million tonnes of CO2 were traded in EUA Options which is the highest monthly volume so far in this product.
Throughout February, a total of 3,334 contracts was traded in agricultural products (February 2017: 6,151 contracts). In the dairy segment, the volume reached 1,693 contracts (equal to 8,465 tonnes). In processing potatoes, a volume of 1,641 contracts (equal to 41,025 tonnes) was traded.
In freight futures which are available for trade registration, EEX recorded a volume of 1,535 contracts in February (February 2017: 3,140 contracts).
In February, EEX admitted Energy Global Handel BV, Rotterdam as a new trading participant. Arrow Futures (UK) Ltd, London was recognised as new Non-Trading Broker. Furthermore, the admission of Dolomiti Energia Trading SpA, Trento (Italy), was extended to the spot market for emission allowances.

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