EEX European Power Spot markets up 3 per cent in January

Submitted 05/02/2021 - 8:28am

The European Power Spot markets, operated by EPEX SPOT, increased by 3 per cent to 54.7 TWh in January, according to the latest data released by EEX. 

The increase was driven by a strong performance in both the Intraday (+2 per cent to 10.3 TWh) and the Day-Ahead markets (+3 per cent to 44.5 TWh) which also achieved a number of new records. Notably, the French Day-Ahead reported a new high of 11.8 TWh (previous record in March 2020: 11.7 TWh).

In European Power Derivatives, the Swiss (1.2 TWh), Nordic (766.3 GWh) and UK (251.4 GWh) markets reported triple-digit growth.

Over the last month, Power Options volumes quadrupled to 8.4 TWh (January 2020: 1.6 TWh) with Italian options reporting a new record volume of 222.9 GWh (previous record: 148.8 GWh).   

Japanese Power Derivatives also set a new record by registering a total volume of over 1 TWh in a single month for the first time since launch, exceeding the total traded volume achieved last year (May-December 2020).

The European Gas Spot market increased by 27 per cent and reached a new record of 172.9 TWh (January 2020: 135.9 TWh), exceeding the previous record set in May 2019 by more than 23 TWh (149.3 TWh). Multiple gas spot records were also achieved in various market areas, with the German NCG and GASPOOL, the Belgian ZEE and ZTP, and the Austrian CEGH VTP hubs all reporting unprecedented volumes.

In Gas Derivatives, the Italian PSV (663.3 GWh), the French PEG (3.2 TWh) and the CEGH CZ (296.8 GWh) hubs all recorded double-digit growth.

On the European Emissions markets, the secondary market rose by 51 per cent to 3.9 million tonnes of CO2 (January 2020: 2.6 million tonnes of CO2) while Emissions Futures increased by 71 per cent to 42.9 million tonnes of CO2 traded in January (January 2020: 25.1 tonnes of CO2).

On the EEX Freight markets, volumes doubled in comparison to last year, with 93,025 lots traded in January (January 2020: 47,239 lots).

In Freight Futures, volumes increased by 110 per cent to 75,735 lots (January 2020: 36,109 lots), while in Freight Options, volumes rose to 17,290 lots traded, achieving a y-o-y increase of 55 per cent compared to 2020 (11,130 lots).

In January 2021, the Agricultural products of EEX increased by 147 per cent to 4,789 contracts, driven by both the European Dairy Products (+268 per cent) and the Processing Potatoes (+81 per cent) segments.
 

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