EEX Group Monthly Report – May 2020

    Key figures

    CommodityUnitMay 2020May 2019Change
    Power Spot Market EuropeTWh51502%
    Power Derivatives Market EuropeTWh31626917%
    Power Derivatives Market USTWh18216212%
    Power TotalTWh54948214%
    Gas Spot Market EuropeTWh113149-24%
    Gas Derivatives Market EuropeTWh62105-41%
    Gas Derivatives Market USTWh170n/a
    Natural Gas TotalTWh192254-25%
    Environmental Products EuropeMillion tonnes of CO27281-11%
    Environmental Products USContracts3,1174,650-33%
    Freight Productscontracts71,826 4,4001,532%
    Agricultural Productscontracts3,3892,92016%

    Please find the detailed figures attached to the press release.

    Key achievements in May

    Power

    • The growth of the Power Spot market was mostly driven by the Intraday market, which grew by 12% year-on-year to 8.4 TWh. Also, the Belgian intraday market hit a new record with 256,563 MWh traded over the last month (previous record: 224,127 MWh in March 2020). May was also marked by the successful launch of Intraday markets in the Nordic region by EPEX Spot and ECC. Launched on 26th May, these markets already reported 18,772 MWh at the end of the month.

    • Power Derivatives Market Europe achieved a double-digit growth to 315.6 TWh thanks to the great performance of the Hungarian, Spanish and French Futures. The latter reported 53.8TWh in May, which is the second highest volume ever traded in that market area.

    • In May 2020, Nodal Exchange continued to improve its strong position in the North American Power Futures markets with volumes growing by 12% year-on-year. The exchange also reached a new milestone: with over 1,000 TWh of open interest, Nodal has now the largest Power Futures Open Interest of any exchange in North America.

    • On 18th May, EEX successfully launched its new clearing offering for Japanese Power Futures. 11,760 MWh MWh were traded on the first day, paving the way for a long term developed market for Japanese Power Derivatives.

    Natural Gas

    With 16.7 TWh traded last month, Nodal Exchange – which was named Exchange of the Year 2020 by Energy Risk for the second year in a row in May – continued to build its solid position in the US. Indeed, the exchange reported two new records on both its Futures and Options segments, which registered 3.5 TWh and 13.2 TWh respectively (previous record for Gas Futures in September and October 2019 with 2.1 TWh; previous record for Gas Options in March and April 2020 with 293,071 MWh).

    Freight

    In May, EEX achieved another milestone in its Freight business. With 71,826 lots, Dry Freight contracts traded last month, the exchange has overtaken the historical market leader for the 1st time since launching, reporting a 50.5% volume share of the Dry Freight market, in addition to a 54% share in Open Interest. As a result of these achievements, EEX has become the No.1 Exchange in Dry Freight Trading worldwide.

    EEX Group provides market platforms for energy and commodity products across the globe and provides access to a network of more than 650 trading participants. The group offers trading in power, natural gas, environmental products, freight, metal and agriculturals as well as subsequent clearing and registry services. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, EEX Asia, Power Exchange Central Europe (PXE) and Nodal Exchange as well as the registry provider Grexel Systems and software company KB Tech. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing (ECC) and Nodal Clear. EEX Group is based in 17 worldwide locations and is part of Deutsche Börse Group.