EEX Press Release - EEX establishes subsidiary in Japan

    Leipzig / Tokyo – 30 May 2024 - Marking the fourth anniversary of the launch of its fast growing Japan Power offering, the European Energy Exchange (EEX) announces the establishment of a subsidiary in Japan, in order to reinforce presence and strengthen ties with local stakeholders, including the trading community and authorities.

    Over the past four years, trading volumes in EEX Japan Power Futures have shown remarkable growth, with a total volume of 54 TWh traded up to date. In February 2024, a monthly record of 6.6 TWh was achieved, contrasting the total annual traded volume of 18.3 TWh in 2023, and the 2022 annual volume of 6.7 TWh. In addition, EEX’s market share on the Japanese power futures market has increased significantly, with a steady 96%-plus since July 2023.

    To mark the anniversary, EEX welcomed over 300 industry experts at a dedicated hybrid event in Tokyo.

    Steffen Koehler, COO of EEX, comments: “Japan is one of our most dynamically growing power derivatives markets. We are committed to supporting local and international market participants by strengthening our presence as well as substantially expanding our product portfolio, such as our recent launch of financially-settled JKM LNG Futures. Together with market participants, regulators and other stakeholders from Japan and around the globe, we will continue to build a liquid and transparent Japanese energy market.”

    Last year a series of new products was introduced to this market, including power daily futures, which made up almost one-quarter (23%) of all trades in the first four months of 2024. The Japanese power futures offering is expected to be further extended in line with growing demand.

    EEX also recently launched new TTF Natural Gas Month Futures denominated in US$/MMBtu, complementing the existing offering of the EEX JKM LNG Natural Gas Futures, aimed at the wider LNG markets.

    Japan is the fourth largest power market in the world, with an annual consumption of around 900 TWh. According to Japanese Institute for Sustainable Energy Policies (ISEP), about 30% of the total electricity generated in the country during 2022 came from LNG.

    The European Energy Exchange (EEX) is a leading energy exchange which builds secure, successful and sustainable commodity markets worldwide – together with its customers. As part of EEX Group, a group of companies serving international commodity markets, it offers contracts on power, natural gas and emission allowances as well as freight and agricultural products. EEX also provides registry services as well as auctions for guarantees of origin, on behalf of the French State.
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