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EEX Gas & Sustainability Markets Newsletter | September 2024 |  |
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| | | Dear customers, partners and friends of EEX,
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| During the last two months, we had the pleasure to interact with around 80 gas exchange traders at our Gas Working Committees in Paris, London, Madrid, Milan and Vienna. It was a great opportunity to discuss how we can further develop our offering in line with market needs, examine current market trends and exchange ideas on new initiatives. Many thanks to all of you who participated in our WoCos!
In particular, we are pleased about the positive feedback that we have received on the rising liquidity in our NBP spot market. Over the past two years, trading activity in this market has picked up significantly and we are proud to say that our market share has grown from less than 10% to 40% in two years. Thank you for the trust you place in us. We are convinced that our unique offering combined with high capital efficiency will continue to attract additional trading on our platform.
On the derivatives market, we see very positive developments in bid/ask spreads in the TTF, THE, PEG and VTP markets, where spreads have tightened significantly across all maturities. As an example, the bid/ask spread has tightened by almost 75% in only one year in the THE Front Month Future - a very promising signal!
We believe that our continued efforts and investment in our offering will lead to further positive developments. In today’s newsletter, we would like to provide you with an overview of our latest initiatives and updates from our markets. Enjoy reading.
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| Steffen Köhler
| COO | EEX
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Beyond Gas: GO Futures
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| EEX, in collaboration with IncubEx, is introducing exchange-traded, cleared and physically delivered Guarantees of Origin (GOs) Futures in Europe from 2 September 2024. GOs have been increasing in importance with both supply and demand growing, driven by renewable energy policies and demand from corporations to use GOs as the means to reaching decarbonisation targets. Our GO Futures are standardised derivatives contracts, listed on a regulated market, and will contribute to bringing price transparency to this new market. To learn more, join our webinar on 19 September 2024.
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| > Click here to join
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Harmonisation of Belgian trading setup
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| On 1 September 2024, ZTP became the unique natural gas trading hub for the BeLux area, representing a key milestone for the region.
This change results from the ZEE/ZTP zone merger which took place on 1 October 2023 and from the decision to exclusively deliver H-gas to Belgian and Luxembourgian end users from 1 September 2024.
Geoffroy Hallaux, Service Developer at Fluxys, comments: “The long-lasting and trustworthy relationship between Fluxys and EEX AG has allowed the smooth handling of the recent simplification of the Belgian market, by delisting the EEX ZEE and EEX ZTP L natural gas contracts from the exchange. Thanks to our good cooperation, ZTP is now the unique market area in Belgium and Luxembourg.”
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New: Daily reports for withheld payments in the Spanish gas market
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| In line with regulatory requirements, ECC withholds payments from gas market sales in Spain to prevent fraud in the market. With the new release of our clearing system SMSS at ECC, we are introducing a new report to create more transparency about the payments that are currently withheld. As of 1.10.2024 all customers trading on the Spanish gas market will receive a daily report for the withheld Spanish gas market trades. These new reports will include data similar to the existing trade and payment reports.
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| > More information
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New position limits for TTF Futures
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| The Dutch Authority for the Financial Markets (AFM) has published new spot month position limits and other month position limits for TTF natural gas derivatives contracts, including the physically settled natural gas derivatives contracts listed on EEX, in line with MiFID II requirements.
On the AFM website, you will find more information on the regulatory background as well as the limit details.
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| > AFM website
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FOR ALL VIDEO CONTENT - MAKE SURE TO CHECK OUT EEX TV
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