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Global Power Derivatives Newsletter | September 2024 |  |
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Dear Customers, Partners and Friends,
We are now in the second half of the year, with no slowing down of trading volumes on our power derivatives markets. We are delighted with the record high daily volumes, growing order book activity and the large number of trades concluded across all our markets.
In addition to our core markets, the Nordics continues to be in the forefront, where we are committed to strengthening our presence on the ground. Here, we also want to support you with a fee holiday on transaction and clearing, as well as the connection our derivatives and spot markets with our Future-to-Spot services, so we can grow liquidity together.
The success of collaboration with the local trading communities has already been proven on our Japan power market, where we recently opened our newest subsidiary. This market goes from strength to strength, and we are very positive about market developments, especially the record monthly volume registered in August and the record daily traded volume just the other day.
Autumn is also the time to meet many of you at our annual local events in Paris, Milan, Singapore and beyond – always a highlight of the year! Our London reception was a success, and we are looking forward to more in-person discussions and debates over the coming months.
In the meantime, enjoy our latest newsletter,
Steffen Köhler
COO | EEX
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| | EEX power derivatives markets – volumes already exceed that of last year | |
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Traded volumes across the various EEX power derivatives markets continue the upward trajectory. Here are some of our recent highlights:
Highest ever daily power traded volume of 67.4 TWh recorded on EEX markets on 19 September
Inter-product spread volumes exceeded the total of 2023 by end of August 2024, with significant increase on the German-French, Italian-Swiss and German-Hungarian "borders"
Growing number of long-term deals in Spain, Italy and Germany - With over 10.5 TWh traded in these products this year, volumes exceeding that of the full last year
Our French power derivatives market reached a record traded volume of 125 TWh in June
Following a strong first half of 2024, August saw a record in monthly traded volumes on our Japanese power derivatives market and daily traded volume reached a record high of 0.89 TWh. Watch our H1 2024 Japan Power wrap-up here
Our Japan Power Daily Futures have been shortlisted for this year's FoW Asia Pacific Awards in the "New Contract of the Year" category
Watch our recent webinar for the latest updates on our power derivatives market.
Our expert power derivatives team publishes monthly market updates.
To view the latest report, click here.
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FOR ALL VIDEO CONTENT - MAKE SURE TO CHECK OUT EEX TV
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| | Updates from the Nordics | |
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Liquidity building on the Nordic power markets is a high priority for us this year. We aim to achieve this together, in collaboration with you.
Support for the wider trading community is of essence when developing markets, and for the Nordics, we have waived transaction and clearing fees until the end of the year, in addition to extending our Future-to-Spot service to the 12 Nordic power market areas to bring savings and cross-margining benefits.
We are also recruiting colleagues in the region - join us if you are also passionate about this market:
Senior Sales Manager (f/m/d) Nordic Power Markets (Oslo & Stockholm based)
In order to provide a more in-depth overview of market developments, we aim to start a weekly round-up with all essential information from the Nordics. To receive the update, please contact Steffen Riediger.
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Study on security of supply on the electricity market
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A recent study by Connect Energy Economics concluded that reliable electricity supply is possible through market incentives, given the right circumstances.
One of the conclusions states that if the legislator consistently organises the hedging obligation, suitable products for hedging price risks that take into account the value of security of supply will be traded on the power market. This will allow electricity producers to generate secure income to finance their investments.
The study was commissioned by the Association of Energy Market Innovators (BNE), the German Chamber of Industry and Commerce (DIHK) and EEX.
Read the study here [German only]
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Enhance your risk management with smart analytics
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| Having the right information available to manage risk effectively is vital. Participants not only need to know where the risk is across their portfolio, but also what’s driving changes to it.
This is especially true in the case of VaR breaches. Given the importance of identifying a VaR breach and it’s cause quickly, having all required information on-hand is critical.
Lacima, part of EEX Group, have put together a case study looking at effective risk management practices including how to identify and trace the cause of a VaR breach.
Watch as they walk through a real-world example using outputs from Lacima Analytics visualised in Microsoft Power BI to identify a VaR breach and drill down to uncover the cause.
> Watch video | > Explore dashboards
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Meet us
Milan Workshop & Reception | 26 September
Paris Workshop & Reception | 8 October
Athens Workshop & Reception | 17 October
Japan Power Summit | 23 October
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Singapore Workshop & Reception |
29 October
Copenhagen Workshop & Reception |
7 November
Dublin Workshop and Reception |
27 November
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Beyond Power Derivatives | |
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EEX, in co-operation with IncubEx, successfully launched Guarantees of Origin (GO) Futures in September. The total traded volume so far stands at 885,000 GOs. Learn more about our GO Futures here. Watch our webinar on the topic.
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| If you wish for your e-mail to be removed from EEX’s Newsletter mailing list, please send your request via e-mail to: unsubscribe@eex.com. If you wish to add recipients from your organization to EEX’s Newsletter mailing list, please forward this e-mail to the respective person(s) asking them to send a corresponding request via e-mail to: eex-group-news@eex.com. Recipients of EEX’s Newsletters may object to such usage of their e-mail and request the removal from EEX’s Newsletters mailing list via e-mail to: unsubscribe@eex.com at any time and free of charge.
© 2024 European Energy Exchange AG http://www.eex-group.com
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