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EEX Gas & Sustainability Markets Newsletter | April 2023 |  |
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| | | Dear Customers, Partners and Friends of EEX,
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| Platts recently reported: Both the Dutch TTF and UK’s NBP front-month contracts reached lows last seen in December 2021. We can neither say that our gas markets are “out of the woods” nor that the risk of supply is averted. However, we are seeing strong indications that the market situation is calming down.
We at EEX welcome these developments. Extreme volatility and price spikes are a challenge for our trading and clearing operations, but even more for the economy and consumers. As far as our operations are concerned, we are proud to have provided both stability and security over recent months.
EEX has consistently voiced its concerns about the gas price cap (Market Correction Mechanism) and continues to be concerned about the possible implications of such a price cap. We´ve partnered with all stakeholders involved: clients, regulators, associations. We, at EEX, have held countless talks to ensure security, stability, and to provide feasible solutions to manage the new regulation. I would like to say thank you to all who contributed, for all your thoughts, your time, and passion!
Acknowledging that a price cap has a legal basis with the Council’s regulation, we have fully embraced the given situation and are well prepared. We have taken comprehensive measures to deal with the situation and to continuously offer our participants trading on the TTF – even though the prices are way below the threshold, where the market correction mechanism would kick in. You will find detailed information on the Market Correction Mechanism, combined with a request: Please approach us and share your concerns, ideas and wishes with us. We will master this situation best together - just like our claim: Building markets together.
And maybe this storm will pass us - let’s keep our fingers crossed. Enjoy the newsletter!
Kind regards,
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| Steffen Köhler
| COO | EEX
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New Website: H2
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| With our new website on our products and services around the topic of hydrogen, we contribute to the increasing importance of this energy carrier. Did you know, for example, that more than 100 companies from 10 countries are already working on the future of the hydrogen markets in our working group?
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NBP – End of Day
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| EEX AG is extending its End of Day Index (EEX EOD) to NBP. From 23 March 2023, the NBP EOD will be published alongside all other market areas – more transparency and trustworthy reference prices for the UK market area. And the best is yet to come: EEX will also extend the EGSI for the NBP at a later stage.
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Conexus
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| Grexel, an EEX Group member, was selected to develop the Latvian registry for certificates of origin for Conexus Baltic Grid AS, the unified natural gas transmission and storage system operator. As an EECS compatible biogas registry, the cooperation is one of the first of its kind in Europe and we’re very excited to be part of this pioneering work.
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E-World – Trading Forum
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| EEX - the new market leader in the UK gas spot market: With a market share of 29 % of trading in the spot markets at National Balancing Point (NBP), EEX is the new reference in the United Kingdom.
The development started literally from zero: With less than one traded TWh in Q1 2021, the volume rose to 14 TWh and more than 5,000 trades in December 2022. Check out our market review and EEX volumes for every VTP in monthly volumes of January.
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FOR ALL VIDEO CONTENT - MAKE SURE TO CHECK OUT EEX TV
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