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EEX: Increase in trade volumes continued in 2008

Power Spot Market grew by almost 25 percent

(PresseBox) (Leipzig, ) European Energy Exchange AG (EEX) has continued the positive trend in trading and concluded the year 2008 with yet another increase in its volumes both on the Spot and on the Derivatives Market. The trade volume in power increased to 1,319 TWh, which corresponds to a gain of 3.6 percent as against the previous year (1,273 TWh).

The trade volume on the Power Spot Market displayed a particularly good development; it increased by 24.8 percent to 154.4 TWh in 2008 compared with 123.7 TWh during the previous year. On average, the Spot Market prices (Phelix Day Base) amounted to EUR 65.76 per MWh during 2008 as against EUR 37.99 per MWh in 2007.

The trade volume on the Power Derivatives Market increased slightly - from 1,150 TWh during the previous year to 1,165 TWh in 2008. The volume for derivatives trading also comprises 887 TWh from OTC clearing. On 23 December 2008, the base load for the year 2009 (Phelix Base Year Future) was quoted at EUR 56.21 per MWh on the Power Derivatives Market. Peak load for Germany for the year 2009 (Phelix Peak Year) was quoted at EUR 79.60 per MWh.

EEX launched exchange trading in natural gas in July 2007. The volume traded on the Spot Market for natural gas (GUD and NCG market areas) amounted to 1,169,780 MWh in 2008 (from July until December 2007: 404,670 MWh). A total of 16,340,980 MWh was traded on the Derivatives Market for natural gas (GUD and NCG market areas) last year (from July until December 2007: 3,697,920 MWh).

The result on the EEX Spot and Derivatives Market for European Emission Allowances (EUA) more than tripled compared with the result achieved in the previous year. In 2008, a total volume of 78,297,504 EUA was traded compared with a total volume of 22,679,143 EUA in 2007.

On 26 March 2008, the possibility of trading CER-Futures (Certified Emission Reductions), was introduced on EEX in the framework of the cooperation in emissions trading between EEX and Eurex. In the year 2008, the trade volume in this new product amounted to 2,440,000 CER.

In the course of the year 2008, the number of trading participants increased from 191 to 217 companies from a total of 19 countries. As a result, 26 new trading participants were admitted to trading on EEX.

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