EEX trading results and new admissions in December

(PresseBox) (Leipzig, ) Electricity trading volume on the European Energy Exchange (EEX) in December 2008 totalled 71.3 TWh, compared with 60.9 TWh in December 2007.

This includes 13,586,317 MWh (December 2007: 11,765,275 MWh) traded on the electricity Spot Market, where the average base load price (Phelix Base Month) for the month was 54.55 Euro/MWh and the peak load price (Phelix Peak Month) 73.42 Euro/MWh.

Intraday volume in December 2008 was 192,522 MWh (December 2007: 154,308 MWh).

On the Swiss electricity Spot Market December 2008 volume was 499,877 MWh (December 2007: 462,000 MWh). Trading volume in electricity derivatives in December 2008 totalled 57.7 TWh (December 2007: 49.1 TWh). This includes 43.7 TWh from OTC clearing. The Open Interest at 30 December 2008 was 323.7 TWh. The 2009 base load price for German electricity was fixed at 56.21 Euro/MWh on 23 December 2008 and the 2009 peak load price at 79.60 Euro/MWh.

A total of 1,426,000 EU Allowances (EUA) (1,386,000 EUAs December 2007) was traded on the EEX Derivatives Market in December. The 2009 contract was fixed at 16.12 Euro/EUA on 30 December 2008, and the 2010 contract at 16.64 Euro/EUA.

As of 26 March 2008, it is possible to trade CER Futures on the EEX (Certified Emission Reductions), global emission credits in accordance with the Kyoto Protocol.

In December a volume of 22,000 CERs was traded. On 30 December 2008, the 2009 contract traded at 13.78 Euro/CER and the 2010 contract at 13.65 Euro/CER. In December 2008, the total Spot Market volume for natural gas (GUD and NCG market areas) was 88,080 MWh (98,160 MWh December 2007). The Spot Market price for the delivery of natural gas ranged between 18.80 Euro/MWh and 26.50 Euro/MWh.

Volumes on the Derivatives Market for natural gas (GUD and NCG market areas) amounted to 778,470 MWh (394,010 MWh December 2007). On 30 December 2008, the open interest was 3,794,286 MWh. On 23 December 2008 natural gas prices for delivery in 2009 were fixed at 19.87 Euro/MWh (GUD) and 20.55 Euro/MWh (NCG), respectively.

EEX currently has 217 member companies from 19 countries. In December, EGL Deutschland GmbH, Leipzig, and EnBW Transportnetze AG, Stuttgart, were admitted to the EEX Spot Market. Technische Werke Ludwigshafen am Rhein AG, Ludwigshafen, was admitted for trading on the Spot and Derivatives Market. Within the EEX/Eurex cooperation in emissions trading The Kyte Group Ltd., London, was admitted to the Derivatives Market. Bear Stearns Securities Corp., New York, has cancelled its membership.

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