EEX November Trade in German, French Power Derivatives Rises 22%
European Energy Exchange AG, which merged its power business with Powernext SA of France in 2009, said November derivatives trading volume in the German and French electricity markets rose 22 percent from a year earlier.
A total of 92.9 terawatt-hours was traded and cleared in Europe’s two biggest markets last month, compared with 76.1 terawatt-hours a year earlier, the Leipzig, Germany-based bourse said today in an e-mailed statement.
Day-ahead electricity trading, handled by joint venture EPEX Spot SE, rose 16 percent to 27.7 terawatt-hours, EEX said. That covers Germany, Austria, France and Switzerland.
The German exchange was formed in 2002 by the merger of two regional bourses. Utilities, energy companies, banks and hedge funds trade electricity, natural gas, coal and carbon-emission contracts on the platform. Powernext was formed in 2001.
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