<p><span>Key developments in May</span></p>
<h3><span>Power </span></h3>
<ul class="content-list">
<li>The Power Spot markets, operated by EPEX Spot, increased by 3% in May 2021 to a total volume of 52.7 TWh (May 2020: 51.2 TWh). The Intraday markets mainly contributed to these results, registering a 27% growth to 10.6 TWh (May 2020: 8.4 TWh) and posting new records on the Austrian (416.8 GWh) and Dutch (471.6 GWh) markets.</li>
</ul>
By Vera Eckert
FRANKFURT (Reuters) – The European Energy Exchange (EEX) could double the number of participants in its Japanese power futures market from around 20 players in 2021, having traded over 3 terawatt hours (TWh) in its first 12 months, executives said.
Interest in wholesale trading was boosted by extremely cold weather early this year, which left Japanese retail suppliers undercovered, said Steffen Riediger, director for Power Derivatives at the EEX, a unit of Deutsche Boerse.
The harsh weather highlighted Japan’s reliance on gas imports for power, if nuclear and renewables do not provide enough supply.
“This demonstrated the rationale behind hedging supply gaps,” Riediger said in an interview. “It demonstrated the importance of futures, especially bourse-traded ones, which eliminate counterparty risks.”
EEX market leader in Japan power futures after first year reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
EEX To Expand Gas Portfolio With Launch Of Financial Gas Futures On European Gas Spot Index (EGSI) Date
04/05/2021
The European Energy Exchange (EEX) will expand its gas derivatives portfolio on the 28th June 2021 with the launch of Financial Gas Futures. The new contracts will be listed on the Dutch (TTF), Austrian (CEGH) and German (NCG – to be replaced by THE in October 2021) market areas and settled against the European Gas Spot Index (EGSI), the most credible and transparent gas price index in Europe.
As the No.1 gas spot exchange in Europe, EEX has continued to shape the gas spot market by offering a portfolio of customized products and services to physical players and infrastructure operators. Currently, EEX holds more than 60% of the market share in Europe’s largest gas spot markets (Netherlands, Germany, Austria and France). From this position, EEX has been able to provide its customers and the market with a robust and reliable price index: the EGSI (Europe