PEGAS Markets Set New Records in November

PEGAS Markets Set New Records in November
Product offering extended by 1 MW spot and derivatives products

Leipzig, Paris, 5 December 2013

PEGAS, the natural gas platform established by the European Energy Exchange (EEX) and Powernext, announced that a total volume of 27.8 TWh was traded on the platform and cleared by European Commodity Clearing (ECC) in November 2013. This represents an increase of 24 % in comparison to 22.5 TWh traded in October.

Spot Markets

Overall, trading volumes on the Spot Markets achieved their best month with 19.3 TWh in November 2013 (+27% compared with 15.2 TWh in October). The German spot markets (GASPOOL and NCG market areas) registered a volume of 8.6 TWh (+47 % compared to 5.8 TWh in October 2013). The volume in the French spot markets (PEG Nord, PEG Sud, PEG TIGF market areas) amounted to 8.8 TWh which constitutes a new monthly record (previous record 7.7 TWh registered in October 2013). A new daily volume high of 1,160,280 MWh was registered on the PEG Spot markets on 8 November (previous record: 847,150 MWh on 1 November). The Dutch TTF Spot Market achieved a monthly volume of 1.9 TWh. Furthermore, in November trades were concluded on all Spot spread products for the first time for a total volume of 3.8 TWh.

“On the Spot Market, we see a strong development in all market areas. Also our product innovations are well received by the market. For example, in quality-specific gas products, EEX recorded a volume which was more than 4-fold the volume of the previous month”, commented Peter Reitz, CEO of EEX. The volume traded in German quality-specific gas products in November amounted to 784,233 MWh compared with 178,905 MWh in October.

Derivatives Markets

In November 2013, trading volumes on the PEGAS Derivatives Markets amounted to 8.5 TWh (+16 % compared to 7.3 TWh traded in October). The German Futures markets (GASPOOL and NCG market areas) recorded a volume of 3.9 TWh. In the French market areas, a total of 2.1 TWh was traded on PEG Nord and PEG Sud Futures. With 2.5 TWh traded in November, a new monthly record was reached on the TTF Futures market (previous record: 1.6 TWh in October 2013). 

“The new PEG Sud Futures market has been able to introduce necessary transparency in a tense physical situation. The development of the Futures on the TTF, NCG and GASPOOL hubs has been significant and we see huge potential on all Derivatives markets”, said Jean-François Conil-Lacoste, CEO of Powernext.

Starting on 28 November, new 1 MW products are available for trading on PEGAS for all EEX and Powernext markets. The smooth transfer of EEX’s 1 MW contracts onto PEGAS on 28 November ends the migration process for all EEX products. 

About PEGAS – Pan-European Gas Cooperation:

PEGAS is a cooperation between the European Energy Exchange (EEX) and Powernext. In the framework of this cooperation, both companies combine their natural gas market activities to create a pan-European gas offering. Members benefit from one common Trayport gas trading platform with access to all spot and derivatives market products offered by the two exchanges for the German, French and Dutch market areas. Furthermore, spread products between these market areas are tradable on the same trading platform. 

About EEX:

The European Energy Exchange (EEX) is the leading European energy exchange. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.

About Powernext:

Powernext SA manages complementary, transparent and anonymous energy markets. Powernext Gas Spot and Powernext Gas Futures were launched on 26 November 2008 in order to hedge volume and price risks for natural gas in France and in the Netherlands. Powernext manages the National Registry for electricity guarantees of origin in France since 1 May 2013. Powernext owns 50 % in EPEX SPOT and 20 % in EEX Power Derivatives.

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