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Germany's power rethink sharply cut 2012 EEX trade
2013年1月14日 / 中午11点36分 / 5 年前

Germany's power rethink sharply cut 2012 EEX trade

FRANKFURT, Jan 14 (Reuters) - A major shift towards greener
energy in Europe's largest power market and a tighter regulatory
climate sharply cut electricity derivatives trade on Germany's
EEX last year, the exchange said.
    Trading volume fell 13 percent as traders grew reluctant to
take long-term positions.  
    A total of 931 terawatt-hours (TWh) of power derivatives
were traded on the exchange in 2012, compared with 1,057 TWh the
previous year.  
    "Participants were increasingly active in short-term
maturities while concluding fewer long-term deals," the
Leipzig-based bourse said in a statement. But it added that the
months of November and December had already shown some recovery.
    But within the total volume, the decline in annual futures,
the benchmark products, by 22 percent over the year was
contrasted by an increase by 18 percent in daily, weekly,
quarterly and monthly products.
    Also, short-term power trading on the EPEX Spot exchange,
which the EEX created together with French partner Powernext in
2009, rose 9.2 percent last year over 2011 in the most liquid
German and Austrian market segments. 
    Exchange-based gas trading in Germany, Europe's
second-biggest gas market after Britain, was introduced six
years ago on the EEX and grew by 29 percent year-on-year to 75.4
TWh, if  both spot and forwards are counted in.
    Bourse trading is still small relative to overall usage of
873 TWh of gas in Germany.
    But in order to try and boost this share, EEX will create a
pan-European gas market with French Powernext SA in early
    Carbon emissions rights trade grew after the award to the
EEX of the role of a transitory platform for European emissions
rights auctions and on behalf of some EU member states. Its CO2
market segment jumped 139 percent to 254.6 million tonnes.
    EEX is majority owned by German-Swiss Eurex, the derivatives
unit of Deutsche Boerse. 
    Below is an overview of the exchange's 2012 trading volumes.
                            2012        2011        Yr-Yr change
 Power derivatives          931          1,075   TWh    -  13   
 EPEX Spot (incl. Intraday) 339            314   TWh    +   8  
 Gas                         75.4           58.6 TWh    +  29   
 Carbon emissions           254.6          106.7 mln T  + 139

 (Reporting by Vera Eckert, editing by William Hardy)

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