Total monthly trading volume on the EEX Group global power markets exceeded 1,000 TWh for the first time in February 2024, with 1,067 TWh traded over the month, which represents a 66% increase year-on-year.

Volumes on the European power spot markets grew by 26% YoY, reaching 67.1 TWh. European power derivatives volumes more than doubled YoY, with a 108% growth to 614 TWh. The EEX Nordic power markets recorded a substantial growth compared to last year, followed by significant volume increases on the Swiss, Spanish, Belgian and French markets. The German and French power futures markets also registered record monthly volumes. The Japanese power futures market had another record month with 6.6 TWh, a 176% growth YoY.

EEX Group’s natural gas markets comprising both derivatives and spot markets continued a steady growth of 5% YoY (608.1 TWh), with continued significant increases in the UK gas spot and derivatives markets (NBP) as well as the Italian gas derivatives markets (PSV) YoY.

February 2024 also marked significant records at the EEX Group’s agricultural markets, with the European dairy futures market registering a record 8,185 contracts, a 110% increase year-on-year. This growth comprised a notable 129% expansion in butter futures, and 130% rise in skimmed milk powder (SMP) futures.

EEX Group’s freight markets continued their growth on a month-on-month basis, with 106,470 lots registered in February 2024, from 102,406 lots in January.