The total trading volume on the European Energy Exchange (EEX) natural gas market amounted to 7,388,020 MWh in November.

The spot market accounted for 3.474,450 MWh and the derivatives market for the other 3.913,570 MWh.

The daily reference price on the spot market for natural gas ranged between EUR26.44/MWh and EUR28.41/MWh.

The European Gas Index (EGIX), published by EEX, displays the current market price for natural gas deliveries in the following month. For December delivery, the EGIX Germany reference price was fixed at EUR27.40/MWh.

For emission allowances, a total volume of 62,301,000 tonnes of CO2 was traded in November. A volume of 44,862,000 tonnes of CO2 derived from the primary market auctions. On 13 November, EEX carried out the first “early auction” of EU Emission Allowances (EUA) for the third trading period on behalf of the European Commission and the 24 participating member states.

The volumes traded in emission allowances were as follows:

EUA Spot Market – 47,649,000
EUA Derivatives Market – 14,448,000
CER Derivatives Market – 204,000

In secondary trading, the daily settlement price on the EUA Phase II Spot Market ranged from EUR5.31 per EUA to EUR9.06 per EUA.

On the EUA derivatives market, the daily settlement price in the front year contract (Dec-2012) varied between EUR6.22 per EUA and EUR9.08 per EUA.

In November, EEX admitted Dom Maklerski Consus and Gas Natural SDG for trading in emission allowances. EWE Trading was admitted on the spot market for emissions allowances and natural gas. MVM Partner Zrt was admitted to trade on the derivatives market for power and emission allowances.