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EEX establishes Natural Gas Spot Market in the TTF Market Area

Leipzig, 21 November 2011

Since the end of May the European Energy Exchange (EEX) has established exchange trading with a high liquidity and a constantly growing number of trading participants in the Dutch TTF market area. From the launch on 30 May 2011 until 18 November 2011, in total 2,729,646 MWh (3,926 contracts) were traded via EEX for delivery into the TTF market area. 33 companies are admitted to trading within the TTF market area on EEX.

A large part of the trade volume was generated on the Within-Day Market during this period. In total, 2,318,430 MWh were traded here. The Day-Ahead Market accounted for 411,216 MWh. The Within-Day Product which EEX introduced for the GASPOOL and NCG market areas in March 2010 and expanded with the TTF market area at the end of May 2011, permits trading for the current gas delivery day and facilitates the integration of control energy trading on the exchange.

“The experience of EEX and the confidence of the trading participants from the exchange intraday markets which have already been established in the GASPOOL and NCG market areas contribute to the success of TTF trading. EEX offers traders, gas shippers and gas transport system operators standardised trading products which can be used for short-term optimisation and to efficiently compensate balance imbalances“, explains Oliver Maibaum, EEX Managing Director Exchange.

EEX Group also includes European Commodity Clearing AG (ECC), the central clearing house for energy and related products in Europe.

Ends --


See more at www.eex.com

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