PEGAS, the natural gas platform formed by cooperation between the European Energy Exchange (EEX) and Powernext, announced that a total volume of 16.8 TWh was traded on the platform and cleared by the European Commodity Clearing (ECC) in August 2013. In the framework of this cooperation, EEX and Powernext combine their natural gas market activities to create a pan-European gas market.
Overall, trading volumes on the Spot Markets amounted to 10.4 TWh in August 2013. The German spot markets (market areas GASPOOL and NCG) recorded a volume of 3.6 TWh and in the French spot markets (market areas PEG Nord, PEG Sud, PEG TIGF) the traded volume amounted to 5.2 TWh. The Dutch spot market recorded a volume of 1.5 TWh.
On 28 August 2013, the EEX Spot Market products (Day-ahead and Within-Day) for the market areas GASPOOL, NCG and TTF have been successfully migrated onto PEGAS and the corresponding spread products have been activated. For the first time, location spreads have been traded between the EEX and Powernext market areas, amounting to a volume of 2,880 MWh until the end of the month.
In August 2013, trading volumes on the Derivatives Markets connected to PEGAS amounted to 6.4 TWh. The German Futures markets (market areas GASPOOL and NCG) recorded a volume of 2.4 TWh. In the French PEG Nord area, the traded volume amounted to 2.9 TWh while the TTF Futures market recorded a volume of 1.1 TWh in August.
Details on the natural gas volumes and prices are available in the enclosed monthly report.