Latest news with #E-World
Reuters
12-02-2025
- Business
- Reuters
EEX gets new members as more over-the-counter trading comes on board
ESSEN, Germany, Feb 12 (Reuters) - European energy exchange EEX ( opens new tab expects strong volume growth in 2025 as more market participants join to hedge renewables and tap into the exchange's clearing functions, its chief executive said during the E-World trade fair. The exchange recorded 37% year-on-year growth in volumes of its flagship European power futures in January, which had grown 63% across 2024, CEO Peter Reitz said in an interview with Reuters. "There are two drivers: new members and more over-the-counter (OTC) market volumes shifting to the exchange," Reitz said. He said that the volatility of wind and solar electricity production was creating short-term supply risks, and thus hedging needs, also noting increasing digitisation resulting in algorithmic trading. Some 60 companies joined the EEX in 2024 to make a total of 950. Reitz heads the 25-year-old wholesale trading platform which contributes 10% to the turnover of its parent Deutsche Boerse ( opens new tab. He said EEX will widen its lead over the over-the-counter business. "There is a move to the Deutsche Boerse ( opens new tab clearing house, away from uncleared brokerage trades...I see the shift continuing," Reitz said. The EEX increased its market share in German power futures to 85% in 2024 on the exchange from 81% a year earlier, with the remainder OTC, he said. Since the 2008 financial crisis, OTC customers have been turning more to regulated marketplaces to comply with European Union financial rules, reduce counterparty risks, and try to save money on fees bundled across products and regions. EEX will offer new "Mon-Sun Peak Power Futures" in Spain later this month to account for southern Europe's rising solar generation, Reitz said. EEX overall electricity trading volumes rose 43% last year to 12,371 terawatt hours (TWh). January volume was up 37% at 1,188 TWh. Asked for a volume forecast for 2025, Reitz declined, pointing to hard-to-gauge geopolitical risks and varying energy mixes.
Bloomberg
11-02-2025
- Business
- Bloomberg
EU May Need 350 Extra LNG Cargoes to Replenish Reserves, Equinor Says
Europe may need to attract as many as 350 extra cargoes of liquefied natural gas this year to refill its quickly depleting storage facilities, according to one of the region's top suppliers of the fuel. In a worst-case scenario, European gas reserves could be only 30% full by the end of the winter, said Helge Haugane, senior vice president for gas and power at Equinor ASA, during an interview at E-World in Essen, Germany.
Reuters
10-02-2025
- Business
- Reuters
EnBW head urges speed on new German power plant plan
ESSEN, Germany, Feb 10 (Reuters) - Germany's next government must pick up a stalled draft law on the development of new gas-powered generation capacity quickly, the head of major utility EnBW ( opens new tab said at an industry event on Monday. EnBW is one of a number of companies wanting to build new power stations, along with Uniper and STEAG. A bill for the construction and modernisation of 12.5 gigawatts (GW) of gas power plants was dropped by the now dissolved government coalition last year as it could not reach consensus internally, and with the industry, on its details. A general election is scheduled for February 23, with coalition talks likely to follow as polls suggest no party will have an absolute majority. Any new government "must decide on the power plant strategy," said Georg Stamatelopoulos, CEO of the south-western company that provides services such as power and gas and electric mobility infrastructure, on the sidelines of the E-World conference in Essen. "The message has been received that it must be quick," he added. Stamatelopoulos said the industry needs clarity on an accompanying market design by 2027/28 so that power generators can compete in government tenders to build new capacity. EnBW estimates 20 GW of new capacity are needed up to 2030 to safeguard system stability on the power grids, which by that stage should receive 80% of their supply from wind or solar panels, while carbon-polluting coal plants are being shut.
