PEGAS Platform Registers 209% Year-on-year Growth

PEGAS, the natural gas platform jointly established by Germany’s European Energy Exchange (EEX) and France’s Powernext, announced a year-on-year 209% increase in monthly traded volumes.  

The platform offers access to all spot and derivatives products offered by the two exchanges for the German, French and Dutch markets. It also launched the Belgian ZTP spot market and the new ZTP Futures market on 9 July 2014.  

‘Overal trading volumes on the Spot Markets amounted to 20.5 TWh in July, which constituted more than twice the volume traded in July 2013 (9.8 TWh),’ reads a note released on Monday.

The platform’s main spot market remains France, with a total of 7.3 TWh, followed by Germany with 7.2 TWh. The platform registered a strong jump for its operation in the Dutch TTF spot market, which grew from 1.0 Twh in July 2013 to 5.9 TWh.  

Speaking about derivatives markets, the main market became Germany, while France recorded a modest growth. 

‘The volume on the German Futures markets (GASPOOL and NCG market areas) reached 6.6 TWh (July 2013: 19 TWh). In the French market areas, a total of 3.7 Twh was traded on PEG Nord and PEG Sud Futures (July 2013: 2.3 TWh). The Dutch TTF Futures market registered a total volume of 15.0 TWh traded in July (July 2013: 0.7 TWh).’