EEX marks third anniversary of Japan Power

Steffen Koehler, COO of EEX, comments: “It’s been an honour to meet many of our customers and partners from the Japanese power market in person. As always, at EEX, we strive to develop our markets in collaboration with our local customers, by listening to their needs and recommendations. Together with our customers and market stakeholders, we aim to continue on this growth path and build further liquidity on this market.”

The continous growth on the Japanese EEX power derivatives market was further driven by the uptake in futures trading volumes in the first quarter of 2023, with 7.6 TWh traded between January and May, including February marking record volumes at 2.4 TWh. This already exceeded the total volume of 6.7 TWh for the full year of 2022 in just five months. Such large volumes have lifted the Japanese market to become the seventh most important market for EEX, within a relatively short time.

In order to further facilitate liquidity growth and to address the needs of this market, EEX recently announced the launch of a series of new products, to be available from 26 June. The new daily futures will allow for trading opportunities at the short end of the curve, driven primarily by market demand and renewable energy development, while the extension of maturities on monthly futures will support Japanese customers to better align their trading operations with the Japanese financial year starting in April.

Japan is the fourth largest power market in the world, with an annual consumption of around 900 TWh.