The European Energy Exchange (EEX) wants to drive forward power trading in Europe and the development of a market for green hydrogen with new products. The aim is to expand its position as the leading global power trading platform and accelerate the energy transition, said EEX CEO Peter Reitz in Leipzig.
Last year, EEX once again achieved record sales and profits with more than 1,000 employees. Total revenue rose by 16 percent to around EUR 670 million, while the adjusted net profit for the year increased by 15 percent to just under EUR 242 million.
The main drivers were a significant increase in trading volumes on the European, North American and Japanese power markets and the expansion of the international customer network, said Reitz.
Power markets on course for growth worldwide
Power trading developed particularly dynamically. Trading volumes increased by 43 percent. Volumes quadrupled in the Japanese futures market in particular. Turnover on the European electricity futures markets grew by 58 percent to 194 million euros, and on the electricity spot market for short-term delivery by 18 percent to around 102 million euros. In Europe and Japan, the market shares are now over 80% each.
In the gas business, trading volumes remained at a high level in 2024. While revenue in gas futures trading rose by 5 percent to over EUR 30 million, there was a slight decline of 4 percent to just under EUR 71 million in the gas spot market.
New products and a boost for the energy transition
EEX announced the introduction of new products for the current year, including for the expanded European emissions trading system. This is considered the most important instrument of the European climate protection program. Companies, for example, have to buy pollution certificates if they emit carbon dioxide (CO2).
The exchange also wants to make a further contribution to the energy transition. It wants to lead the way with green hydrogen. The first auctions via a new trading platform are set to begin in 2026.
Green hydrogen is seen as a key energy carrier of the future, as it is produced using electricity from renewable energy sources and does not produce any greenhouse gases when used. It enables the conversion and storage of renewable energies and plays a key role in the energy transition.
For 25 years, the EEX has been organizing trading in electricity and gas - now also in CO2 certificates. A distinction is made between short-term contracts (spot market) and longer-term transactions (futures market).
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