- Exchanges' revenue grew 16% in 2024 over 2023
- It now has 950 active participants worldwide
- Expanded trading offerings with new power contracts
- To introduce EU ETS-2 contracts in July
FRANKFURT, April 28 (Reuters) - The European Energy Exchange's (EEX) revenue rose 16% last year, mainly driven by higher electricity trading volumes in its European, North American and Japanese markets and with new international trade participants joining, it said on Monday.
With 80 new participants joining last year, there are now 950 members active in power, gas, environmental products, freight and agriculture, as well as related clearing services on the EEX.
Last year's revenue grew to 669.9 million euros ($760 million) from 575.6 million euros in 2023, said EEX, which grew out of a Germany-based electricity bourse founded 25 years ago and is a part of Deutsche Boerse. Adjusted net income rose 15% to 241.9 million euros.
"It's inspiring to see the continued significant volume growth across our markets," EEX CEO Peter Reitz said. "This year, we will expand our position as the leading global power trading platform."
Revenue from European power derivatives in 2024 rose 58% to 194.0 million euros, while spot power market revenue was up 18% at 102.2 million euros, the EEX reported.
"It's inspiring to see the continued significant volume growth across our markets," EEX CEO Peter Reitz said. "This year, we will expand our position as the leading global power trading platform."
Revenue from European power derivatives in 2024 rose 58% to 194.0 million euros, while spot power market revenue was up 18% at 102.2 million euros, the EEX reported.
Reporting by Vera Eckert; Editing by Jan Harvey
Source: Reuters