Global Power Derivatives Newsletter | November 2025

Dear Customers, Partners and Friends,

Autumn is a busy time of the year for all of us and here at EEX we are just concluding a jam-packed few weeks before the holiday season.

As we value personal connection above all else, it was great to see so many of you at our recent workshops and gatherings in London, Milan, Paris, Tokyo and Singapore – just to name a few.

The season is not over yet as one of the most important annual events is approaching quickly – we are looking forward to meeting you in the Nordics, where we are excited to engage with the local trading community once again. Since our liquidity push started in September, we’ve observed a significant trading volume growth on this market, and we are keen to understand how to support all of you to achieve further heights. Please join us on 6 November in Copenhagen to learn more about what we offer!

Our other markets – old and new – are no less buzzing: volumes in Irish Futures started to grow, while our most liquid market, German power, receives new maturities and an incentive scheme until the end of the year.

in Japan, we’ve just welcomed 700+ from the energy community to discuss where the industry is heading to. We are keen to continue the growth path here and to underpin this commitment, we have been expanding our portfolio to meet all trading needs.

The momentum is here and we hope you’ll join our journey across our markets.

Enjoy our latest newsletter,

Steffen Köhler

CCO | EEX

EEX Nordic Power Update

The EEX Nordic power liquidity programme started with a noticeable growth in terms of traded volumes across our System Price and Zonal Futures, as well as Implied EPADs.

We already have market makers across our product portfolio and the number of active participants continues to grow.

Listen to our Sales Director, Tim Greenwood, summarise the achievements so far and talk through what lies ahead in the below video.


	Watch video

News from Japan

The EEX Japanese power derivatives market continues its steep growth with over 100 TWh already traded this year, including consistent monthly trading of the recently launched Japan Power Monthly Options.

To drive further expansion, we recently launched our new Fiscal Year Futures, which have been embraced by the trading community immediately, with trades on the first day of availability. Learn more.

We will continue to widen our offering with the launch of a new product suite dedicated to the Chubu area in December, subject to regulatory approvals. Chubu is an important industrial region in Japan, with the highest concentration of manufacturers. More information.

As we are committed to supporting the local community as well as the wider audiences, we've prepared a video on the basics of power derivatives trading, in collaboration with Baringa.

The video is only available in Japanese language.


	Watch the EEX - Baringa Power Trading Basics video

News from the EEX German Power Derivatives market


	The EEX German power derivatives market continues its growth path with a volume of close to 5,000 TWh traded already in 2025. To mark the end of the calendar year, we now have an incentive scheme open for our German Power Months contracts, rewarding the initiation of executed trades in the order books. In addition, we are extending the maturities to 24 months for German Base Month Futures and Options from December.


	German Power Months incentive scheme


	Learn more about maturities extension

Growth in Irish Futures


	A year after the introduction of the first cleared Irish Futures, we are delighted to see a growth trend in volumes with close to 200 GWh traded in 2025. We've seen significant trading activity over the past few months, which we expect to remain for the rest of the year.


	Our latest monthly volumes

Spark spreads


	New spreads are now available for more efficient price hedging on EEX, including combinations of spark spreads reflecting the difference between the wholesale power price and the cost of electricity production from natural gas.


	More about the new spreads

Meet us

Nordic Traders' Workshop & Reception |
Copenhagen | 6 November 2025

E-world | Essen | 10-12 February 2026

Updated EEX Market Data Hub

Our updated Market Data Hub is now available with new features and visualisation options. In addition to the new map view, we are now offering access to all settlement prices, indices and trading data for all EEX and PXE traded products for the past 45 days, as well as data for indices up to one year.

Visit our new Market Data Hub.

Read our FAQs.

Beyond Power Derivatives

Baltic-Finnish natural gas markets were introduced on EEX in September, offering spot and derivatives trading for the market areas Lithuania, Latvia-Estonia, and Finland. In addition, location spreads between these markets as well as between Baltic-Finnish and other European gas markets are now available. Learn more.

EEX will launch Wind-Hydro-Solar (WHS) GO Futures in December, covering both state-supported and non-supported GOs, subject to regulatory approval. The new contracts will allow the trading of GO Futures combining the three most frequently traded renewable sources, bringing an additional hedging opportunity. Learn more about GO Futures.

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