EEX bourse set for more growth in 2022 after Q1 power, gas volume rise

European Energy Exchange AG

13/04/2022 09:00

FRANKFURT, April 13 (Reuters) - The volumes of EEX's
flagship power and gas futures products rose sharply in the
first quarter of 2022, the European Energy Exchange said on
Wednesday, adding that it expected 2022 volume growth and
financial results to past year's figures.
    "Our goal is to continue the growth of the EEX Group in 2022
and to surpass the successful year 2021," Peter Reitz, chief
executive of the Deutsche Boerse  DB1Gn.DE  subsidiary said in
an interview with Reuters.
    As reasons behind the trends, Reitz cited post-COVID-19
demand for energy, operators opting for the exchange's clearing
functions in uncertain geopolitical times, and the need to hedge
more prices volatilities within the trading day resulting from a
rising share of volatile renewable power.

 (Reporting by Vera Eckert, editing by Riham Alkousaa)
 ((vera.eckert@thomsonreuters.com; +49 30 2201 33654;
@EckertVera;))