22 January 2025
CEGH VTP reached its third-highest trading volume in its history!
- On the CEGH VTP 699.87 TWh were nominated in 2024, a plus of 21.7% compared to 2023! The third best result in its history.
- 43 TWh were traded on the EEX CEGH Market Austria.
- On the EEX CEGH Czech Gas Market, 34.95 TWh were traded in 2024.
- CEGH GreenGas Platform reached astonishing increases in volume from 3 GWh in 2023 to 88 GWh in 2024 and in memberships by 167%!
In 2024, CEGH made important progress in supporting the decarbonization of the energy industry. The CEGH GreenGas Platform experienced significant growth, with membership numbers more than doubling and enabling CEGH to support a substantial amount of biomethane transactions.
Gas trading in Central Europe remained robust, with satisfying liquidity playing a crucial role in supporting trading members and customers while ensuring market stability in a challenging environment.
CEGH also marked 15 years of the Gas Exchange in Austria, a major milestone for both the company and the Energy Sector in Austria and internationally.
CEGH extends big thanks to all customers, partners and supporters for their trust and partnership!
CEGH VTP:
Nominated gas volumes at the CEGH VTP in 2024 reached its third highest volume with 699.87 TWh.
The average churn rate in 2024 was 5.29 with the highest amount in October when it reached the amount of 6.42 (the churn rate is a measure of liquidity and indicates how many times a MWh of natural gas is traded before it is finally physically transferred).
CEGH had 355 members by end of December, an astonishing increase of 36 members compared to 2024! This is a growth of memberships at the CEGH VTP by 11%.
EEX CEGH Austrian Gas Market:
On the EEX CEGH Market Austria a volume of 358.43 TWh was traded, 187.17 TWh of which were traded on the Spot Market and 171.26 TWh on the Futures Market.
The highest CEGHIX in 2024 was reached on 3 December with a value of 50.482 EUR/MWh and the lowest CEGHIX on 23 February with a value of 24.016 EUR/MWh.
By end of December, 194 members were registered on the Austrian EEX CEGH Gas Market, which is a plus of 30 members compared to 2023! This is a growth of memberships on the EEX CEGH Austrian market by 18%.
EEX CEGH Czech Gas Market:
On the EEX CEGH Czech Gas Market 34.95 TWh were traded.
On the Spot Market 19.76 TWh were traded, whereas the Futures Market contributed 15.20 TWh in 2024.
By end of December, 85 companies were registered on the EEX CEGH Czech Gas Market, which is an increase of 14 compared to 2023! This is a growth of members on the EEX CEGH Czech market by 20%.
CEGH GreenGas Platform and CEGH GreenHydrogen Index:
CEGH, which is committed to decarbonizing the gas industry, has further expanded its CEGH GreenGas Platform with connecting all European Union countries and Ukraine, Norway, United Kingdom, Turkey, and Switzerland which means offers and requests can be posted for these countries, with or without registry.
64 registered members are using this platform. This equals an increase of membership numbers on the CEGH GreenGas Platform by 166.6%. The members posted offers in the amount of roughly 88 GWh in 2024.
Furthermore, the CEGH GreenHydrogen Index was updated and adapted to the changed market conditions to remain a reliable benchmark for the pricing of green hydrogen.
If you are interested in more details, you can download the press release here: