FRANKFURT, April 13 Reuters The volumes of EEX39;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 year39;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 subsidiary said in an interview with Reuters.

As reasons behind the trends, Reitz cited postCOVID19 demand for energy, operators opting for the exchange39;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

Source Reuters