
The volume of Japan power futures traded on the European Energy Exchange (EEX) grew nearly 300% in 2024 compared to 2023 according to a 2024 trading volume summary published by the exchange on January 14, 2025.
According to the published data, the trading volume surged from 18.3TWh in 2023 to 72.9TWh in 2024, making Japan power futures the second-fastest growing product in 2024 after UK natural gas futures. With that, Japan became EEX’s seventh most active power futures market after Germany, France, Italy, Spain, Hungary, and the Netherlands.
EEX started offering Japan power futures in 2020. While the Tokyo Commodity Exchange (TOCOM) has been offering Japan power futures from the previous year, EEX quickly overtook it. Currently, it holds an over 90% market share. Last year, the company established a Japan subsidiary and in February 2025 it plans to further solidify its position as the main exchange for trading Japan power derivatives by launching Japan power average price options.
In addition to EEX and TOCOM, Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) also offer Japan power futures, albeit with limited trading activity.