DEVELOPMENT OF CEEGEX AND THE HUNGARIAN GAS MARKET

BUDAPEST, SEPTEMBER 28, 2018

WHY ARE PEOPLE TRADING ON CEEGEX?

Market update

Advantages of CEEGEX

Connects the buyers and the sellers

Organized market with standardized products

Reliable prices

Short term products for effective & easy balancing

Enabling efficient utilization of the existing infrastructure

WHAT HAPPENED IN 2018?

Several new international players

2017 spot traded volumes tripled by the end of September 2018

Development of the trading environment (pre-trade limit check)

296

903940

684 675

425 438

757

649

-

100

200

300

400

500

600

700

800

900

1 000

January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018*

CEEGEX monthly traded volumes (GWh)

MEMBERS

8 new members joined in 2018:MFGK Austria GmbH

ČEZ, a.s.

MBA International Trading Kft.

Vitol Gas and Power B.V.

Alpiq Energy SE

Budapesti Erőmű Zrt.

MOL Commodity Trading Kft.

OMV Marketing & Trading GmbH

4

8 8 8 8 8

11

14 15

22

25

29

0

5

10

15

20

25

30

35

2013H1

2013H2

2014H1

2014H2

2015H1

2015H2

2016H1

2016H2

2017H1

2017H2

2018H1

2018H2*

CEEGEX Spot Members

*As of 26 September 2018

CEEGEX Market Makers (2)

CEEGEX Members (29)

TRADED VOLUMES (2018)

*As of 21 September

79 75 81 5934

10 23

134

416381

590

132

296

903940

684 675

425 438

757

649

0

100

200

300

400

500

600

700

800

900

1 000

GW

h

CEEGEX monthly traded volumes (GWh) 2017 WD: 456 GWh, DA: 1,6 TWh

2018 WD: 771 GWh, DA: 4,9 TWh*

CEEGEX TRADED VOLUMES PER PRODUCT

-

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

900 000

1000 000

January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September2018*

Traded volumes per product (MWh)

Within-day Day ahead Weekend Saturday Sunday Holiday*As of 25 September

TRADED VOLUMES ON HUNGARIANTRADING PLATFORMS

Source: http://tradingplatform.fgsz.hu/hu-hu/adatok

18

127167

27 8 6 16 17

296

903940

684 675

425 438

757

-

100

200

300

400

500

600

700

800

900

1 000

January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018

FGSZ TP. vs CEEGEX monthly traded volumes (GWh)

FGSZ TP CEEGEX

MARKET SHARE ON CEEGEX

Share of traded volumes by companies 2018 January - August

MARKET SHARE ON DAY AHEAD AND WITHIN-DAY PRODUCTS

Day Ahead Within-day

ACTIVE HOURS ON CEEGEX

0

100

200

300

400

500

600

700

800

900

1000

8 9 10 11 12 13 14 15 16 17 18 8 9 10 11 12 13 14 15 16 17 18

2017 2018

Num

ber

of

deals

Hourly distribution of spot deals

AVERAGE VOLUMES OF TRADES CONCLUDEDON CEEGEX

0

200

400

600

800

1000

1200

1400

MW

h

Monthly average spot volumes/deal (MWh)February 1st 2016 - August 31st 2018

Number of deals Monthly average deal size (MWh)

Source: www.ceegex.hu and Thomson Reuters Eikon

CEGH – CEEGEX DA PRICES

-2

-1,5

-1

-0,5

0

0,5

1

1,5

2

15

17

19

21

23

25

27

29

31

33

35

Euro

CEEGEX DA CEGH DA CEEGEX-CEGH monthly average spread 0

GOALS FOR THE REST OF THE YEAR

Reaching 8 TWh spot traded volumes by the end of 2018

New members (32 new members by the end of 2018)

Updating the Market Rules

Extended trading days for Day Ahead and Weekend products from 2019