In December 2014, a total volume of 37.2 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday power markets (December 2013: 31.6 TWh). Several market segments contributed to this upsurge which exceeds the previous record from March 2014 (33.4 TWh) by 3.8 TWh (+11.4%). In both Germany and France, record volumes on Day-Ahead and Intraday markets were registered, reflecting the trust of trading participants in the markets of the European Power Exchange.
Day-Ahead markets
In December 2014, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 34,032,645 MWh (December 2013: 29,141,566 MWh) and can be broken down as follows:
Day-Ahead volumes
Areas | Monthly volumes MWh | Monthly volumes – previous year MWh | Price – monthly average (Base / Peak*) Euro/MWh |
---|---|---|---|
DE/AT | 25,409,640 | 22,159,244 | 32.89 / 43.58 |
FR | 6,892,217 | 5,439,227 | 41.98 / 50.33 |
CH | 1,730,788 | 1,543,095 | 42.51 / 51.10 |
ELIX – European Electricity Index | 36.73 / 47.41 |
*Peak excl. weekend
Prices within the German and the French market, both coupled within the Multi-Regional Coupling, converged 28% of the time.
Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 3,166,034 MWh was traded in December 2014 (December 2013: 2,410,275 MWh).
Intraday volumes
Areas | Monthly volumes MWh | Monthly volumes – previous year MWh |
---|---|---|
DE/AT | 2,645,581 | 2,055,071 |
DE 15-min auction | 86,791 | 0* |
FR | 350,435 | 283,148 |
CH | 83,227 | 72,056 |
*Segment launched in December 2014
In December, cross-border trades represented 14.7% of the total Intraday volume. The volume in 15-minute contracts reached 344,174 MWh. In December, they represented 12.9% of the volume traded on the German and Swiss Intraday markets.
The European Power Exchange EPEX SPOT SE operates the power spot markets for Germany, France, Austria and Switzerland (Day-Ahead and Intraday). Together these countries account for more than one third of the European power consumption. EPEX SPOT also acts as market operating service provider for the Hungarian Power Exchange HUPX and operates the coupling between the Czech, the Slovak, the Hungarian and the Romanian markets on behalf of the local Exchanges. It is a European company (Societas Europaea) based in Paris with branches in Leipzig, Bern and Vienna. Over 220 companies from Europe are active on EPEX SPOT.