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In April 2016, a total volume of 42.6 TWh was traded on EPEX SPOT Day-Ahead and Intraday power markets (April 2015: 47.1 TWh).
Day-Ahead markets
In April 2016, power trading on the Day-Ahead markets on EPEX SPOT (including APX) accounted for a total of 37,498,482 MWh (April 2015: 42,164,865 MWh).
Prices in Central Western Europe, connected within the Multiregional Coupling, converged 57% of the time (April 2015: 5%). This is the highest price convergence since September 2012.
Intraday markets
On the EPEX SPOT Intraday markets (including APX), a total volume of 5,111,253 MWh was traded in April 2016 (April 2015: 4,929,345 MWh).
Monthly records were reached on the Austrian Intraday market as well as on the German 15-minute call auction.
In April, cross-border trades represented 24% of the total continuous Intraday volume in Germany, France, Austria and Switzerland. 15-minute contracts represented 11% of the volume traded on the German, Austrian and Swiss continuous Intraday markets.
More details on volumes and prices are available in the enclosed report on pages 3 and 4.
New members
In April, EPEX SPOT welcomed C.V.A. Trading S.r.l. a.s.u. as a new member to the exchange. C.V.A. Trading joined the Swiss Day-Ahead market. BTG Pactual Commodities (Switzerland) SA extended its existing EPEX SPOT membership to the Power UK market, RWE Supply & Trading GmbH to Swiss Intraday and Northpool B.V. to the French Day-Ahead auction.
Please find further details on the volumes and prices below:
Volumes
| Power Spot Volumes | Monthly volume MWh | Monthly volume – previous year MWh |
|---|---|---|
| Total | 42,609,734 | 47,094,210 |
| Day-Ahead | 37,498,482 | 42,164,865 |
| Day-Ahead DE/AT/LU | 19,506,076 | 22,760,344 |
| Day-Ahead FR | 8,663,221 | 8,348,961 |
|
Day-Ahead UK total - Day-Ahead Auction UK - Half-Hour 15:30 auction UK |
2,841,193 2,645,064 196,129 |
3,781,688 3,689,291 92,396 |
| Day-Ahead NL | 2,991,747 | 3,429,923 |
| Day-Ahead BE | 1,437,364 | 1,800,515 |
| Day-Ahead CH | 2,058,881 | 2,043,435 |
| Intraday | 5,111,253 | 4,929,345 |
|
Intraday DE/AT total - hourly continuous DE - 15-min continuous DE - 15-min call auction DE - hourly continuous AT - 15-min continuous AT |
3,298,978 2,390,097 311,999 412,639 172,786 11,457 |
3,064,089 2,274,710 369,695 356,016 63,669 0* |
| Intraday FR | 359,814 | 318,145 |
| Continuous UK | 1,089,688 | 1,269,444 |
| Intraday NL | 118,756 | 88,215 |
| Intraday BE | 78,805 | 83,991 |
|
Intraday CH total - hourly continuous - 15-min continuous |
165,213 158,159 7,053 |
105,460 102,305 3,155 |
* Segment launched in October 2015
Prices and Indices
| Price – monthly average (Base / Peak**) Price/MWh |
|
|---|---|
| Day-Ahead DE/AT – PHELIX | €24.21 / €26.92 |
| Day-Ahead FR | €25.48 / €29.45 |
| Day-Ahead UK | £33.48 / £36.73 |
| Day-Ahead UK Half-Hour | £32.98 / £36.13 |
| Day-Ahead NL | €25.32 / €28.74 |
| Day-Ahead BE | €25.43 / €29.67 |
| Day-Ahead CH – SWISSIX | €25.26 / €29.00 |
| European Electricity Index – ELIX | €23.38 / €26.80*** |
| Intraday DE/AT (hourly continuous) | €23.99 / €27.03 |
| Intraday 15-minute call auction DE | €24.15 / €27.04 |
| Intraday FR | €25.22 / €29.70 |
| Intraday NL | €26.75 / €30.17 |
| Intraday BE | €26.79 / €30.98 |
| Intraday CH (hourly continuous) | €24.93 / €28.82 |
** Peak excl. weekend
*** calculated on the orders of DE/AT, FR & CH under the assumption of unlimited transmission capacity between the markets
The European Power Exchange EPEX SPOT SE and its affiliates operate physical short-term electricity markets in Central Western Europe and the United Kingdom. The creation of a pan-European power market is what defines EPEX SPOT’s mission. In 2015, its 280 members traded 566 TWh – a third of the domestic consumption in these eight countries. 49% of its equity is held by HGRT, a holding of transmission system operators. EPEX SPOT is part of EEX Group. For more information, please visit www.epexspot.com.
