Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

EPEX SPOT & EEX Power Derivatives: Power Trading Results In August 2012

Date 05/09/2012

In August 2012, a total volume of 26.5 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (August 2011: 25.0 TWh).

During  the  same  period,  the  volume  in  power  derivatives  trading  on  EEX  Power Derivatives amounted to 78.5 TWh (August 2011: 94.3 TWh).

Power spot markets in detail:

In August 2012, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 24,953,249 MWh (August 2011: 23,613,100 MWh) and can be broken down as follows:

Areas Monthly Volume - MWh Monthly Volume - Previous Year MWh Price - Monthly Average (Base/Peak*) Euro/MWh
DE/AT 19,231,250 18,448,376 44.90/53.02
FR 4,325,750 4,277,434 45.263/53.079
CH 1,396,249 887,290 45.38/53.90
ELIX - European Electricity Index 43.49/52.52

* Peak excl. weekend

Prices between the French and the German markets, both coupled with Belgium and the Netherlands within the market coupling initiative in Central Western Europe (CWE), converged 82 % of the time.

On the EPEX SPOT Intraday market, a total volume of 1,472,331 MWh was traded in August 2012 (August 2011: 1,397,564 MWh):

Areas Monthly Volume - MWh Monthly Volume - Previous Year MWh
DE 1,334,549 1,270,682
FR 137,782 126,882

 

In  August,  cross-border  trades  represented  13.6  %  of  the  total  Intraday  volume. Volume in 15-Minute contracts amounted to 171,758 MWh. This is an 11 % increase from the previous record (155,062 MWh in July 2012). In August, the 15-Minute contracts represented 12.9 % of the volume traded on the German Intraday market.

Power derivatives markets in detail:

The volume in power derivatives trading on EEX Power Derivatives amounted to 78.5TWh in August (August 2011: 94.3 TWh) and can be broken down as follows:

Areas Monthly Volume - MWh Monthly Volume - Previous Year MWh Settlement price on 31/08/2012 for the Year/Future (Base/Peak) Euro/MWh
Phelix Futures 70,824,238 88,612,506 49.10/60.40
French Futures 1,396,152 5,668,155 51.25/65.75
Phelix Options 6,306,500 0  

 

EPEX SPOT SE operates the power spot markets for France, Germany, Austria and Switzerland (Day-Ahead and Intraday). Together these countries account for more than one third of the European electricity consumption. EPEX SPOT SE is a European company (Societas Europaea) based in Paris with a branch in Leipzig. 170.7 TWh have been traded in the first six months of 2012 on EPEX SPOT’s power markets. EPEX SPOT has currently 198 Exchange Members.

EEX Power Derivatives GmbH operates the German and the French Power Derivatives  Market  and hence occupies a central position in power  trading  in Continental Europe. Market participants can trade financial settled power futures for Germany (Phelix Futures) and France (French Futures) as well as options on Phelix Futures. EEX AG holds 80 % of the shares in the company while the Powernext SA holds the remaining 20 %.