Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

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

Date 06/11/2012

In October 2012, a total volume of 29.3 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (October 2011: 27.3 TWh).

During the same period, the volume in power derivatives trading on EEX Power Derivatives amounted to 66.6 TWh (October 2011: 74.0 TWh).

Power spot markets in detail:

In October 2012, power trading on the Day-Ahead auctions  on EPEX SPOT accounted for a total of 27,739,571 MWh (October 2011: 25,627,640 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 20,776,386 19,358,651 43.92 / 53.76
FR 5,543,422 5,188,645 49.224 / 60.763
CH 1,419,763 1,080,344 53.43 / 63.60
ELIX – European Electricity Index 44.17 / 55.92

* Peak excl. weekend

Prices within the French and the German market, both coupled with Belgium and the Netherlands within the market coupling initiative in Central Western Europe (CWE), converged 52 % of the time.

On the EPEX SPOT Intraday market, a total volume of 1,565,231 MWh was traded in October 2012 (October 2011: 1,680,637 MWh):

 

Areas Monthly volume MWh Monthly volume – previous year MWh
DE/AT 1,314,136 1,510,952
FR 251,095 169,685

In October, cross-border trades represented 14.5 % of the total Intraday volume. Volume in 15-Minute contracts amounted to 122,249 MWh. In October, they represented 9.4 % 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 66.6 TWh in October (October 2011: 74.0 TWh) and can be broken down as follows:

 

Products Monthly volume MWh Monthly volume – previous year MWh Settlement price on 31/10/2012 for the Year Future (Base / Peak) Euro/MWh
Phelix Futures 64,192,780  69,747,538 46.85 / 58.00
French Futures 1,552,783 3,392,510 49.30 / 62.75
Phelix Options 876,000 807,600  

 

In October, the total derivatives trading volume comprised 31.2 TWh from OTC clearing. On 31 October 2012, the open interest amounted to 466.4 TWh.