In January 2011, a total volume of 121.6 TWh was traded on the Power Spot and Derivatives Market operated by EPEX Spot SE and EEX Power Derivatives (same month of the previous year: 133.9 TWh).
In January 2011, power trading on the day-ahead auctions on EPEX Spot accounted for a total of 25,965,448 MWh (January 2010: 21,834,564 MWh) and can be broken down as follows:
Areas | Volume MWh | Volume for the previous year MWh | Base / peak on a monthly average Euro/MWh |
D/A | 19,518,514 | 16,299,401 | 50.13 / 63.46 |
FR | 5,538,173 | 4,785,200 | 51.287 / 58.690 |
CH | 908,761 | 749,963 | 57.24 / 66.80 |
ELIX - European Electricity Index | 49.64 / 57.05 |
On the Intraday market a total volume of 1,145,297 MWh was traded in January (same month of the previous year: 839,977 MWh):
Germany 1,022,702 MWh, same month of the previous year 719,134 MWh
France 122,595 MWh, same month of the previous year 120,843 MWh
In January, cross-border trades represented 12 percent of the total Intraday volume.
The volume in power derivatives trading on EEX Power Derivatives amounted to 94.5 TWh in January (same month of the previous year: 111.3 TWh). The total volume includes 3.1 TWh from trading in French Power Futures. The derivatives trading volume comprises 51.1 TWh from OTC clearing. On 31 January 2011, the open interest amounted to 575.5 TWh. On the Power Derivatives Market, the base load for the year 2012 was quoted at EUR 51.65 per MWh (Germany) and at EUR 52.69 per MWh (France) on 31 January 2011. The peak load price for the year 2012 amounted to EUR 62.75 per MWh (Germany) and to EUR 65.25 per MWh (France).
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 on EEX Power Derivatives can trade power futures and options with financial settlement as well as futures with physical delivery to Germany and France. EEX AG holds 80 percent of the shares in EEX Power Derivatives GmbH and the French Powernext SA holds the remaining 20 percent. EEX Power Derivatives GmbH, established on 1 January 2008, is based in Leipzig and also has a branch in Paris.
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 is a Paris-based company under European law (Societas Europaea) with a branch in Leipzig. 279 TWh were traded on the EPEX Spot power markets in 2010.
Clearing and settlement of all EPEX Spot and EEX Power Derivatives transactions are provided by European Commodity Clearing AG (ECC), based in Leipzig, the clearing house of EEX and its partner exchanges.