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In June 2014, a total volume of 30 TWhwas traded on EPEX SPOT’s Day-Ahead and Intraday markets (June 2013: 28.4 TWh). The volume in 15-minute contracts on the German and Swiss Intraday markets reached another all-time high and climbed to 449,494 MWh. It is a 4 % increase from the previous record in May 2014 (430,740 MWh). In June, they represented 20.7% – more than one fifth – of the volume traded on the German and Swiss Intraday markets. The increasing liquidity of the 15-minute segment sets a strong foundation for the upcoming German Intraday call auction for 15-minute contracts. This auction, scheduled to launch in Q4 2014, will take place seven days a week and will help determining a clear cut price signal for 15-minute contracts in Germany.
Day-Ahead markets
In June 2014, power trading on the Day-Ahead auctionson EPEX SPOT accounted for a total of 27,585,151 MWh (June 2013: 26,359,275 MWh) and can be broken down as follows:
|
Areas |
Monthly volume MWh |
Monthly volume – previous year MWh |
Price – monthly average Euro/MWh |
|
|
DE/AT |
20,499,865 |
20,863,801 |
31.52 / 38.16 |
|
|
FR |
5,225,309 |
4,017,549 |
30.65 / 38.85 |
|
|
CH |
1,859,977 |
1,477,926 |
31.62 / 38.75 |
|
|
ELIX – European Electricity Index |
29.44 / 36.73 |
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* Peak excl. weekend
Prices within the German and the French market, both coupled within the Price Coupling covering North-Western and South-Western Europe, converged 71% of the time. This is the highest value since September 2013 (73%).
Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 2,459,328 MWh was traded in June 2014 (June 2013: 2,048,695 MWh).
|
Areas |
Monthly volume MWh |
Monthly volume – previous year MWh |
|
DE/AT |
2,124,572 |
1,852,575 |
|
FR |
250,241 |
188,246 |
|
CH |
84,515 |
7,874* |
* Swiss market launched on 26 June 2013
In June, cross-border trades represented 22.8% of the total Intraday volume.
***
The European Power Exchange EPEX SPOT SEoperates 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 power consumption. EPEX SPOT also acts as service provider for the market operations of the Hungarian Power Exchange HUPX and operates the coupling between the Czech, the Slovakian, the Hungarian and soon the Romanian markets on behalf of the local Exchanges.
EPEX SPOT was created in 2009 by the merger of the power spot markets of the German and the French Energy Exchanges. It is is a European company (Societas Europaea) based in Paris with branches in Leipzig, Bern and Vienna. Over 220 companies from Europe and the USA are active on EPEX SPOT. In 2013, 346 TWh were traded on EPEX SPOT’s markets.
