Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

EPEX SPOT Power Trading Results Of August 2016: Flexibility Contracts Grow Their Importance Across Markets

Date 02/09/2016

In August 2016, a total volume of 41.6 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday power markets (August 2015: 44.5 TWh).
All EPEX SPOT continuous intraday markets witnessed another month of growing volumes.

Day-Ahead markets
In August 2016, power trading on the Day-Ahead markets on EPEX SPOT (including APX) accounted for a total of 36,548,111 MWh (August 2015: 40,024,897 MWh).
Prices in Central Western Europe, connected within the Multiregional Coupling, converged 58% of the time (August 2015: 21%).

Intraday markets
On the EPEX SPOT Intraday markets (including APX), a total volume of 5,082,073 MWh was traded in August 2016 (August 2015: 4,471,629 MWh).
In August, cross-border trades represented 21% 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.

New members
In August, EPEX SPOT welcomed a new member to the exchange with Eggborough Power Ltd joining the Power UK market. Furthermore, Engelhart CTP (Switzerland) SA extended its existing membership to the French Intraday market.

Please find further details on the volumes and prices below:

Volumes

Power Spot Volumes
 
 

Monthly
volume


MWh

Monthly
volume –
previous year

MWh

Total

41,630,184

44,496,526

Day-Ahead

36,548,111

40,024,897

  Day-Ahead DE/AT/LU

19,069,054

19,879,696

  Day-Ahead FR

8,679,871

8,319,080

  Day-Ahead UK total

  - Day-Ahead Auction UK

  - Half-Hour 15:30 auction UK

2,947,708

2,722,538

225,170

4,047,612

3,892,349

155,263

  Day-Ahead NL

2,572,552

3,811,343

  Day-Ahead BE

1,238,739

2,183,986

  Day-Ahead CH

2,040,187

1,783,180

Intraday

5,082,073

4,471,629

  Intraday DE/AT total

  - hourly continuous DE

  - 15-min continuous DE

  - 15-min call auction DE 

  - hourly continuous AT

  - 15-min continuous AT

3,443,186

2,571,741

326,676

410,691

124,058

10,020

2,950,917

2,166,834

310,731

388,873

84,479

0*

  Intraday FR

300,598

250,879

  Continuous UK

992,938

952,393

  Intraday NL

87,733

86,421

  Intraday BE

71,100

55,391

  Intraday CH total

  - hourly continuous

  - 15-min continuous

186,518

178,561

7,957

175,628

167,746

7,882

* Segment launched in October 2015

Prices and Indices

 

Price – monthly average
(Base / Peak**)

Price/MWh

Day-Ahead DE/AT – PHELIX

€27.18 / €31.30

Day-Ahead FR

€29.69 / €35.06

Day-Ahead UK

£35.57 / £40.16

Day-Ahead UK Half-Hour

£34.67 / £39.19

Day-Ahead NL

€28.36 / €32.83

Day-Ahead BE

€28.90 / €34.14

Day-Ahead CH – SWISSIX

€29.38 / €34.38

European Electricity Index – ELIX

€25.76 / €30.72***

Intraday DE/AT (hourly continuous)

€26.87 / €31.66

Intraday 15-minute call auction DE

€27.48 / €31.38

Intraday FR

€29.69 / €35.27

Intraday NL

€29.09 / €33.91

Intraday BE

€28.87 / €33.19

Intraday CH (hourly continuous)

€28.96 / €34.48

** Peak excl. weekend
*** calculated on the orders of DE/AT/LU, FR & CH under the assumption of unlimited transmission capacity between the markets