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In February 2016, a total volume of 47.7 TWh was traded on EPEX SPOT Day-Ahead and Intraday power markets (February 2015: 43.1 TWh).
Day-Ahead markets
In February 2016, power trading on the Day-Ahead markets on EPEX SPOT (including APX) accounted for a total of 42,671,969 MWh (February 2015: 38,934,743 MWh).
The rapid growth of the volumes traded on the Power UK Day-Ahead market continued. Another monthly all-time high was reached in February with 5,373,509 MWh traded, up from 3,588,436 MWh in February 2015 and slightly above last month’s record.
Prices in Central Western Europe, connected within the Multiregional Coupling, converged 37% of the time (February 2015: 11%).
Intraday markets
On the EPEX SPOT Intraday markets (including APX), a total volume of 5,077,125 MWh was traded in February 2016 (February 2015: 4,138,703 MWh).
Strong growth was seen on the German/Austrian Intraday markets where the total volume increased by 40%, reaching a total of 3,265,700 MWh traded.
In February, cross-border trades represented 14% of the total continuous Intraday volume in Germany, France, Austria and Switzerland. 15-minute contracts represented 9% of the volume traded on the German, Austrian and Swiss continuous Intraday markets.
New members
In February, EPEX SPOT welcomed new members to its markets. Next Kraftwerke GmbH extended its existing EPEX SPOT memberships to the French Intraday and Day-Ahead auction. Macquarie Bank Ltd extended its memberships to include the German Intraday 15-minutes call auction.
Please find further details on the volumes and prices below:
Volumes
|
Power Spot Volumes |
Monthly |
Monthly |
|
Total |
47,749,094 |
43,073,446 |
|
Day-Ahead |
42,671,969 |
38,934,743 |
|
Day-Ahead DE/AT |
21,353,414 |
20,803,581 |
|
Day-Ahead FR |
8,895,010 |
7,636,608 |
|
Day-Ahead UK total - Day-Ahead Auction UK - Half-Hour 15:30 auction UK |
5,587,604 5,373,509 214,095 |
3,647,970 3,588,436 59,534 |
|
Day-Ahead NL |
3,364,466 |
3,554,488 |
|
Day-Ahead BE |
1,695,828 |
1,789,619 |
|
Day-Ahead CH |
1,775,647 |
1,502,477 |
|
Intraday |
5,077,125 |
4,138,703 |
|
Intraday DE/AT total - hourly continuous DE - 15-min continuous DE - 15-min call auction DE - hourly continuous AT - 15-min continuous AT |
3,265,700 2,606,826 256,493 347,764 147,220 7,397 |
2,324,670 1,701,271 336,200 230,440 56,759 0* |
|
Intraday FR |
279,783 |
330,980 |
|
Continuous UK |
1,214,103 |
1,271,932 |
|
Intraday NL |
87,560 |
65,247 |
|
Intraday BE |
61,343 |
50,631 |
|
Intraday CH total - hourly continuous - 15-min continuous |
68,636 67,686 949 |
95,243 93,563 1,681 |
* Segment launched in October 2015
Additionally, the Power UK OTC Bilateral Give-up registered 24,024 MWh.
Prices and Indices
|
|
Price – monthly average |
|
Day-Ahead DE/AT – PHELIX |
€21.99 / €28.96 |
|
Day-Ahead FR |
€25.53 / €32.94 |
|
Day-Ahead UK |
£33.37 / £37.46 |
|
Day-Ahead UK Half-Hour |
£33.34 / £37.70 |
|
Day-Ahead NL |
€25.19 / €31.40 |
|
Day-Ahead BE |
€25.39 / €32.86 |
|
Day-Ahead CH – SWISSIX |
€34.18 / €40.59 |
|
European Electricity Index – ELIX |
€21.25 / €28.97*** |
|
Intraday DE/AT (hourly continuous) |
€21.27 / €28.76 |
|
Intraday 15-minute call auction DE |
€22.31 / €29.04 |
|
Intraday FR |
€25.90 / €33.26 |
|
Intraday NL |
€26.41 / €32.18 |
|
Intraday BE |
€26.17 / €31.97 |
|
Intraday CH (hourly continuous) |
€32.69 / €39.90 |
** Peak excl. weekend
*** calculated on the orders of DE/AT, FR & CH under the assumption of unlimited transmission capacity between the markets
The European Power Exchange EPEX SPOT SE and its affiliates operate organised short-term electricity markets for Germany, France, United Kingdom, the Netherlands, Belgium, Austria, Switzerland, and Luxembourg; markets representing 50% of European electricity consumption. Striving for the well-functioning European single market for electricity, EPEX SPOT shares its expertise with partners across the continent and beyond. EPEX SPOT is a European company (Societas Europaea) in corporate structure and staff, based in Paris with offices or affiliates in Amsterdam, Bern, Brussels, Leipzig, London and Vienna. More than 280 companies have traded 566 TWh of electricity on EPEX SPOT and its affiliates in 2015. EPEX SPOT is member of EEX Group, part of Deutsche Börse. European electricity transmission system operators hold 49% of EPEX SPOT through HGRT. For more information, please visit www.epexspot.com.
