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In March 2016, a total volume of 48.1 TWh was traded on EPEX SPOT Day-Ahead and Intraday power markets (March 2015: 46.8 TWh).
Day-Ahead markets
In March 2016, power trading on the Day-Ahead markets on EPEX SPOT (including APX) accounted for a total of 43,004,540 MWh (March 2015: 41,549,177 MWh).
The rapid growth of the volumes traded on the French and the UK Day-Ahead markets continued. Another monthly all-time high was reached in March in the UK with 6,165,284 MWh traded while the new daily record was traded on 28 March 2016 with 231,666 MWh, exceeding the previous record set in January 2016.
Prices in Central Western Europe, connected within the Multiregional Coupling, converged 44% of the time (March 2015: 9%).
Intraday markets
On the EPEX SPOT Intraday markets (including APX), a total volume of 5,084,352 MWh was traded in March 2016 (March 2015: 5,227,957 MWh).
In March, cross-border trades represented 17% 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 March, EPEX SPOT welcomed ENGIE Energy Management S.C.R.L. (former GDF SUEZ Energy Management Trading S.C.R.L.) as a new member to the exchange. ENGIE Energy Management joined the German/Austrian Day-Ahead, French Day-Ahead and Swiss Day-Ahead markets.
Please find further details on the volumes and prices below:
Volumes
|
Power Spot Volumes |
Monthly |
Monthly |
|
Total |
48,088,892 |
46,777,134 |
|
Day-Ahead |
43,004,540 |
41,549,177 |
|
Day-Ahead DE/AT/LU |
19,993,017 |
23,456,077 |
|
Day-Ahead FR |
9,837,356 |
7,329,820 |
|
Day-Ahead UK total - Day-Ahead Auction UK - Half-Hour 15:30 auction UK |
6,376,248 6,165,284 210,964 |
3,406,504 3,321,586 84,918 |
|
Day-Ahead NL |
3,191,626 |
3,447,608 |
|
Day-Ahead BE |
1,623,111 |
2,113,702 |
|
Day-Ahead CH |
1,983,182 |
1,795,466 |
|
Intraday |
5,084,352 |
5,227,957 |
|
Intraday DE/AT total - hourly continuous DE - 15-min continuous DE - 15-min call auction DE - hourly continuous AT - 15-min continuous AT |
3,218,496 2,355,669 308,710 397,608 147,989 8,520 |
3,210,614 2,440,899 372,450 335,403 61,862 0* |
|
Intraday FR |
305,396 |
356,661 |
|
Continuous UK |
1,266,142 |
1,381,892 |
|
Intraday NL |
106,117 |
85,306 |
|
Intraday BE |
64,332 |
77,985 |
|
Intraday CH total - hourly continuous - 15-min continuous |
123,869 120,072 3,797 |
115,499 112,989 2,510 |
* Segment launched in October 2015
Additionally, the Power UK OTC Bilateral Give-up registered 19,906 MWh.
Prices and Indices
|
|
Price – monthly average |
|
Day-Ahead DE/AT – PHELIX |
€24.31 / €27.34 |
|
Day-Ahead FR |
€27.10 / €31.10 |
|
Day-Ahead UK |
£34.22 / £36.94 |
|
Day-Ahead UK Half-Hour |
£33.68 / £37.67 |
|
Day-Ahead NL |
€26.13 / €29.73 |
|
Day-Ahead BE |
€27.11 / €31.14 |
|
Day-Ahead CH – SWISSIX |
€29.21 / €34.20 |
|
European Electricity Index – ELIX |
€24.21 / €28.20*** |
|
Intraday DE/AT (hourly continuous) |
€23.61 / €25.82 |
|
Intraday 15-minute call auction DE |
€24.58 / €27.19 |
|
Intraday FR |
€27.26 / €31.78 |
|
Intraday NL |
€27.40 / €31.73 |
|
Intraday BE |
€27.75 / €32.49 |
|
Intraday CH (hourly continuous) |
€29.23 / €34.60 |
** 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 physical short-term electricity markets in Central Western Europe and the United Kingdom. The creation of a pan-European power market is what defines EPEX SPOT’s mission. In 2015, its 280 members traded 566 TWh – a third of the domestic consumption in these eight countries. 49% of its equity is held by HGRT, a holding of transmission system operators. EPEX SPOT is part of EEX Group. For more information, please visit www.epexspot.com.
