EPEX SPOT SE: Power Trading Results In May 2014 - Intraday Markets Surge To New Heights

In May 2014, a total volume of 31.3 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (May 2013: 29.5 TWh). The Intraday markets reached 2,616,964 MWh, hitting the 2.6 TWh threshold for the first time. This is another all-time high after last month’s record (2,569,974 MWh) and an increase in 2%. Same applies for the 15-minute contracts on the German and Swiss Intraday markets which climbed to 430,740 MWh of traded volume. This is a 2 % increase from previous record in March 2014 (421,846 MWh). Both figures show the continuous and growing interest in power markets with flexible contracts and shorter lead-time.

Day-Ahead markets
In May 2014, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 28,699,973 MWh (May 2013: 27,595,294 MWh) and can be broken down as follows:

* 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 70% of the time. This is the highest value since September 2013 (73%).

Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 2,616,964 MWh was traded in May 2014 (May 2013: 1,901,964 MWh).

* Swiss market launched in June 2013

In May, cross-border trades represented 22.2% of the total Intraday volume. Volume in 15-Minute contracts amounted to 430,740 MWh. In May, they represented 18.6% of the volume traded on the German and Swiss Intraday markets.

***
The European Power Exchange 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 power consumption. EPEX SPOT is a European company (Societas Europaea) based in Paris with branches in Leipzig, Bern and Vienna. In 2013, 346 TWh were traded on EPEX SPOT’s markets.