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EPEX SPOT Trading Results Of August 2015: French Power Market Continues Race Towards Liquidity

Date 01/09/2015

In August 2015, a total volume of 33.4 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday power markets (August 2014: 31.1 TWh).

69,592,280 MWh were traded this year until 31 August on the French Day-Ahead and Intraday power markets – a volume which corresponds to the total volume of all 2014. This underlines the healthy development of France’s power market towards growing liquidity.

Day-Ahead markets

In August 2015, power trading on the Day-Ahead markets on EPEX SPOT accounted for a total of 29,981,956 MWh (August 2014: 28,581,300 MWh).

Prices in Central Western Europe, connected within the European Price Coupling, converged 21% of the time.

Intraday markets

On the EPEX SPOT Intraday markets, a total volume of 3,377,424 MWh was traded in August 2015 (August 2014: 2,510,166 MWh). The Swiss Intraday market again performed well with 175,628 MWh of traded volume, a new all-time high over last month’s record.

In August, cross-border trades represented 21.5% of the total continuous Intraday volume. 15-minute contracts represented 12.0% of the volume traded on the German and Swiss continuous Intraday markets.

Trading participants

In August, EPEX SPOT admitted Youtrade Energy Commodities S.A. as new trading participants on all EPEX SPOT Day-Ahead markets and the German, French and Swiss Intraday markets.

Please find further details on the volumes and prices below:

Volumes

Power Spot Volumes
 
Monthly
volume


MWh
Monthly
volume –
previous year

MWh
Total 33,359,380 31,091,466
Day-Ahead 29,981,956 28,581,300
  Day-Ahead DE/AT 19,879,696 21,034,388
  Day-Ahead FR 8,319,080 5,664,462
  Day-Ahead CH 1,783,180 1,882,450
Intraday 3,377,424 2,510,166

  Intraday DE/AT

  - thereof hourly continuous DE/AT

  - thereof 15-min continuous DE

  - thereof 15-min call auction DE

2,950,917

2,251,313

310,731

388,873

2,284,131

1,802,912

481,219

0*

  Intraday FR (hourly continuous) 250,879 131,621

  Intraday CH

  - thereof hourly continuous

  - thereof 15-min continuous

175,628

167,746

7,882

94,415

87,827

6,588

*Segment launched in December 2014

 

Prices and Indices

 Price – monthly average
(Base / Peak*)

Euro/MWh
Day-Ahead DE/AT – PHELIX 31.61 / 37.77
Day-Ahead FR 32.16 / 39.26
Day-Ahead CH – SWISSIX 32.70 / 39.60
European Electricity Index – ELIX 29.77 / 36.27
Intraday DE/AT (hourly continuous) 32.91 / 39.01
Intraday 15-minute call auction DE 31.77 / 37.62
Intraday FR 32.39 / 39.74
Intraday CH (hourly continuous) 34.31 / 41.62

*Peak excl. weekend


The European Power Exchange EPEX SPOT SE operates the short-term electricity markets for Germany, France, Austria and Switzerland. EPEX SPOT owns 100% of APX Group (including Belpex), operator of the short-term electricity markets for the Netherlands, the United Kingdom and Belgium. Striving for the creation of a 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 in Amsterdam, Bern, Brussels, Leipzig, London and Vienna. 275 companies trade over 450 TWh of electricity on EPEX SPOT and APX every year – one third of its countries’ electricity consumption. EPEX SPOT is held by EEX Group, part of Deutsche Börse, and European electricity transmission system operators. For more information: www.epexspot.com