Transmission System Operators Elia, RTE And Tennet Jointly Take 36.7% Share In EPEX SPOT - EEX Indirect Majority Shareholder Of European Power Exchange

The shareholder structure of the European Power Exchange EPEX SPOT SE has changed: The holding HGRT of European Transmission System Operators Elia (Belgium), RTE (France) and Tennet (Netherlands) has taken a 36.7% share in EPEX SPOT. The shares originate from EEX which now holds 13.3% (formerly 50%). In exchange, EEX Group has received the 53% stake of HGRT in French Energy Exchange Powernext. The share of Powernext in EPEX SPOT remains unchanged at 50%; EEX is indirect majority shareholder of EPEX SPOT. The change has become effective on 1st January 2015.

   
The direct shareholdership of Electricity Transmission System Operators (TSOs) pooled in HGRT marks a new chapter for the European Power Exchange. “TSOs are most welcome as direct shareholders of EPEX SPOT, with six seats out of the twelve Supervisory Board members, as they play a key role in integrating the European power market”, underlines Jean-François Conil-Lacoste, Chairman of the Management Board of EPEX SPOT and Executive Director Power Spot Markets of EEX. “At the same time, we reinforce our roots as an Exchange and become part of the EEX Group.” 

The deeper integration with TSOs supports EPEX SPOT in the coupling of the European power market. After the launch of the respective national Power Exchanges in France and Germany and the creation of the first transnational Power Exchange in continental Europe EPEX SPOT in 2008, the new shareholder structure sets the foundations for further growth of EPEX SPOT.

The European Power Exchange EPEX SPOT SE operates the power spot markets for Germany, France, Austria and Switzerland (Day-Ahead and Intraday). Together these countries account for more than one third of the European power consumption. EPEX SPOT also acts as market operating service provider for the Hungarian Power Exchange HUPX and operates the coupling between the Czech, the Slovak, the Hungarian and the Romanian markets on behalf of the local Exchanges. It is a European company (Societas Europaea) based in Paris with branches in Leipzig, Bern and Vienna. Over 220 companies from Europe are active on EPEX SPOT. 382 TWh have been traded on EPEX SPOT’s markets in 2014.