EPEX SPOT: Volume In 15-Minute Contracts Increases Strongly - Intraday Call Auction Activates New Part Of The Market

In February 2015, a total volume of 32.9 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday power markets (February 2014: 30.6 TWh). 230,440 MWh have been traded on the 15-minute call auction on the German Intraday market. The auction now represents 40.7% of the total volume traded in 15-minute contracts in Germany. At the same time, the 15-minute volume traded on the German and Swiss continuous market (337,881 MWh) has increased by 9.2% compared to February 2014 (309,543 MWh).

Day-Ahead markets
In February 2015, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 29,942,666 MWh (February 2014: 28,336,538 MWh) and can be broken down as follows:

Day-Ahead volumes

Areas	Monthly volumes MWh	Monthly volumes – previous year MWh	Price – monthly average (Base / Peak) Euro/MWh*
DE/AT	20,803,581	22,122,160	36.72 / 46.50
FR	7,636,608	4,935,826	50.15 / 57.62
CH	1,502,477	1,278,552	50.86 / 58.93
ELIX – European Electricity Index			45.00 / 55.49

*Peak excl. weekend

Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 2,981,334 MWh was traded in February 2015 (February 2014: 2,258,530 MWh).

Intraday volumes

Areas	Monthly volumes MWh	Monthly volumes – previous year MWh
DE/AT	2,324,670	1,825,980
DE 15-min auction	230,440	0*
FR	330,980	336,939
CH	95,243	95,611

*Segment launched in December 2014

In February, cross-border trades represented 11.2% of the total continuous Intraday volume. The volume in continuously traded 15-minute contracts reached 337,881 MWh. In February, they represented 14.3% of the volume traded on the German and Swiss continuous Intraday markets.

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 SPOTs markets in 2014.