A new trading record was set on the Power Spot Market of the European Energy Exchange (EEX). In the hourly auction, a trading volume of 502,053.9 MWh was sold in the German/Austrian market area for the delivery day of Monday, 24 March 2008. The Phelix Day Base average price amounted to EUR 39.83 per MWh. In total, 121 trading participants contributed to the achievement of this new record level through their trading activities.
The trading volumes on the EEX Power Spot Market and the number of trading partici-pants are both increasing continuously. EEX sees this as clear proof of the confidence in the pricing mechanism on the exchange. The Phelix (Physical Electricity Index) which is calculated by EEX is widely acknowledged as the reference price in the Euro-pean energy market.
Currently, 160 trading participants from 20 countries are licensed to trade on the Spot Market