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EPEX SPOT Power Trading Results Of January 2016: Record Volume On UK, Overall Intraday Markets

Date 01/02/2016

In January 2016, a total volume of 49.41TWh was traded on EPEX SPOT Day-Ahead and Intraday power markets (January 2015: 47.72 TWh).

Day-Ahead markets

 

In January 2016, power trading on the Day-Ahead markets on EPEX SPOT (including APX) accounted for a total of 43,965,077 MWh (January 2015: 42,652,741 MWh).

The Power UK Day-Ahead market experienced another month of extraordinary growth and reached a new monthly record with 5,153,435 MWh traded, up by 201% from January 2015. The all-time daily high was reached on 20 January 2016 for delivery on 21 January with a total of 219,362 MWh traded.

Prices in Central Western Europe, connected within the Multiregional Coupling, converged 37% of the time (January 2015: 10%).

Intraday markets

On the EPEX SPOT Intraday markets (including APX), a total volume of 5,449,568 MWh was traded in January 2016 (January 2015: 5,068,114 MWh). This is a new overall all-time high on the Intraday markets in Central Western Europe and the UK region (last record from July 2015: 5,342,822 MWh).

In January, cross-border trades represented 12% of the total continuous Intraday volume in Germany, France, Austria and Switzerland. 15-minute contracts represented 9% of the volume traded on the German, Austrian and Swiss continuous Intraday markets.

New members

In January, EPEX SPOT welcomed Brookfield Renewable Supply 2 Ltd to its Power UK market as a new member to the exchange. Shell Energy Europe Ltd extended its existing EPEX SPOT memberships to the German Intraday 15-minutes auction while E.N.E.R Trading S.p.A. extended its memberships to include the German Intraday market.

 

The European Power Exchange EPEX SPOT SE and its affiliates operate organised short-term electricity markets for Germany, France, United Kingdom, the Netherlands, Belgium, Austria, Switzerland and Luxembourg; markets representing 50% of European electricity consumption. Striving for the well-functioning 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 or affiliates in Amsterdam, Bern, Brussels, Leipzig, London and Vienna. More than 280 companies have traded 566 TWh of electricity on EPEX SPOT and its affiliates in 2015. EPEX SPOT is member of EEX Group, part of Deutsche Börse. European electricity transmission system operators hold 49% of EPEX SPOT through HGRT. For more information, please visit www.epexspot.com.

 

 

EPEX SPOT (incl. APX) – Monthly Figures Report for January 2016

Volumes

Power Spot Volumes

Monthly volume

MWh

Monthly volume – previous year

MWh

Total

49,414,645

47,720,855

Day-Ahead

43,965,077

42,652,741

Day-Ahead DE/AT/LU

21,086,209

24,501,237

Day-Ahead FR

10,231,745

9,016,609

Day-Ahead UK total

5,369,219

1,714,141

- Day-Ahead auction

5,153,435

1,714,141

- Half-Hour 15:30 auction

215,784

0*

Day-Ahead NL

3,816,073

3,842,129

Day-Ahead BE

1,602,525

1,850,887

Day-Ahead CH

1,859,306

1,727,738

Intraday

5,449,568

5,068,114

Intraday DE/AT total

3,487,915

2,989,855

- hourly continuous DE

2,729,584

2,388,866

- 15-min continuous DE

277,151

342,618

- 15-min call auction DE

329,653

200,880

- hourly continuous AT

143,575

57,491

- 15-min continuous AT

7,952

0**

Intraday FR

319,772

330,911

Continuous UK

1,315,890

1,465,312

Intraday NL

151,228

106,094

Intraday BE

108,106

94,943

Intraday CH total

66,657

80,999

- hourly continuous

65,958

79,472

- 15-min continuous

699

1,527

* Segment launched in February 2015
** Segment launched in October 2015

Additionally, the Power UK OTC Bilateral Give-up registered 24,024 MWh.

Prices and Indices

 

Price – monthly average
(Base / Peak***)

Price/MWh

Day-Ahead DE/AT – PHELIX

€29.04 / €40.08

Day-Ahead FR

€33.60 / €43.84

Day-Ahead UK

£36.32 / £42.11

Day-Ahead UK Half-Hour

£37.06 / £43.94

Day-Ahead NL

€31.57 / €41.75

Day-Ahead BE

€32.61 / €43.16

Day-Ahead CH – SWISSIX

€45.98 / €56.01

European Electricity Index – ELIX

      €30.02 / €41.05****

Intraday DE/AT (hourly continuous)

€29.89 / €40.07

Intraday 15-minute call auction DE

€29.54 / €39.37

Intraday FR

€34.61 / €45.96

Intraday NL

€35.47 / €47.78

Intraday BE

€33.87 / €45.10

Intraday CH

€44.23 / €57.61

*** Peak excl. weekend
**** Calculated on the orders of DE/AT, FR & CH under the assumption of unlimited transmission capacity between the markets