Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

European Power Exchange: Power Trading Results In February 2013 - New Record On French Markets

Date 04/03/2013

In February 2013, a total volume of 26.8 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (February 2012: 26.2 TWh). The French Day-Ahead and Intraday markets displayed particularly good results, with all-time records in trading volumes on both market segments despite the shorter month. Together, they accounted for roughly 6 TWh.

Day-Ahead markets
In February 2013, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 25,359,672 MWh (February 2012: 24,742,127 MWh) and can be broken down as follows:

Areas

Monthly volume

MWh

Monthly volume – previous year
MWh

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

  

DE/AT

18,376,904

18,190,156

44.62 / 56.08

  

FR

5,673,213

5,418,995

54.46 / 63.44

  

CH

1,309,555

1,132,976

56.48 / 64.57

  

ELIX – European Electricity Index

48.91 / 59.48

* Peak excl. weekend

Trading volume on the French Day-Ahead market registered a new all-time high. The new record is a 2 % increase from previous record in October 2012 (5,543,422 MWh).
Prices within the French and the German market, both coupled with Belgium and the Netherlands within the market coupling initiative in Central Western Europe (CWE), converged 13 % of the time.

Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 1,442,034 MWh was traded in February 2013 (February 2012: 1,481,590 MWh):

Areas

Monthly volume
MWh

Monthly volume – previous year
MWh

DE/AT

1,144,539

1,217,201*

FR

297,495

264,389

* without Austrian market, which was launched in October 2012

Trading volume on the French Intraday market registered a new all-time high. The new record is a 13 % increase from previous record in February 2012 (264,389 MWh).
In February, cross-border trades represented 11.2 % of the total Intraday volume. Volume in 15-Minute contracts amounted to 97,215 MWh. In February, they represented 8.7 % of the volume traded on the German Intraday market.