EPEX SPOT / EEX Power Derivatives: Power trading results in November
Leipzig, Paris 2 December 2010. In November 2010, a total volume of 143.4 TWh was traded on the Power Spot and Derivatives Market operated by EPEX Spot SE and EEX Power Derivatives (same month of the previous year: 113.4 TWh).
Power trading on the day-ahead auctions on EPEX Spot accounted for a total of 4,069,069 MWh (November 2009: 18,180,982 MWh) and can be broken down as follows:
|Areas||Volume MWh||Volume for the previous year MWh||Base / peak on a monthly average
|D/A||18,815,692||12,554,887||48.53 / 60.07|
|FR||4,461,150||4,960,054||50.339 / 58.329|
|CH||792,227||666,040||56.09 / 66.03|
|ELIX||49.98 / 57.84|
A new daily volume record was established on EPEX Spot German/Austrian Auction as 900,422 MWh were traded on 11 November 2010 for delivery on 12 November.
On the Intraday market a total of 1,054,058 MWh was traded in November (same month of the previous year: 750,832 MWh):
• Germany 956,339 MWh, same month of the previous year 654,808 MWh
• France 97,719 MWh, same month of the previous year 96,024 MWh
The volume in power derivatives trading on EEX Power Derivatives amounted to 118.3 TWh in November (same month of the previous year: 94.4 TWh). The total volume includes 4.7 TWh from trading in French Power Futures. The derivatives trading volume comprises 71.3 TWh from OTC clearing. On 30 November 2010, the open interest amounted to 600.7 TWh. On the Power Derivatives Market, the base load for the year 2011 was quoted at EUR 49.03 per MWh (Germany) and at EUR 50.80 per MWh (France) on 30 November 2010. The peak load price for the year 2011 amounted to EUR 59.66 per MWh (Germany) and to EUR 62.75 per MWh (France).
EEX Power Derivatives GmbH operates the German and the French Power Derivatives Market and, hence, occupies a central position in power trading in Continental Europe: The trading participants can trade both Phelix Futures and Options with financial settlement and power futures settled physically with delivery to Germany and France. EEX AG holds 80 percent of the shares in EEX Power Derivatives GmbH and the French Powernext SA holds the remaining 20 percent. EEX Power Derivatives GmbH, established on 1 January 2008, is based in Leipzig and also has a branch in Paris.
EPEX Spot SE operates the power spot markets for France, Germany, Austria and Switzerland (Day Ahead and Intraday). Together these countries account for more than one third of the European electricity consumption. EPEX Spot is a Paris-based company under European law (Societas Europaea) with a branch in Leipzig. 244 TWh were traded on the EPEX Spot power markets from 1 January to 30 November 2010.
Clearing and settlement of all EPEX Spot and EEX Power Derivatives transactions are provided by European Commodity Clearing AG (ECC), based in Leipzig, the clearing house of EEX and its partner exchanges.