An Austrian voice for clients, partners and stakeholders
Vienna, 31 January 2014. The European Power Exchange EPEX SPOT has opened its office in Vienna on 30 January 2014. Austrian market participants, partners and stakeholders participated in the inauguration. The office is based in the Mayerhofgasse at the centre of Vienna and is headed by Arnold Weiß.
“For us, being European means being diverse and locally rooted”, says Jean-François Conil-Lacoste, Chairman of the Management Board of EPEX SPOT. “We are happy and thankful for the support of local partners during the establishment of our new premises. Now we look forward to strengthening the relationships with partners in Austria with an Austrian voice. The office will facilitate the dialogue.”
The Austrian Day-Ahead market has been operated by EPEX SPOT since the creation of the company back in 2009. In 2012, EPEX SPOT launched the Austrian Intraday market. It has been connected to the Franco-German Intraday market from its beginning.
The Austrian-German border is the only in Europe without congestion. The single Day-Ahead and Intraday price zone of Germany/Austria stands as an exception in the landscape of European power markets. It illustrates the benefits of market integration on a daily basis.
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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 is a European company (Societas Europaea) based in Paris with branches in Leipzig and Vienna. In 2013, 346 TWh were traded on EPEX SPOT’s markets.