EPEX SPOT/EEX Power Derivatives: Power Trading results in May 2011
Paris, Leipzig 6 June 2011. In May 2011, a total volume of 110.9 TWh was traded on the Power Spot and Derivatives Market operated by EPEX Spot SE and EEX Power Derivatives respectively (May 2010: 151.5 TWh).
In May 2011, power trading on the day-ahead auctions on EPEX Spot accounted for a total of 23,773,281 MWh (May 2010: 21,477,835 MWh) and can be broken down as follows:
|Volume for the previous year
|Base/peak on a monthly average Euro/MWh (peak excl. weekends)|
|D/A||18,110,356||16,740,657||56.83 / 67.03|
|FR||4,698,553||3,894,764||53.522 / 66.527|
|CH||964,371||842,414||58.02 / 68.61|
|Elix - European Electricity Index||60.99 / 67.36|
On the Intraday market a total volume of 1,192,991 MWh was traded in May (same month of the previous year: 966,374 MWh):
- Germany 1,058,622 MWh (May 2010: 893,431 MWh)
- France 134,369 MWh (May 2010: 72,943 MWh)
In May, cross-border trades represented 13 percent of the total Intraday volume.
The volume in power derivatives trading on EEX Power Derivatives amounted to 85.9 TWh in May (May 2010: 129.1 TWh). The total volume includes 4.5 TWh from trading in French Power Futures. The derivatives trading volume comprises 47.0 TWh from OTC clearing. On 31st May 2011, the open interest amounted to 601.9 TWh. On the Power Derivatives Market, the base load for the year 2012 was quoted at EUR 60.10 per MWh (Germany) and at EUR 60.84 per MWh (France) on 31st May 2011. The peak load price for the year 2012 amounted to EUR 73.34 per MWh (Germany) and to EUR 75.50 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: Market participants on EEX Power Derivatives can trade power futures and options with financial settlement as well as futures with physical 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 1st 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. 279 TWh were traded on the EPEX Spot power markets in 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.