EPEX SPOT/EEX Power Derivatives: Power Trading results in November 2012
Paris | Leipzig, 4 December 2012. In November 2012, a total volume of 29.2 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (November 2011: 25.3 TWh).
During the same period, the volume in power derivatives trading on EEX Power Derivatives amounted to 92.9 TWh (November 2011: 76.1 TWh).
Power spot markets in detail:
In November 2012, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 27,685,313 MWh (November 2011: 23,958,447 MWh) and can be broken down as follows:
During the same period, the volume in power derivatives trading on EEX Power Derivatives amounted to 92.9 TWh (November 2011: 76.1 TWh).
Power spot markets in detail:
In November 2012, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 27,685,313 MWh (November 2011: 23,958,447 MWh) and can be broken down as follows:
|
Areas |
Monthly volume |
Monthly volume – previous year |
Price – monthly average |
|
DE/AT |
21,079,029 |
17,919,230 |
44.79 / 58.41 |
|
FR |
5,126,763 |
4,968,496 |
47.512 / 61.162 |
|
CH |
1,479,521 |
1,070,721 |
49.33 / 62.32 |
|
ELIX – European Electricity Index |
44.17 / 58.68 |
||
* Peak excl. weekend
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 69 % of the time.
On the EPEX SPOT Intraday market, a total volume of 1,480,388 MWh was traded in November 2012 (November 2011: 1,346,110 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 69 % of the time.
On the EPEX SPOT Intraday market, a total volume of 1,480,388 MWh was traded in November 2012 (November 2011: 1,346,110 MWh):
|
Areas |
Monthly volume |
Monthly volume – previous year |
|
DE/AT |
1,278,786 |
1,203,821 |
|
FR |
201,602 |
142,289 |
In November, cross-border trades represented 18 % of the total Intraday volume. Volume in 15-Minute contracts amounted to 83,110 MWh. In November, they represented 6.6 % of the volume traded on the German Intraday market.
Power derivatives markets in detail:
The volume in power derivatives trading on EEX Power Derivatives amounted to 92.9 TWh in November (November 2011: 76.1 TWh) and can be broken down as follows:
|
Products |
Monthly |
Monthly volume – previous year |
Settlement price on 30/11/2012 for the |
|
82,715,716 |
70,599,107 |
46.00 / 57.53 |
|
|
French Futures |
2,392,582 |
5,264,202 |
48.50 / 62.23 |
|
Phelix Options |
7,785,500 |
219,600 |
|
In November, the total derivatives trading volume comprised 48.0 TWh from OTC clearing. On 30 November 2012, the open interest amounted to 476.6 TWh.
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 SE is a European company (Societas Europaea) based in Paris with a branch in Leipzig. 309.9 TWh have been traded from 1 January to 30 November 2012 on EPEX SPOT’s power markets. EPEX SPOT has currently 202 Exchange Members.
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 can trade financial settled power futures for Germany (Phelix Futures) and France (French Futures) as well as options on Phelix Futures. EEX AG holds 80 % of the shares in the company while the Powernext SA holds the remaining 20 %.
Clearing and settlement of all EPEX SPOT and EEX Power Derivatives transactions are provided by European Commodity Clearing AG (ECC) based in Leipzig. ECC is the clearing house of EEX and its partner Exchanges.