EPEX SPOT/EEX Power Derivatives: Power Trading results in September 2012
Paris | Leipzig, 4 October 2012. In September 2012, a total volume of 26.5 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (September 2011: 25.9 TWh).
During the same period, the volume in power derivatives trading on EEX Power Derivatives amounted to 67.7 TWh (September 2011: 79.2 TWh).
Power spot markets in detail:
In September 2012, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 25,144,130 MWh (September 2011: 24,580,033 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 | 19,502,886 | 18,436,065 | 44.67 / 54.66 |
| FR | 4,426,740 | 5,127,099 | 46.317 / 57.539 |
| CH | 1,214,504 | 1,016,869 | 47.47 / 57.64 |
| Elix - European Electricity Index | 43.44 / 54.90 | ||
* 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 75 % of the time.
On the EPEX SPOT Intraday market, a total volume of 1,374,857 MWh was traded in September 2012 (September 2011: 1,271,865 MWh):
| Areas | Monthly volume MWh |
Monthly volume - previous year MWh |
| DE | 1,228,029 | 1,126,239 |
| FR | 146,828 | 145,626 |
In September, cross-border trades represented 14.7 % of the total Intraday volume. Volume in 15-Minute contracts amounted to 142,897 MWh. In September, they represented 11.6 % 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 67.7 TWh in September (September 2011: 79.2 TWh) and can be broken down as follows:
| Products | Monthly volume MWh |
Monthly volume - previous year MWh |
Settlement price on 28/09/2012 for the Year Future (Base/Peak) Euro/MWh |
| Phelix Futures | 63,384,257 | 73,830,780 | 47.76 / 59.38 |
| French Futures | 1,244,069 | 4,375,020 | 50.18 / 64.05 |
| Phelix Options | 3,112,050 | 966,120 | - |
In September, the total derivatives trading volume comprised 30.8 TWh from OTC clearing. On 28 September 2012, the open interest amounted to 471.5 TWh.
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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. 170.7 TWh have been traded in the first six months of 2012 on EPEX SPOT’s power markets. EPEX SPOT has currently 197 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.