New monthly record: French markets reach 6 TWh
Paris, 4 March 2013. In February 2013, a total volume of 26.8 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (February 2012: 26.2 TWh). The French Day-Ahead and Intraday markets displayed particularly good results, with all-time records in trading volumes on both market segments despite the shorter month. Together, they accounted for roughly 6 TWh.
Day-Ahead markets
In February 2013, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 25,359,672 MWh (February 2012: 24,742,127 MWh) and can be broken down as follows:
|
Areas |
Monthly volume |
Monthly volume – previous year |
Price – monthly average |
|
|
DE/AT |
18,376,904 |
18,190,156 |
44.62 / 56.08 |
|
|
FR |
5,673,213 |
5,418,995 |
54.46 / 63.44 |
|
|
CH |
1,309,555 |
1,132,976 |
56.48 / 64.57 |
|
|
ELIX – European Electricity Index |
48.91 / 59.48 |
|||
* Peak excl. weekend
Trading volume on the French Day-Ahead market registered a new all-time high. The new record is a 2 % increase from previous record in October 2012 (5,543,422 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 13 % of the time.
Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 1,442,034 MWh was traded in February 2013 (February 2012: 1,481,590 MWh):
|
Areas |
Monthly volume |
Monthly volume – previous year |
|
DE/AT |
1,144,539 |
1,217,201* |
|
FR |
297,495 |
264,389 |
* without Austrian market, which was launched in October 2012
Trading volume on the French Intraday market registered a new all-time high. The new record is a 13 % increase from previous record in February 2012 (264,389 MWh).
In February, cross-border trades represented 11.2 % of the total Intraday volume. Volume in 15-Minute contracts amounted to 97,215 MWh. In February, they represented 8.7 % of the volume traded on the German Intraday market.
***
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. 339 TWh have been traded in 2012 on EPEX SPOT’s power markets.
Clearing and settlement of all EPEX SPOT transactions are provided by European Commodity Clearing AG (ECC), the clearing house based in Leipzig.