European Power Exchange wins Franco-German Economy Award
Paris, 10 December 2013 – European Power Exchange EPEX SPOT has been awarded the Jury Prize of this year’s Franco-German Economy Award. The jury, composed of key people from industry and media of the two countries, decided to honor EPEX SPOT as an outstand-ing example of Franco-German cooperation to the benefit of European society. The prize is awarded by the Franco-German Chamber of Commerce and Industry every two years and honors the most emblematic collaborations between France and Germany that contribute to the creation of a unified Europe.
EPEX SPOT is characteristic for these exemplary alliances for the sake of joining forces and sharing experience. In 2008, the Energy Exchanges in France and Germany decided to cre-ate on equal terms the European Power Exchange in order to contribute to the creation of a single European power market. As one of the engines at the core of market integration, the economic advantages carried out by the activities of EPEX SPOT are tremendous. By im-plementing powerful and reliable cross-border trading systems, the power markets of Ger-many, France, Austria and Switzerland get closer every day benefitting the entire economical system in Europe. As an internationally acknowledged actor EPEX SPOT is one of the front-runners of the integration process of the physical power markets in Europe and cooperates with partners worldwide to share its know-how of the sector and its experience in successfully integrating the intercultural diversity within the company. The jury decided to praise this extraordinary achievement by dedicating the Jury Prize to the company.
Jean-François Conil-Lacoste, Chairman of the Management Board of EPEX SPOT, says: “We are deeply touched and proud to receive this Franco-German award. It valorizes our exemplary and indispensible cooperation at the center of the European energy 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. This year, 314 TWh were traded on EPEX SPOT’s power markets until 30 November 2013.