Trading fees for German 15-minute Intraday auction reduced to 0.07 EUR/MWh
Leipzig / Paris, 16 June 2016.
At the quarterly meeting of the Exchange Council of the European Power Exchange EPEX SPOT, the members elected Bernhard Walter, Head of Market Design & Regulatory Affairs at EnBW AG, as the new Chairperson of the Exchange Council. He follows Peter Heydecker who steps down after four years.
The members of the Exchange Council also agreed on a restructuration of the Council in the light of the merger with APX. The election of the following representatives was approved by the Exchange Council in order to keep a balanced representation of the membership structure of EPEX SPOT:
· Mr. Andreas Bader, Vice President Shift Trading & Market Access at Statkraft,
· Mr. Andreas Gelfort, Head of Benelux/UK Power/Cross Commodity & Emission Trading and Managing Director at Vattenfall Energy Trading Netherlands,
· Mrs. Therese Gjerde, Vice President - Head of Spot Management at Bergen Energi,
· and Mr. Lucien Wiegers, Director Trading at Eneco Energy Trade.
Furthermore, Vincent van Lith, ABN AMRO Bank Frankfurt Branch, was appointed as new member for the category banks, financial services providers and clearing banks.
“The extended Exchange Council perfectly reflects the new setup of the enlarged European Power Exchange”, says Jean-François Conil-Lacoste, Chairperson of the Management Board of EPEX SPOT, and adds: “We cordially thank Peter Heydecker for his long-standing contribution to the Exchange Council and wish him all the best for the future.”
The Exchange Council was also informed about the reduction of the trading fee of the German Intraday auction for 15-minute contracts. Today set at 0.10 EUR/MWh – in line with the fees on the continuous market –, it is foreseen to decrease the 15-minute auction trading fee to 0.07 EUR/MWh in Q4 2016.
“The fee reduction is a sign of the maturity of this market segment launched only 18 months ago”, says Bernhard Walter and adds: “It will further foster the liquidity of 15-minute contracts and will attract more companies to this market.”
The second Exchange Council meeting of 2016 was held on 15 June 2016 in Leipzig and was chaired by Bernhard Walter.
- ENDS
The Exchange Council of EPEX SPOT is an official body of the Exchange. 26 members and 4 permanent guests represent adequately the diversity of economic and corporate profiles that exists among the Exchange Members from various sectors: producers, power trading companies, transmission system operators, regional suppliers and financial service providers, as well as commercial consumers and academics. Its missions include in particular the adoption of the Exchange Rules and the Code of Conduct of EPEX SPOT and their amendments. The Exchange Council approves new trading systems as well as new contracts or market areas and approves the appointment of the Head of the Market Surveillance Office. It meets up quarterly.
The European Power Exchange EPEX SPOT SE and its affiliates operate physical short-term electricity markets in Central Western Europe and the United Kingdom. The creation of a pan-European power market is what defines EPEX SPOT’s mission. In 2015, its 280 members traded 566 TWh – a third of the domestic consumption in these eight countries. 49% of its equity is held by HGRT, a holding of transmission system operators. EPEX SPOT is part of EEX Group. For more information, please visit www.epexspot.com.