Monthly Power Trading Results of November 2023
Amsterdam / Berlin / Bern / Brussels / London / Paris / Vienna, 5 December 2023
- A total volume of 62.6 TWh was traded on EPEX SPOT markets in November 2023 (November 2022: 51.2 TWh). This represents an overall increase of 22.2% on year.
EPEX Day-Ahead
- Power trading on the Day-Ahead markets on EPEX SPOT accounted for 46,947.4 GWh (November 2022: 39,324.7 GWh).
- Danish and British Day-Ahead markets registered a new monthly record.
EPEX Intraday
- On the EPEX SPOT Intraday markets, a total volume of 15,633.9 GWh was traded (November 2022: 11,898.6 GWh). This represents an increase of 31.4% on year.
- The following Intraday markets reached a new record traded volume on continuous segment: Belgium, Denmark, Great Britain and Netherlands.
In November 2023, 737.4 GWh were traded on the monthly auction for Guarantees of Origin.
Furthermore, the CEOs of the power exchanges representing all Nominated Electricity Market Operators (NEMOs) released an Open letter expressing their concern about the proposed Single Legal Entity (SLE) in the European Electricity Market Design (EMD) reform. Our CEO Ralph Danielski stressed the dangers of EU Commission's proposal to centralise Market Coupling operations in a Single Legal Entity, in an interview given, together with Tom Darell, CEO of Nord Pool, to leading commodities media Platts.
Moreover, EPEX SPOT has been selected in the Flex Markets Unlocked Innovation Programme, together with our partner Gridimp Ltd, from the Department for Energy Security and Net Zero's £1 billion Net Zero Innovation Portfolio.
More details on volumes and prices are available in the enclosed report from page 4. Please note that volumes are calculated by using the common industry standard in electricity and exchange business: For auction trading, the one-sided Market Clearing Volume is listed. For continuous trading, the aggregated sell & buy volume is divided by 2.
Members
In November, EPEX SPOT welcomed Enerdigit SAS, HSAT21 Energia SL, NGEN Smart Trading d.o.o., Trisolaris AG, and Uncia Energy LP - Series J as new members to the Exchange.
-ENDS
The European Power Exchange EPEX SPOT SE and its affiliates operate physical short-term electricity markets in Central Western Europe, the United Kingdom, Switzerland, the Nordics and in Poland. Furthermore, EPEX SPOT newly offers local flexibility markets solution and Guarantees of Origin auctions, to foster the integration of renewable energy sources and to enhance the engagement of consumers and producers in the power market. As part of EEX Group, a group of companies serving international commodity markets, EPEX SPOT is committed to the creation of a pan-European power market. More than 370 members trade electricity on EPEX SPOT. 49% of its equity is held by HGRT, a holding of transmission system operators.
For more information, please visit www.epexspot.com.