Power Trading results in July 2013 - Upsurge in Intraday cross-border trading
New all-time high on Swiss Day-Ahead – Fifth record in a row for 15-minute contracts
Paris, 2 August 2013. In July 2013, a total volume of 29.8 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (July 2012: 27.8 TWh). In July, cross-border trades on the Intraday markets jumped to 25.7 % of the total Intraday volume (from 14.8 % in June 2013) – this is a new record due to the launch of the integrated Swiss Intraday market. The figure is proof of the high interaction of EPEX SPOT’s Intraday markets and shows the benefits of European power market integration.
Day-Ahead markets
In July 2013, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 27,759,196 MWh (July 2012: 26,275,798 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 | 21,503,648 | 20,080,008 | 36.42 / 44.52 |
| FR | 4,363,712 | 4,589,388 | 34.36 / 44.99 |
| CH | 1,891,836 | 1,606,402 | 36.24 / 45.34 |
| ELIX – European Electricity Index | 34.06 / 43.32 | ||
* Peak excl. weekend
The Swiss Day-Ahead market reached a new monthly all-time high with 1,891,836 MWh traded. This is a 6 % increase over the last record (1,791,139 MWh in May 2013).
Prices within the French and the German market, both coupled with the Benelux markets within Central Western Europe (CWE), converged 66 % of the time.
Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 2,020,511 MWh was traded in July 2013 (July 2012: 1,492,900 MWh).
| Areas | Monthly volume MWh | Monthly volume – previous year MWh |
| DE/AT | 1,707,267 | 1,361,962* |
| FR | 230,091 | 130,938 |
| CH | 83,153 | 0** |
* without Austrian market, which was launched in October 2012 // ** Swiss market launched in June 2013
Volume in 15-Minute contracts amounted to 307,058 MWh. This is an 18 % increase from previous record in June 2013 (260,668 MWh) and the fifth monthly record in a row. In July, they represented 17.5 % of the volume traded on the German and Swiss Intraday market.
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The European Power Exchange 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 power consumption. EPEX SPOT is a European company (Societas Europaea) based in Paris with a branch in Leipzig. 200 TWh were traded on EPEX SPOT’s power markets in the first seven months of 2013.
Clearing and settlement of all EPEX SPOT transactions are provided by European Commodity Clearing AG (ECC), the clearing house based in Leipzig.