Power Trading Results in September 2013 - Franco-German price convergence at year-high
Paris, 3 October 2013. In September 2013, a total volume of 26.0 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (September 2012: 26.5 TWh). Prices within the French and the German market, both coupled with the Benelux markets within Central Western Europe (CWE), converged 73% of the time. This is the highest figure since September 2012 (75%). Price convergence is one of the most visible results of Market Coupling and epitomizes the effectiveness of power market integration.
Day-Ahead markets
In September 2013, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 24,196,474 MWh (September 2012: 25,144,130 MWh) and can be broken down as follows:
|
Areas |
Monthly volume |
Monthly volume – previous year |
Price – monthly average |
|
|
DE/AT |
18,649,183 |
19,502,886 |
41.71 / 54.27 |
|
|
FR |
4,160,443 |
4,426,740 |
43.30 / 58.19 |
|
|
CH |
1,386,848 |
1,214,504 |
44.07 / 57.52 |
|
|
ELIX – European Electricity Index |
41.19 / 55.11 |
|||
* Peak excl. weekend
Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 1,804,450 MWh was traded in September 2013 (September 2012: 1,374,857 MWh).
|
Areas |
Monthly volume MWh |
Monthly volume – previous year MWh |
|
DE/AT |
1,551,826 |
1,228,029* |
|
FR |
179,451 |
146,828 |
|
CH |
73,173 |
0** |
* without Austrian market, which was launched in October 2012 // ** Swiss market launched in June 2013
In September, cross-border trades represented 22% of the total Intraday volume. Volume in 15-Minute contracts amounted to 248,820 MWh. In September, they represented 15.6% of the volume traded on the German and Swiss Intraday markets.
***
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. 255 TWh were traded on EPEX SPOT’s power markets in the first nine months of 2013.