Truly European. Truly energetic. Truly innovative.

Foreword by Ralph Danielski, CEO of EPEX SPOT

European Power Exchange: Our name defines our mission. In 2020, we got a huge step closer to fulfilling this ambition. Four more markets joined the ranks of EPEX SPOT: Denmark, Finland, Norway and Sweden. And the Polish Day-Ahead market was launched as we kicked off the new year. 

Truly European. Truly energetic. Truly innovative.

Truly European: Nordic Expansion

As a power exchange, competition is an integral part of our DNA. We foster competitive prices across the electricity sector by offering a platform for aggregated power trading. Our entrance into the Nordic markets finally brings this idea of competition to the level of power exchanges. With our European one-stop-shop trading solutions, we bring some new dynamism to the Nordic energy markets.

Truly energetic: Internal Energy Market

On another note, we faced the repercussions of Brexit. The British electricity wholesale market was decoupled from the European Internal Energy Market as of 1st January 2021. Together with market participants and relevant stakeholders, we managed to find an acceptable interim solution for our Day-Ahead auction – which today energises the British power market.

On another note, we faced the repercussions of Brexit. The British electricity wholesale market was decoupled from the European Internal Energy Market as of 1st January 2021. Together with market participants and relevant stakeholders, we managed to find an acceptable interim solution for our Day-Ahead auction – which today energises the British power market.

However, the inefficiency costs for industries and end consumers alike are significant, due to the loss of market coupling.

Market coupling, the parallel calculation of local volumes and cross-border capacities, is a European gold standard.

It is a decade-old innovation with huge benefits for our society, it is the tool of choice for the internal electricity market. This is why we support a fast transition towards a new enduring trading arrangement between GB and the EU, for both Intraday and Day-Ahead electricity trading.

Truly innovative: Make flexibility market-based

We continue to focus on our core markets, because we strive to provide the most robust electricity trading platforms, optimal block orders and contracts as well as world-class interfaces for automated power trading. And we are constantly looking for opportunities to foster the energy sector with our expertise of organised markets.

The way we produce and consume electricity is changing fundamentally.

With the decentralisation of power production, grids are under new pressure. Demand-side management needs to be enabled through transparency and intelligent grids and the aggregation of data. This is why we are looking into new market-based solutions for all parts of the energy sector. For example, the Enera pilot project, which was completed in 2020, is a first proof-of-concept for local flexibility markets. Stay tuned, further services and commercial projects will follow.

A knowledgeable and dedicated team

At the heart of EPEX SPOT is a highly knowledgeable and dedicated team, fostering together innovative market-based solutions which bring true value for the large variety of our customers to balance their energy portfolios – ultimately helping them to empower their energy transition.

I would like to thank all of our customers as well as our employees for their loyalty and dedication throughout the past year. The Covid-19 pandemic has brought many of us to our personal limits; however, as a community and as a team, we managed to navigate the crisis in an exemplary manner – while continuously delivering excellent services and projects of European scale. Thank you!

Ralph Danielski

Chairman of the Management Board
& Chief Executive Officer of EPEX SPOT