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EEX Power Derivatives/EPEX Spot: Power Trading Results in January 2010
In January 2010, a total volume of 133.9 TWh was traded on the joint subsidiaries EPEX Spot SE and EEX Power Derivatives.
Power trading in the dayahead auction on EPEX Spot accounted for in total 21 834 564 MWh of this and can be broken down as follows:
In January, a total of 839 977 MWh was traded on the intraday market:
- Germany 719 134 MWh, same month of the previous year 252 685 MWh
- France 120 843 MWh, same month of the previous year 97 135 MWh
The volume in power derivatives trading on EEX Power Derivatives amounted to 111.3 TWh in January (same month of the previous year: 78.4 TWh). This includes 5.1 TWh from trading in French Power Futures. The derivatives trading volume comprises 79.5 TWh from OTC clearing. On 29 January 2010, the open interest amounted to 526.8 TWh. On the Power Derivatives Market, the base load for the year 2011 was quoted at EUR 49.42 per MWh (Germany) and at EUR 51.51 per MWh (France) on 29 January 2010. The peak load price for the year 2011 amounted to EUR 67.32 per MWh (Germany) and to EUR 73.00 per MWh (France).
EEX Power Derivatives GmbH operates the German and the French Power Derivatives Market and, hence, occupies a central position in power trading in Continental Europe: The trading participants can trade both Phelix Futures and Options with financial settlement and power futures settled physically with delivery to Germany and France. EEX AG holds 80 percent of the shares in EEX Power Derivatives GmbH and the French Powernext SA holds the remaining 20 percent. EEX Power Derivatives GmbH, established on 1 January 2008, is based in Leipzig and also has a branch in Paris.
EPEX Spot SE is a Parisbased company under European law (Societas Europaea) with a branch in Leipzig. EEX and Powernext each hold 50 percent in the joint company, in which they have integrated their entire spot power trading activities. The product range of EPEX Spot SE encompasses spot power trading for France, Germany/Austria and Switzerland. Together these countries account for more than one third of the European power consumption.
Clearing and settlement of all EPEX Spot and EEX Power Derivatives transactions are provided by European Commodity Clearing AG (ECC), based in Leipzig, the clearing house of EEX and its partner exchanges.
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