EPEX SPOT / EEX Power Derivatives: Power Trading Results in February

(PresseBox) ( Paris/Leipzig, )
In February 2012, a total volume of 26.2 TWh was traded on EPEX SPOT's auction and intraday markets (February 2011: 25.8 TWh).

During the same period, the volume in power derivatives trading on EEX Power Derivatives amounted to 93.9 TWh in February (February 2011: 91.0 TWh).

In February 2012, power trading on the day-ahead auctions on EPEX SPOT accounted for a total of 24,742,127 MWh (February 2011: 24,195,345 MWh) and can be broken down as follows (see attachment).

On the Intraday market of EPEX SPOT a total volume of 1,481,590 MWh was traded in February (same month of the previous year: 1,580,799 MWh):

- Germany 1,217,201 MWh (February 2011: 1,475,611 MWh)
- France 264,389 MWh (February 2011: 105,188 MWh)

In February, cross-border trades represented 8 percent of the total Intraday volume.

The volume in power derivatives trading on EEX Power Derivatives amounted to 93.9 TWh in February (February 2011: 91.0 TWh). The total volume includes 3.2 TWh from trading in French Futures. The total derivatives trading volume comprises 44.8 TW from OTC clearing. On 29 February 2012, the open interest amounted to 541.3 TWh. On the Power Derivatives Market, the base load for the year 2013 was quoted at EUR 52.99 per MWh (Germany) and at EUR 53.00 per MWh (France) on 29 February 2012. The peak load price for the year 2013 amounted to EUR 65.34 per MWh (Germany) and to EUR 66.50 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. Market participants can trade financial settled power futures for Germany (Phelix-Futures) and France (French Futures) as well as options on Phelix Futures. EEX AG holds 80 % of the shares in the company while the French Powernext SA holds the remaining 20 %.

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 electricity consumption. EPEX SPOT is a Paris-based company under European law (Societas Europaea) with a branch in Leipzig. A volume of 314 TWh has been traded in 2011 on the EPEX SPOT power markets.

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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