EPEX Spot / EEX Power Derivatives

Power Trading Results in April 2010 / volume record on the Power Derivatives Market

Leipzig, Paris, (PresseBox) - In the framework of their cooperation, the European Energy Exchange AG (EEX) and the French Powernext SA integrated their Power Spot and Derivatives Markets in 2009.

In April 2010, a total volume of 166.2 TWh was traded on the joint subsidiaries EPEX Spot SE and EEX Power Derivatives.

Power trading on the dayahead auctions on EPEX Spot accounted for a total of 21,954,563 MWh.

In April, a total of 795,825 MWh was traded on the Intraday market:

- Germany 708,600 MWh, same month of the previous year 344,708 MWh
- France 87,225 MWh, same month of the previous year 63,568 MWh

The trading volume on EEX Power Derivatives amounted to 143.4 TWh in April which is the highest monthly volume ever in power derivatives trading (same month of the previous year: 97.2 TWh). The total volume includes 5.3 TWh from trading in French Power Futures. The derivatives trading volume comprises 86.2 TWh from OTC clearing. On 30 April 2010, the open interest amounted to 552.1 TWh. On the Power Derivatives Market, the base load for the year 2011 was quoted at EUR 52.35 per MWh (Germany) and at EUR 55.50 per MWh (France) on 30 April 2010. The peak load price for the year 2011 amounted to EUR 67.80 per MWh (Germany) and to EUR 73.00 per MWh (France).

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.

European Energy Exchange AG

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.

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