In February 2011, a total volume of 116.8 TWh was traded on the Power Spot and Derivatives Market operated by EPEX Spot SE and EEX Power Derivatives (same month of the previous year: 112.3 TWh).
In February 2011, power trading on the day-ahead auctions on EPEX Spot accounted for a total of 24,195,345 MWh (February 2010: 21,034,205 MWh) and can be broken down as follows:
Areas | Volume Width | Volume for the previous year MWH | Base/peak on a monthly average Euro/MWh |
D/A | 17,818,291 |
15,594,411 |
50.86 / 61.65 |
FR | 5,503,810 | 4,730,780 | 53.615 / 59.263 |
CH | 873,244 | 709,014 | 61.24 / 68.19 |
ELIX - European Electricity Index | 52.26 / 58.30 |
On the Intraday market a total volume of 1,580,799 MWh was traded in February(same month of the previous year: 786,288 MWh):
- Germany 1,475,611 MWh, same month of the previous year 669,154 MWh
- France 105,188 MWh, same month of the previous year 117,134 MWh
In February, cross-border trades represented 9 percent of the total Intraday volume.
The volume in power derivatives trading on EEX Power Derivatives amounted to91.0 TWh in February (same month of the previous year: 90.4 TWh). The total volume includes 6.3 TWh from trading in French Power Futures. The derivatives trading volume comprises 47.5 TWh from OTC clearing. On 28 February 2011, the open interest amounted to 582.4 TWh. On the Power Derivatives Market, the base load for the year 2012 was quoted at EUR 53.22 per MWh (Germany) and at EUR 54.68 per MWh (France) on 28 February 2011. The peak load price for the year 2012 amounted to EUR 65.36 per MWh (Germany) and to EUR 68.50 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 on EEX Power Derivatives can trade power futures and options with financial settlement as well as futures with physical 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 February 2008, is based in Leipzig and also has a branch in Paris.
EPEX Spot SE operates the power spot markets for France, Germany, Austria andSwitzerland (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. 279 TWh were traded on the EPEX Spot power markets in 2010.
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.