Annual Trading Results of 2024 – Power Trading on EPEX SPOT reaches all-time high
28 January 2025. A total of 868 TWh (1,529 TWh double sided[1]) was traded on the power markets of EPEX SPOT in 2024. This represents a new record, surpassing the all-time high of the previous year by 21%.
Day-Ahead volume reached 654 TWh (2023: 542 TWh) and trading activity on the Intraday market amounted to a total of 215 TWh (2023: 176 TWh). This represents an increase of 21% and 22% respectively, both results are new records. The launch of coupled Intraday auctions in June 2024 within the Single Intraday Coupling (SIDC) also brought a new dynamic to this market segment. The French capacity auction registered an annual traded volume of 48 GW, while the multilateral spot auction for Guarantees of Origin (GOs) reached 4,773 GWh.
Ralph Danielski, Chief Executive Officer of EPEX SPOT, comments: “The trading activity we witnessed on our platforms in 2024 heralds what European power markets have in store for the future: These markets are an essential pillar for a sector in transition. The opportunities they provide to market participants keep growing. The annual trading results reflect that. I warmly thank our members for their trust and support.”
Jonas Törnquist, Chief Operational Officer of EPEX SPOT, adds: “The short-term power market remains very dynamic, even more so as production transitions to intermittent assets and as the consumption-side becomes more and more electrified. We pride ourselves in providing the most performant and best-in-class solutions to our customers. In the past year, next to the historical power markets, newer segments like Localflex and the GOs markets have picked-up, offering new opportunities to accelerate the energy transition.”
Besides the many projects and upgrades delivered in 2024, EPEX SPOT has also experienced a technical incident in June 2024, leading to a partial decoupling of the Single Day-Ahead Coupling (SDAC). While the incident itself was solved within hours, it opened a debate on European level that has been facilitated by EPEX SPOT about improving the fallback measures in place within the Market Coupling setup. “The incident paved the way for progress. We are determined to achieve positive change from this, and the foundation for these changes has been laid in the past year in close cooperation with our trading members”, states Ralph Danielski.
[1] Please note that all EPEX SPOT traded volumes are calculated by using the common industry standard in electricity and exchange business: For auction trading, the one-sided Market Clearing Volume is listed. Similarly, for continuous trading, the aggregated sell & buy volume is divided by two. The total double-sided volumes for EPEX SPOT in 2024 reach 1,528.65 TWh.
Yearly market review - Highlights
More details on volumes and prices are available in the enclosed report from page 7.
Traded Volumes & records
Yearly index price in €/MWh - Day-Ahead
Projects and go-lives
Members
-ENDS
The European Power Exchange EPEX SPOT operates physical electricity markets for the largest trading community in Europe, with over 400 companies connected to our platforms. Committed to innovation, we deliver a full range of services across the value chain of electricity trading, with the highest standards of performance. Our gateway of market solutions include Day-Ahead, Intraday and After-market power trading, Capacity and Guarantees of Origin (GOs) auctions, Local Flexibility and Data services.
Building on its unique expertise as a co-creator of the Internal Energy Market for electricity, EPEX SPOT’s services span over 19 countries: From power trading across Central Western Europe, the United Kingdom, Switzerland, the Nordics and Poland to Market Operation services in Ireland, Hungary, Montenegro, North Macedonia, Serbia and Slovenia. In the environmental market, EPEX SPOT’s Pan-European GOs auctions cover a scope of 22 countries.
As part of EEX Group, a group of companies serving international commodity markets, EPEX SPOT enables a price-responsive power system, to achieve a competitive and climate neutral Europe. 49% of its equity is held by a holding of major European Transmission System Operators.
For more information, please visit www.epexspot.com