EPEX Spot Day Ahead Trading System (ETS) Successfully Launched in Germany/Austria and Switzerland

Paris/Leipzig, 30/09/2010 – For the first time, Day Ahead auction for the German/Austrian and Swiss market area was carried out on the new EPEX Spot Trading System (ETS) on Tuesday 28th September. Thus, from now on, the auctions in all of EPEX Spot’s market areas (Germany/Austria, France, Switzerland) are operated on a unique trading system, ETS. On the first trading day, 567,541 MWh were traded on the auction market of Germany/Austria, and 27,887 MWh on the Swiss market. Exchange members stated after the first trading days that they were satisfied with the new system that has proven to be user friendly and fast.

ETS has already been introduced successfully on the French Day Ahead market in June 2010. The trading system has also been used by Hungary’s power exchange HUPX since the month of July. The introduction of ETS is an essential contribution to harmonizing trading platforms in Europe. It furthermore facilitates the start of coupling European Day Ahead markets.
 

EPEX Spot SE operates the power spot markets for France, Germany, Austria and Switzerland (Day Ahead and Intraday). These countries account for more than one third of the European power consumption. EPEX Spot is a Paris-based company under European law (Societas Europaea). EEX and Powernext each hold 50 percent in the joint company, in which they integrated their entire spot power trading activities. 195 TWh were traded on the EPEX Spot power markets from 1st January to 30th September 2010 .