Power Trading Results in June 2013 - Swiss Intraday takes off quickly
Paris, 3 July 2013. In June 2013, a total volume of 28.4 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (June 2012: 28.6 TWh). The Swiss Intraday market, launched on 26 June 2013, has quickly gained traction amongst market participants. 16 of 28 Swiss market participants have already traded during the first five days.
Day-Ahead markets
In June 2013, power trading on the Day-Ahead auctions on EPEX SPOT accounted for a total of 26,359,275 MWh (June 2012: 27,058,048 MWh) and can be broken down as follows:
|
Areas |
Monthly volume |
Monthly volume – previous year |
Price – monthly average |
|
|
DE/AT |
20,863,801 |
20,237,640 |
27.82 / 38.00 |
|
|
FR |
4,017,549 |
5,135,380 |
23.39 / 38.73 |
|
|
CH |
1,477,926 |
1,685,028 |
28.11 / 39.45 |
|
|
ELIX – European Electricity Index |
24.39 / 36.86 |
|||
* Peak excl. weekend
Prices within the French and the German market, both coupled with the Benelux markets within Central Western Europe (CWE), converged 57 % of the time.
Intraday markets
On the EPEX SPOT Intraday markets, a total volume of 2,048,695 MWh was traded in June 2013 (June 2012: 1,500,773 MWh). This is the second best result since their creation and the second time ever that monthly Intraday volumes cross the 2 TWh mark.
|
Areas |
Monthly volume MWh |
Monthly volume – previous year MWh |
|
DE/AT |
1,852,575 |
1,149,245 * |
|
FR |
188,246 |
143,305 |
|
CH |
7,874 |
0** |
* without Austrian market, which was launched in October 2012 // ** Swiss market launched in June 2013
In June, cross-border trades represented 14.8 % of the total Intraday volume. Volume in 15-Minute contracts amounted to 260,668 MWh. In June, they represented 14.3 % of the volume traded on the German and Swiss Intraday market. This is a 9 % increase from previous record in May 2013 (238,183 MWh).
The Swiss Intraday market quickly took off and saw a steadily growing liquidity and trading activity during the first five days of operation. Every possible contract combination was traded: hourly and 15-minute contracts, both locally and cross-border. The strong interaction with neighbouring markets is one of the key advantages of the integrated Swiss Intraday market and has been tangible from the start.
***
The European Power Exchange 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 power consumption. EPEX SPOT is a European company (Societas Europaea) based in Paris with a branch in Leipzig. 170.3 TWh were traded on EPEX SPOT’s power markets in the first six months of 2013.
Clearing and settlement of all EPEX SPOT transactions are provided by European Commodity Clearing AG (ECC), the clearing house based in Leipzig.