Successful First Month of Operations for APX

AMSTERDAM/BRUSSELS/LONDON

– Dutch and UK Day-Ahead Actions experience growth by reaching new records in traded volumes
– Intraday markets in the Netherlands and Belgium deliver record volumes

Power spot and clearing exchange APX, launched as a result of a demerger of APX-ENDEX, today announces the volumes of its power markets for the first month of operations. A total volume of 8.15 TWh was traded and cleared on the exchange in March, which is an all time high and an increase of 10% compared to the power spot volumes traded on the exchange in March 2012. This growth is indicative of the strong position which the exchange holds within the European power markets.
A total of 170,196 trades were placed across the APX power spot markets.

The volumes traded on the Power NL Day-Ahead auction reached 4.29 TWh, an increase of 5% from March 2012. The Dutch Intraday market experienced a monthly record, with 107 GWh traded.
A total of 87,309 trades were registered on the Dutch power market in March.

The volumes recorded on the Belpex Day-Ahead auction remained steady year-on-year with 1.65 TWh traded. Like the Dutch market, the Belpex Intraday market witnessed an all time high with a total of 102 GWh traded.
A total of 24,983 trades were registered on the Belgian power market in March.

The Power UK market experienced growth in traded volumes and reached a total record volume of 2 TWh. A total of 1.29 TWh was traded on the continuous market. Volumes traded on the Day-Ahead auction reached an all time record with 708 GWh traded, up by over 70% from March 2012, demonstrating strong support from the market participants.
A record high number of 57,904 trades were registered on the UK power market in March.

CWE Price Convergence

In March, the entire CWE region had full price convergence for approximately 5% of the time. The Dutch market was connected 81% of the time with at least one neighbouring country (Germany or Belgium) and the Belgian market experienced convergence with a neighbouring market (The Netherlands or France) 100% of the time.

Spot Indices

In March, the Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €58.52/MWh. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €60.24/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £59.20/MWh.

UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £78.50/MWh on 27 March and a low of £48.11/MWh on 8 March.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £97.70/MWh on 22 March and a low of £55.04/MWh on 10 March.

– ENDS

Download press release