AMSTERDAM/BRUSSELS/LONDON, 2 April 2014
Power spot and clearing exchange APX today announces the volumes of its power markets for the month of March. A total of 7.72 TWh was traded and cleared on the exchange, indicating healthy growth from the previous months.
A total of 150,475 trades were placed across the APX power spot markets.
The Power NL market saw this year’s highest volume traded in March. The Power NL Day-Ahead auction reached 3.89 TWh traded while 84 GWh was traded on the Dutch Intraday market, with a record high number of trades placed on the Intraday market.
A total of 63,803 trades were registered on the Dutch power market in March, of which 2,828 on the Intraday market.
Volumes traded on the Belpex markets were also the highest in 2014 so far. The volume on the Belpex Day-Ahead auction remained unchanged from March 2013 with 1.64 TWh traded while 62 GWh was traded on the Belpex Intraday market.
A total of 26,836 trades were registered on the Belgian power market.
The Power UK market registered a total of 2.04 TWh traded and cleared. The Continuous market recorded a total of 1.20 TWh. Power UK Day-Ahead auction experienced a successful month with 829 GWh traded during March, exceeding the March 2013 volume by 17%.
Power UK OTC Bilateral clearing registered 12 GWh.
A total of 59,836 trades were registered on the UK power market in March.
Price Convergence and Day-Ahead Indices
In March, the CWE region had full price convergence for approximately 26% of the time. The Dutch price converged with the German price 28% and with the Belgian price 65% of the time. The Belgian price was converging with the French price 82% of the time.
The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €40.26/MWh. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €37.39/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £44.06/MWh.
UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £50.63/MWh on 3 March and a low of £38.65/MWh on 19 March.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £58.85/MWh on 3 March and a low of £41.48/MWh on 20 March.