AMSTERDAM/BRUSSELS/LONDON, 2 September 2014
Power spot and clearing exchange APX today announces the volumes of its power markets for the month of August. A total volume of 7.86 TWh was traded and cleared across all markets, up by 12% year-on-year.
A total of 161,614 trades were placed across the APX power spot markets.
The Power NL Day-Ahead auction recorded 3.65 TWh traded in August. The volumes traded on the Dutch Intraday remained healthy with a total of 105 GWh traded.
A total of 69,501 trades were registered on the Dutch power market in August.
The Belpex Day-Ahead auction experienced another successful month. Volumes traded in August totalled 1.75 TWh, up by 47%. The Belpex Intraday market recorded 80 GWh traded over the month.
A total of 25,032 trades were registered on the Belgian power market.
The Power UK market witnessed strong growth and registered 2.27 TWh traded and cleared across the markets. The volumes on the Continuous market recorded a total of 1.21 TWh, exceeding August ’13 volumes by 13%. The Power UK Day-Ahead auction reached an all-time record with 1.05 TWh, up by 57% year-on-year. The all-time daily record was reached on 30 August 2014 when a total of 82,075 MWh was traded.
The Power UK OTC Bilateral clearing registered 11 GWh.
A total of 67,081 trades were registered on the UK power market in August.
Price Convergence and Day-Ahead Indices
In August, the CWE region had full price convergence for approximately 4% of the time. The Dutch price converged with the German price 17% and with the Belgian price 96% of the time. The Belgian price was converging with the French price 7% of the time.
The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €37.81/MWh in August. 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 £37.82/MWh.
UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £48.67/MWh on 15 August and a low of £29.84/MWh on 11 August.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £60.51/MWh on 15 August and a low of £30.02/MWh on 3 August.