POWER FOR TODAY. POWER FOR TOMORROW.
Whether you want to trade power for today or the next day: EPEX SPOT is the exchange for the power spot markets at the heart of Europe. It covers Germany, France, United Kingdom, the Netherlands, Belgium, Austria, Switzerland and Luxembourg; markets representing 50% of European electricity consumption.
The Paris-based company with offices in Amsterdam, Bern, Brussels, Leipzig, London and Vienna has been created in 2008 through the merger of the power spot activities of the energy exchanges Powernext SA in France and EEX AG in Germany. In 2015, EPEX SPOT integrated with APX Group. Driving forward the integration of European power markets is the main goal of EPEX SPOT. Our transnational Day-Ahead and Intraday markets are its engine.
Vision & Values
EPEX SPOT and its markets are situated at the heart of Europe. This is why we are naturally driving forward the market-based integration of the European power market. It positions EPEX SPOT to become the European benchmark.
A growing, innovative and profitable European spot market necessitates excellent customer service. Our members make the market. A trusting relationship between an exchange and its members, as well as clear corporate governance are the keys to success.
Learn more about power wholesale markets on the following page.
EPEX SPOT is operated by EPEX SPOT SE which is a European company (a Societas Europaea or SE). EPEX SPOT SE is incorporated in France but the rules that are applicable to it are defined at European level. The foundation of a Societas Europaea (SE) allows companies incorporated in different member states to merge or form a holding company or joint subsidiary, while avoiding the legal and practical constraints arising from the existence of different legal systems.
EPEX SPOT SE equity capital is divided between EEX Group including Powernext (51%), and HGRT (49%), a holding composed of the transmission system operators Amprion, APG, Elia, RTE, Swissgrid and Tennet.
EPEX SPOT SE is a company with a two-tier governance system. The shareholders appoint a Supervisory Board, composed of outstanding actors of the European energy sector, which elects the Management Board, approves the strategy and budget of the company and controls the actions of the management.
The Management Board of EPEX SPOT SE is in charge of operating the Exchange. Its three members are:
- Mr Ralph Danielski, Chairman of the Management Board and Chief Executive Officer of EPEX SPOT,
- Mr Thierry Carol, Chief Financial Officer of EPEX SPOT,
- Mr Jonas Törnquist, Chief Operating Officer of EPEX SPOT.
Moreover, two independent bodies have been put in place in order to ensure state of the art governance rules. The Exchange Council ensures the appropriateness of the Market Rules and the Market Surveillance Office is responsible for monitoring the market.