APX Reports February Power Trading and Clearing Volumes

AMSTERDAM/BRUSSELS/LONDON, 5 March 2014

Power spot and clearing exchange APX today announces the volumes of its power markets for the month of February. A total of 6.40 TWh was traded and cleared on the exchange.
A total of 134,082 trades were placed across the APX power spot markets.

Volumes traded on the Power NL Day-Ahead auction recorded 3.54 TWh, while 73 GWh was traded on the Dutch Intraday market.
A total of 56,942 trades were registered on the Dutch power market in February.

The Belpex Day-Ahead auction recorded 1.10 TWh in February while 61 GWh was traded on the Belpex Intraday market.
A total of 24,517 trades were registered on the Belgian power market.

The Power UK market registered a total of 1.62 TWh traded and cleared. The Continuous market remained unchanged from the previous month but up by 4% from February 2013, and recorded a total of 1.21 TWh. Power UK Day-Ahead auction saw 403 GWh traded during February.
Power UK OTC Bilateral clearing registered 9 GWh.
A total of 52,623 trades were registered on the UK power market in February.

Price Convergence and Day-Ahead Indices

The European market integration was extended in February with NWE market coupling launched on 4 February 2014. The new solution connects the electricity markets of Belgium, Denmark, Estonia, Finland, France, Germany, Austria, GB, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, Poland (via the SwePol link) and Sweden.

In February, the CWE region had full price convergence for approximately 25% of the time. The Dutch price converged with the German price 26% and with the Belgian price 57% of the time. The Belgian price was converging with the French price 100% of the time.

The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €43.44/MWh. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €38.69/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £44.65/MWh.

New Members

APX welcomed a new independent supplier to its Power UK market when Flow Energy Ltd joined the exchange at the beginning of February. APX offers a robust, transparent and non-discriminatory market place for generators and suppliers to trade energy on APX Power UK Day-Ahead and Continuous markets. With the new membership of Flow Energy, the Power UK market had 66 members at the end of February.

Spot Indices

UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £54.98/MWh on 10 February and a low of £38.36/MWh on 23 February.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £66.58/MWh on 10 February and a low of £43.94/MWh on 22 February.

– ENDS

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