AMSTERDAM/BRUSSELS/LONDON, 5 August 2014
Power spot and clearing exchange APX today announces the volumes of its power markets for the month of July. The total volume of the exchange went up by 5% year-on-year, reaching a total of 7.38 TWh traded and cleared in July.
A total of 156,481 trades were placed across the APX power spot markets.
The Power NL Day-Ahead auction recorded a healthy volume of 3.74 TWh traded during July. The volume on the Dutch Intraday experienced an all-time high with 111 GWh traded.
A total of 69,429 trades were registered on the Dutch power market in July.
The volumes traded on the Belpex markets experienced strong growth in July. The Belpex Day-Ahead auction recorded strong growth year-on-year with 1.48 TWh traded, up by over 30%. The Belpex Intraday market also witnessed increased volumes with a total of 82 GWh traded.
A total of 23,588 trades were registered on the Belgian power market.
The Power UK market experienced 6% increase year-on-year throughout the markets and registered a total volume of 1.97 TWh traded and cleared. The volumes on the Continuous market recorded a total of 1.10 TWh while the Power UK Day-Ahead auction experienced similar growth and reached a total of 869 GWh.
The Power UK OTC Bilateral clearing registered 2 GWh.
A total of 63,464 trades were registered on the UK power market in July, of which record high 20,706 trades were placed on the Power UK Day-Ahead auction.
Price Convergence and Day-Ahead Indices
In July, the CWE region had full price convergence for approximately 17% of the time. The Dutch price converged with the German price 56% and with the Belgian price 92% of the time. The Belgian price was converging with the French price 23% of the time.
The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €34.42/MWh in July. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €33.77/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £35.42/MWh.
UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £43.44/MWh on 7 July and a low of £32.13/MWh on 9 July.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £54.68/MWh on 7 July and a low of £33.52/MWh on 9 July.