Elia System Operator and TenneT Holding confirm the launch of dedicated power spot and clearing exchange APX as of today

Amsterdam/Arnhem/Brussels, 1 March 2013

Following the announcement on 17 September 2012 regarding the intention to split APX-ENDEX into a power spot and clearing entity and a derivatives and spot gas entity; electricity transmission system operators TenneT Holding B.V. and Elia System Operator SA confirm the go-live of the new spot power exchange APX as of today, 1 March 2013.

With increased strategic flexibility, APX remains as a leading trading platform for power spot contracts across Belgium, the Netherlands and the UK. It is driven by the dedication to further develop these markets and provide the best trading and clearing solutions to its market participants. It will continue its focus on European electricity market integration together with the TSOs and other power exchanges and will remain dedicated to respond to the needs of the market by providing quality products and services.

APX will continue to provide premier clearing services. All power spot trades executed on the APX platform will be cleared by APX, and APX will provide spot trade clearing services also to other exchanges, further strengthening the current efficient spot market clearing solution to the benefit of all market participants.

APX is headed by Bert den Ouden, the former CEO of APX-ENDEX, and James Matthys-Donnadieu, the current CEO of Belpex and former Management Board member of APX-ENDEX.

The share capital is held by TenneT Holding B.V. (70.8%) and Elia System Operator SA (29.2%).

The Belgian entity Belpex keeps its current name under the new organisation. The existing offices remain in Amsterdam, Brussels, London and Nottingham.

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