APX Reaches Another All Time High; Power UK Breaks Records

•   Total traded and cleared volume 10.39 TWh, up by 62% year-on-year
•   All Day-Ahead auctions record growth; Power UK Day-Ahead auction experiences over 790%       increase in traded volumes
•   Newly launched Power UK Half Hour Day-Ahead auction sees a good start with 119 GWh traded in February

AMSTERDAM/BRUSSELS/LONDON, 3 March 2015

Power spot and clearing exchange APX today announces the volumes of its power markets for the month of February. The trend of continuous growth was once again evident as a total of 10.39 TWh was traded and cleared across all markets in February, reaching an all-time high and up by 62% from February 2014.

The Power NL Day-Ahead auction experienced another month of steady volumes year-on-year by recording a total of 3.55 TWh traded while 64 GWh was traded on the Dutch Intraday market.

The Belpex Day-Ahead auction recorded 1.79 TWh traded in February, up by 63% from February ’14 while 50 GWh was traded on the Belpex Intraday market.

The Power UK market experienced another month of record volumes with a total of 4.94 TWh traded and cleared on the market. The Continuous market recorded a healthy total volume of 1.22 TWh, which is line with previous year’s February traded volume. The volumes traded on the Power UK Day-Ahead auction experienced strong growth with a record high 3.59 TWh traded, up by over 790% year-on-year.
The newly launched Half Hour Day-Ahead 15:30 Auction recorded 119 GWh.
The Power UK OTC Bilateral clearing registered 6.9 GWh.

Price Convergence and Day-Ahead Indices

In February, the CWE region had full price convergence for approximately 11% of the time. The Dutch price converged with the German price 30% and with the Belgian price 50% of the time. The Belgian price was converging with the French price 93% of the time.

The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €46.38/MWh in February. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €50.55/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £42.94/MWh.

Spot Indices

UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £49.62/MWh on 6 February and a low of £36.80/MWh on 1 February.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £58.15/MWh on 6 February and a low of £41.49/MWh on 1 February.

– ENDS

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