APX Reaches a Monthly High; Belpex Sees Record Volumes

• Total traded and cleared volume 10.55 TWh, exceeding March ’14 volume by 37%
• Belpex Day-Ahead auction experiences an all-time high
• Power UK Day-Ahead auction sees nearly 300% growth year-on-year
• Daily record on the Power UK Day-Ahead auction on 7 March with 188,473 MWh traded

AMSTERDAM/BRUSSELS/LONDON, 2 April 2015

Power spot and clearing exchange APX today announces the volumes of its power markets for the month of March. The trend of continuous growth was once again evident as a new monthly record was reached with a total of 10.55 TWh traded and cleared across all markets in March, up by 37% year-on-year.

The Power NL Day-Ahead auction recorded a total of 3.45 TWh traded while 86 GWh was traded on the Dutch Intraday market, slightly up year-on-year.

The Belpex Day-Ahead auction reach an all-time monthly high with 2.11 TWh traded in March, up by 29% year-on-year, while 78.5 GWh was traded on the Belpex Intraday market, also up from March 2014 (+27%).

The Power UK market witness a successful month with total volumes increasing by 136% and reaching a total of 4.82 TWh traded and cleared on the market. The Continuous market recorded a healthy total volume of 1.37 TWh, up by 14% from March 2014. The Power UK Day-Ahead auction experienced yet another month of strong growth and recorded 3.28 TWh traded, up by nearly 300% year-on-year. The all-time daily record was reached on 7 March with 188,473 MWh traded for delivery on 8 March.
The Half Hour Day-Ahead 15:30 Auction recorded 170 GWh.
The Power UK OTC Bilateral clearing registered 6 GWh.

Price Convergence and Day-Ahead Indices

In March, the CWE region had full price convergence for approximately 9% of the time. The Dutch price converged with the German price 20% and with the Belgian price 61% of the time. The Belgian price was converging with the French price 76% of the time.

The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €42.21/MWh in March. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €47.07/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £40.45/MWh.

Spot Indices

UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £46.10/MWh on 24 March and a low of £34.64/MWh on 7 March.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £51.37/MWh on 24 March and a low of £35.48/MWh on 7 March.

– ENDS

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