APX Reaches Another Monthly Record with 40% Growth

AMSTERDAM/BRUSSELS/LONDON, 2 June 2015

Power spot and clearing exchange APX today announces the volumes of its power markets for the month of May. A record high of 10.91 TWh was traded and cleared across all markets, up by 40% year-on-year.

The Power NL Day-Ahead auction recorded a total of 3.50 TWh traded while 95 GWh was traded on the Dutch Intraday market, up by 16% year-on-year.

The Belpex Day-Ahead auction experienced 10% growth from May 2014, recording 1.82 TWh traded in May 2015. The Belpex Intraday market also experienced growth year-on-year with 88 GWh traded, up by 29%.

A new monthly record total volume was reached on the Power UK market with a total of 5.4 TWh traded and cleared on the market. The Continuous market recorded a healthy total volume of 1.31 TWh, up by nearly 11% year-on-year. The Power UK Day-Ahead auction reached another monthly record with 3.99 TWh traded, exceeding May 2014 volume by 316%.
The Half Hour Day-Ahead 15:30 Auction recorded 106 GWh.
The Power UK OTC Bilateral clearing registered 12.7 GWh.

Price Convergence and Day-Ahead Indices

In May, the CWE region had full price convergence for approximately 16% of the time. The Dutch price converged with the German price 19% and with the Belgian price 73% of the time. The Belgian price was converging with the French price 22% of the time.

The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €37.38/MWh in April. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €37.64/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £40.46/MWh.

Spot Indices

UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £45.81/MWh on 15 May and a low of £30.19/MWh on 11 May.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £51.00/MWh on 15 May and a low of £34.02/MWh on 3 May.

– ENDS

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