APX Reports Strong Growth during H1 2015; Volumes up by 42%

•  Total traded and cleared volume in H1 2015 reaches 62.37 TWh, exceeding H1 2014 volume by 42% •  Power UK Day-Ahead auction volumes experience significant growth of over 370% •  Solid growth on memberships; a total of 184 memberships across APX markets

AMSTERDAM/BRUSSELS/LONDON, 9 July 2015

Power spot and clearing exchange APX today announces the trading results of its power markets for the first half of the year 2015. Majority of the markets experienced double digit growth with a total of 62.37 TWh traded, up by 42% from the first half of 2014. The Power NL Day-Ahead auction recorded a total of 21.52 TWh during the first six months of the year. The Dutch Intraday market exceeded the volume of the last year’s same period by 18% and recorded a total of 516 GWh traded. The Belpex Day-Ahead auction experienced strong growth throughout the first half with 11.22 TWh traded, up by 21% compared to 2014. The Belpex Intraday market also saw growing volumes during the period with 456 GWh traded, up by 34%. The biggest growth was witnessed on the Power UK market where a total of 28.66 TWh was traded and cleared during the first half of 2015, up by 153%. The Continuous market experienced growth of 12% from 2014 with a total volume of 7.84 TWh. The volumes traded on the Power UK Day-Ahead auction have seen very strong growth during the first months of 2015 and recorded a total of 20.30 TWh, up by over 370% from the first half of 2014. The Half Hour Day-Ahead 15:30 Auction, launched in February 2015, recorded 466 GWh and the Power UK OTC Bilateral clearing registered 53.8 GWh, up by 12% year-on-year.

Solid Growth in Memberships

APX has continued to attract new members across its markets. The first half of 2014 finished with a total of 166 members and at the end of 2014 APX had a total of 181 members. During the first half of 2015, the number of memberships across APX markets reached a total of 184. The APX Power NL market now has 67 members, Power UK 68 and Belpex 49 members.

Day-Ahead Indices

The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had an average hourly price of €41.07/MWh in the first half of 2015. Belix, the index for the Belpex Day-Ahead Market, had an average hourly price of €44.04/MWh while the UK power index for the Day-Ahead Market, UKPX Auction Base Index, had an average hourly price of £41.40/MWh.

Spot Indices

During the first half of 2015, UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £49.97/MWh on 19 January and a low of £30.19/MWh on11 May. UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £60.26/MWh on 19 January and a low of £34.02/MWh on 3 May. – ENDS Download Press Release