APX Sees 57% Growth; Power UK and Belpex Reach All-Time Highs

• A total of 11.6 TWh traded and cleared on the APX markets
• All Day-Ahead auctions experience growth
• Power UK and Belpex Day-Ahead auctions experience a month of record volumes
• Power UK Half Hour Day-Ahead 15:30 auction sees healthy growth

AMSTERDAM/BRUSSELS/LONDON, 4 August 2015

Power spot and clearing exchange APX today announces the volumes of its power markets for the month of July. APX witnessed another month of record volumes with 11.6 TWh traded and cleared across all markets, up by 57% year-on-year.

In July the volumes traded on the Power NL Day-Ahead auction reached a total of 3.94 TWh, exceeding last year’s volume by 5%, whilst 61 GWh was traded on the Dutch Intraday market.

The Belpex Day-Ahead auction experienced a monthly record with 2.23 TWh traded in July 2015, up by 51% year-on-year. 46 GWh was traded on the Belpex Intraday market.

The Power UK market experienced another successful monthly when a total of 5.32 TWh was traded and cleared on the market in July.
The volumes traded on the Power UK Continuous market experienced slight growth from July 2014 and recorded a total volume of 1.13 TWh. Another monthly record was reached on the Power UK Day-Ahead auction as a total of 4.04 TWh was traded, recording 365% increase from the previous year.
The Half Hour Day-Ahead 15:30 auction also experienced a monthly record with 142 GWh traded while the Power UK OTC Bilateral clearing registered 10.3 GWh.

Price Convergence and Day-Ahead Indices

In July, the CWE region had full price convergence for approximately 44% of the time. The Dutch price converged with the German price 46% and with the Belgian price 50% of the time. The Belgian price was converging with the French price 44% of the time.

The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €42.17/MWh in July. Belix, the index for the Belpex Day-Ahead Market, had an average price of €42.61/MWh and the UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average hourly price of £42.04/MWh.

Spot Indices

UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £49.37/MWh on 24 July and a low of £35.26/MWh on 18 July.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £59.14/MWh on 13 July and a low of £34.91/MWh on 19 July.

– ENDS

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