PresseBox
Pressemitteilung BoxID: 301714 (European Energy Exchange AG)
  • European Energy Exchange AG
  • Augustusplatz 9
  • 04109 Leipzig
  • http://www.eex.de
  • Ansprechpartner
  • Katrin Berken
  • +49 (341) 2156-202

EEX Power Derivatives/EPEX Spot: Power Trading Results in October

(PresseBox) (Leipzig, Paris, ) In the framework of their cooperation European Energy Exchange AG (EEX) and the French Powernext SA have integrated their Power Spot and Derivatives Markets.

In October 2009, a total volume of 104.1 TWh was traded on the joint subsidiaries EPEX Spot SE and EEX Power Derivatives.

In October, a total of 815,263 MWh was traded on the intraday market which is the highest monthly trading volume in both market areas:
- Germany 699,239 MWh, same month of the previous year 188,548 MWh
- France 116,024 MWh, same month of the previous year 104,789 MWh

The volume in power derivatives trading on EEX Power Derivatives amounted to 86.3 TWh in October (same month of the previous year: 96.8 TWh). This comprises 4.5 TWh from trading in French Power Futures. The derivatives trading volume comprises 59.8 TWh from OTC clearing. On 30 October 2009, the open interest amounted to 523.4 TWh. On the Power Derivatives Market the base load for the year 2010 was quoted at EUR 48.62 per MWh (Germany) and at EUR 55.48 per MWh (France). The peak load price for the year 2010 amounted to EUR 68.06 per MWh (Germany) and to EUR 76.50 per MWh (France).

EEX Power Derivatives GmbH operates the German and the French Power Derivatives Market and, hence, occupies a central position in power trading in Continental Europe:The trading participants can trade both Phelix Futures and Options with financial settlement and power futures settled physically with delivery to Germany and France. EEX AG holds 80% of the shares in EEX Power Derivatives GmbH and the French Powernext SA holds the remaining 20%. EEX Power Derivatives GmbH, established on 1 January 2008, is based in Leipzig and also has a branch in Paris.

EPEX Spot SE is a Paris-based company under European law (Societas Europaea) with a branch in Leipzig. EEX and Powernext each hold 50 percent in the joint company, in which they have integrated their entire spot power trading activities. The product range of EPEX Spot SE encompasses spot power trading for France, Germany/Austria and Switzerland.Together these countries account for more than one third of the European power consumption.

Clearing and settlement of all EPEX Spot and EEX Power Derivatives transactions are provided by European Commodity Clearing AG (ECC), based in Leipzig, the clearing house of EEX and its partner exchanges.