APX-ENDEX Power Volumes Jump in January 2013

AMSTERDAM/BRUSSELS/LONDON

• APX-ENDEX volume up by over 700% year-on-year on power futures markets
• Power spot markets continue their 2012 growth rate
• New members join the APX-ENDEX spot and futures markets

Energy exchange APX-ENDEX today announces the January volumes of its power and gas exchanges. 2013 kicked off with January monthly volumes demonstrating strong growth by 22% from January 2012. A total volume of 66.08 TWh was traded and cleared on the exchange in January. The futures markets reached a total of 45.13 TWh while the spot markets saw a total 20.95 TWh traded.

Power

The volumes recorded on the APX-ENDEX power futures and spot markets outperformed January ’12 volumes by over 140% by recording a total of 20.97 TWh.

The continental power futures markets saw yet another month of strong volumes and recorded a total of 12.97 TWh, up by over 700% year-on-year.
The APX-ENDEX Power NL futures market continued recording healthy volumes by reaching a total volume of 11.39 TWh in January with 9.98 TWh traded on the exchange and 1.41 TWh registered for clearing via the OTC clearing service.
The Power BE futures market maintained its strong performance and recorded a total 1.58 TWh, of which 897 GWh was traded on the exchange and 683 GWh was registered for clearing via the OTC clearing service.
A total of 578 trades were registered on the power futures markets in January.

The APX-ENDEX power spot and prompt markets continued their strong performance and recorded a total of 8 TWh, up by 14% year-on-year.
The volumes traded on the Power NL Day-Ahead auction remained strong by recording 4.20 TWh in January 2013, while 56 GWh was traded on the Dutch Intraday.
Also the volumes recorded on the Belpex Day-Ahead auction remained strong with 1.97 TWh traded, while 56 GWh was traded on the Belpex Intraday market.
Like the continental markets, the Power UK market also recorded strong volumes on its continuous market and Day-Ahead auction with a total of 1.78 TWh traded. A record high 1.33 TWh was traded on the continuous market while the Day-Ahead auction recorded a volume of 453 GWh, up by 14% from January 2012.
A total of 169,397 trades were registered on the power spot markets in January.

In January the entire CWE region had full price convergence for approximately 24% of the time. The Dutch market was connected 85% of the time with at least one neighbouring country (Germany or Belgium) and the Belgian market was converging with a neighbouring market (Netherlands or France) 100% of the time.

Gas

The APX-ENDEX gas markets recorded a total of 45.11 TWh registered across the gas futures and spot markets.

APX-ENDEX TTF Gas futures market saw growth from the previous year’s January volumes and registered a total of 32.16 TWh on the market, of which 29.65 TWh was traded on the exchange while 2.51 TWh was registered for clearing via the OTC clearing service.
968 trades were registered on the gas futures market in January.

The volumes registered across the APX-ENDEX Gas spot markets totalled 12.95 TWh.
The Gas UK spot market remained steady from previous months and recorded a total of 11.55 TWh (395.3 million therms) traded, of which 11.53 TWh on the OCM market and 23.5 GWh on the Gas Capacity market.
The APX-ENDEX Gas NL (TTF) spot market recorded a total of 991 GWh traded, of which 943 GWh was traded on the Day-Ahead market and 48 GWh on the Withinday market.
The Zeebrugge Trading Point (ZTP) saw another month of continued growth in traded volumes with 408 GWh traded in January 2013.
A total of 8,201 trades were registered on the APX-ENDEX gas spot markets in January.

APX-ENDEX welcomes new members to its markets

APX-ENDEX welcomed Solvay Energy Services SAS as a new member to the exchange in January. Solvay Energy Services joined the Belpex market, bringing the number of memberships up to 40.
Enovos Luxembourg S.A joined the Gas NL (TTF) spot market, bringing the number of memberships to 42. Additionally, Danske Commodities A/S has extended its existing membership to Power NL and Power BE futures.

Spot Indices and Open Interest

In January, the Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €52.67/MWh. The Dutch gas index, APX Gas NL TTF, had a monthly average price of €26.50/MWh. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €37.10/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £47.80/MWh.

UKPX RPD Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £57.36/MWh on 23 January and a low of £38.64/MWh on 1 January.
UKPX RPD Industrial Peak Load Index (also RPD-derived) had a high of £70.46/MWh on 23 January and a low of £41.51/MWh on 1 January.
The SAP index, based on APX Gas UK’s OCM trades, experienced a high at 76.37 p/therm on 16 January and a low of 60.26 p/therm on 1 January.
The SMP Buy had a high of 100.00 p/therm on 16 January and a low of 61.14 p/therm on 1 January. The SMP Sell reached a high of 70.66 p/therm on 17 January and a low of 59.21 p/therm on 1 January.

In January, the total open interest held by APX-ENDEX members on futures markets was 341,685,421 MWh, of which 48,839,958 MWh was held for Power NL futures, 12,130,678 MWh for Power BE futures and 280,714,785 MWh for the TTF Gas futures.

– ENDS