AMSTERDAM/BRUSSELS/LONDON, 2 December 2014
Power spot and clearing exchange APX today announces the volumes of its power markets for the month of November. A total volume of 8.31 TWh was traded and cleared across all markets.
A total of 166,317 trades were placed across the APX power spot markets.
The Power NL Day-Ahead auction experienced 5% growth year-on-year and recorded a total of 3.76 TWh while 78 GWh was traded on the Dutch Intraday market.
A total of 64,916 trades were registered on the Dutch power market in November.
The volumes traded on the Belpex Day-Ahead auction increased by 29% year-on-year and totalled 1.69 TWh, while 59 GWh was traded on the Belpex Intraday market over the month.
A total of 26,877 trades were registered on the Belgian power market.
The volumes traded on the Power UK market grew significantly from November ’13 and reported a total of 2.73 TWh traded and cleared. The volumes on the Continuous market increased slightly year-on-year with a total of 1.27 TWh traded. The Power UK Day-Ahead auction continued its steady growth and experienced another monthly record volume with 1.45 TWh traded, exceeding the November ’13 volume by 120%.
The Power UK OTC Bilateral clearing registered 6 GWh.
A total of 74,524 trades were registered on the UK power market in November.
Price Convergence and Day-Ahead Indices
In November, the CWE region had full price convergence for approximately 26% of the time. The Dutch price converged with the German price 33% and with the Belgian price 86% of the time. The Belgian price was converging with the French price 46% of the time.
The Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €44.08/MWh in November. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €45.06/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £47.29/MWh.
UKPX RPD Spot Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £53.94/MWh on 25 November and a low of £37.39/MWh on 2 November.
UKPX RPD Spot Industrial Peak Load Index (also RPD-derived) had a high of £64.39/MWh on 25 November and a low of £42.68/MWh on 1 November.