Established in 2000 as Britain’s first independent power exchange, APX Power UK (formerly named UKPX) offers an anonymous market place for integrated trading, clearing and notification for spot and prompt power contracts and a trading platform for cleared forwards contracts. APX Power UK is the cornerstone of the UK spot market and is used by members on a 24/7 basis for the majority of their within day balancing requirements.
The APX UK Power Auction is a Day-Ahead auction, where trading takes place on one day for the delivery of electricity the next day. Market members submit their orders electronically, after which supply and demand are compared and the market price is calculated for each hour of the following day.Market Results / Read more
Under the New Electricity Trading Arrangements (NETA), all trading parties have to report contracted positions to the Energy Contract Volume Aggregation Agent (ECVAA). All products traded on APX Power UK will be automatically notified by APX Power UK before gate closure. For over-the-counter (OTC transactions), notification is achieved by parties reporting positions through an authorised […]Market Results / Read more