APX Power UK

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.

Auction

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.

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Spot Market

The spot market is used for balancing and trading purposes and consists of half hourly products of electricity as well as discrete standardised blocks made up of the individual half hours.

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Prompt Market

APX Power UK’s base and peak load day products, weekend products and combination blocks are listed on EuroLight for trading clearing and notification by APX Power UK.

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Third Party Notification and View Only Services

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 […]

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