Strong Growth on the APX-ENDEX Power Markets

AMSTERDAM/BRUSSELS/LONDON

Continental power futures experience another successful month with steady growth year-on-year

  • Power spot markets see 16% growth year-on-year
  • New members join power spot and futures markets

Energy exchange APX-ENDEX today announces the December volumes of its power and gas exchanges. The year 2012 closed with a total monthly volume of 49.24 TWh traded and cleared on the exchange in December. The futures markets reached a total of 29.38 TWh while the spot markets saw a total 19.86 TWh traded.

Power

The APX-ENDEX power futures and spot markets experienced another month of significant growth by recording a total of 14.96 TWh, up by 63% year-on-year.

The continental power futures markets continued their strong performance by recording a total of 7.06 TWh, up by nearly 200% year-on-year.

The APX-ENDEX Power NL futures market continued recording healthy volumes and in December saw  a total volume of 5.23 TWh registered with 4.01 TWh traded on the exchange and 1.22 GWh registered for clearing via the OTC clearing service.

The Power BE futures market also witnessed steady volumes with a total 1.83 TWh recorded, of which 795 GWh was traded on the exchange and 1.03 TWh was registered for clearing via the OTC clearing service.

A total of 283 trades were registered on the power futures markets in December.

The APX-ENDEX power spot and prompt markets experienced strong traded volumes in December by recording a total of 7.90 TWh, up by 16% year-on-year.

The Power NL Day-Ahead auction outperformed December ’11 by 6% with 4.27 TWh traded while 62 GWh was traded on the Dutch Intraday.

Volumes traded on the Belpex Day-Ahead auction remained strong with 1.64 TWh traded; 61 GWh was traded on the Belpex Intraday market.

The Power UK market experienced records on its continuous market as well as Day-Ahead auction with a total of 1.87 TWh traded. A record high 1.41 TWh was traded on the continuous market while the Day-Ahead auction continued its growth by hitting a new monthly record with a volume of 459 GWh, up by 22% from December 2011.

A total of 164,956trades were registered on the power spot markets in December.

In December the entire CWE region had full price convergence for approximately 23% of the time. The Dutch market was connected 83% 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) 97% of the time.

Gas

The APX-ENDEX gas markets recorded a total of 34.28 TWh registered across the gas futures and spot markets.

APX-ENDEX TTF Gas futures market registered a total of 22.32 TWh on the market, of which 16.15 TWh was traded on the exchange while 6.17 TWh was registered for clearing via the OTC clearing service.

477 trades were registered on the gas futures market in December.

The volumes registered across the APX-ENDEX Gas spot markets totalled 11.96 TWh.

The Gas UK spot market remained steady from previous months and recorded a total of 11.12 TWh (379.5 million therms) traded, of which 11.08 TWh on the OCM market and 38 GWh on the Gas Capacity market.

The APX-ENDEX Gas NL (TTF) spot market recorded a total of 469 GWh traded, of which 410 GWh was traded on the Day-Ahead market and 59 GWh on the Withinday market.

The Zeebrugge Trading Point (ZTP) saw continuous growth in traded volumes with 367 GWh traded in December 2012.

A total of 7,438 trades were registered on the gas spot markets in December.

APX-ENDEX welcomes new members

APX-ENDEX welcomed a number of new members to its markets during the month of December.

APX-ENDEX welcomed Vitol S.A. and Enovos Luxembourg SA to its Belpex market. Energi Danmark A/S extended its current membership on the APX-ENDEX Power NL spot market to both the Belpex market as well as the Power UK spot market.

ENI Trading & Shipping SpA joins the exchange as a new member by joining the Power BE futures market.

With the new members, the Belpex market now has 40 members, Power UK market 64 members and Power BE futures market 30 members.

Spot Indices and Open Interest

In December, the Dutch power index for the Day-Ahead Market, APX NL DAM Index, had a monthly average price of €52.13/MWh. The Dutch gas index, APX Gas NL TTF, had a monthly average price of €27.22/MWh. Belix, the index for the Belpex Day-Ahead Market, had a monthly average price of €50.12/MWh. The UK power index for the Day-Ahead Market, UKPX Auction Base Index, had a monthly average price of £48.03/MWh.

UKPX RPD Base Load Index (derived from APX Power UK’s Reference Price Data (RPD)) had a high of £77.00/MWh on 12 December and a low of £38.47/MWh on 30 December.

UKPX RPD Industrial Peak Load Index (also RPD-derived) had a high of £104.66/MWh on 12 December and a low of £43.67/MWh on 30 December.

The SAP index, based on APX Gas UK’s OCM trades, experienced a high at 71.08 p/therm on 5 December and a low of 60.29 p/therm on 31 December.

The SMP Buy had a high of 72.00 p/therm on 5 December and a low of 61.17 p/therm on 31 December. The SMP Sell reached a high of 70.20 p/therm on 5 December and a low of 59.00 p/therm on 31 December.

In December, the total open interest held by APX-ENDEX members on futures markets was 332,555,568 MWh, of which 42,723,598 MWh was held for Power NL futures, 11,427,241 MWh for Power BE futures and 278,404,729 MWh for the TTF Gas futures.

 

– ENDS

Press Release January 2013