European Power Exchange
European Power Exchange
Main page
685790

European Power Exchange

logo
Community Hub0 subscribers
What are your thoughts?
Be the first to start a discussion here.
Be the first to start a discussion here.
European Power Exchange

European Power Exchange (EPEX SPOT) SE is a European electric power exchange operating in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Luxembourg, the Netherlands, Norway, Poland, Sweden and Switzerland.

EPEX SPOT SE is a company under European law based in Paris (France) with offices in Amsterdam (the Netherlands), Berlin (Germany), Bern (Switzerland), Brussels (Belgium), London (United Kingdom), and Vienna (Austria). It operates the power spot markets for short-term trading in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Luxembourg, the Netherlands, Norway, Poland, Sweden and Switzerland. EPEX SPOT was founded in 2008 by the merger of the power spot markets of the energy exchanges Powernext and European Energy Exchange (EEX AG). Today, EPEX SPOT is held by EEX AG (51%) and Transmission System Operators. The transmission system operators are organized in the holding HGRT composed of Amprion, APG, RTE, Elia, Swissgrid and TenneT, which holds a share of 49% in EPEX SPOT. In 2015, EPEX SPOT integrated its business with former APX Group, which operated the power spot markets in Belgium (through Belpex), the Netherlands and the United Kingdom. In 2020, EPEX SPOT launched its Day-Ahead and Intraday markets in the Nordic region.

EPEX SPOT is one of the stakeholders in the European Single Day-Ahead Coupling which currently connects markets representing 95% of the European power consumption. EPEX SPOT also provides services to Hungarian Power Exchange HUPX and to the Irish Power Exchange SEMOpx. Moreover, EPEX SPOT provides price coupling services for three of the four power exchanges of the 4M Market Coupling covering the Czech Republic, Hungary, Slovakia and Romania. EPEX SPOT counts over 300 members and about 200 employees.

EPEX SPOT SE is a company with a two-tier governance system. The shareholders appoint a Supervisory Board, composed of actors of the European energy sector, which elects the Management Board and approves the strategy of the company. The Supervisory Board supports EPEX SPOT's work on the integration of the European power market and takes into account the increasing number of collaborations of European and international scale.

An Exchange Council composed of market participants has been put in place as an independent body in order to ensure state of the art governance rules. 26 members and 4 permanent guests meeting up quarterly represent adequately the diversity of economic and corporate profiles that exists among the Exchange Members from various sectors. EPEX SPOT holds 100% subsidiaries in Switzerland, EPEX SPOT Schweiz AG.

In 2024 the volume of traded electricity on the markets of EPEX SPOT amounted to 868 terawatt hours (TWh).

EPEX SPOT operates day-ahead power markets for Austria, Belgium, Denmark, Finland, France, Germany, Luxemburg, Great Britain, the Netherlands, Norway, Poland, Sweden and Switzerland. These Day-Ahead markets are organised through an auction process, matching once a day supply and demand curves and thus fixing prices in an anonymous, yet transparent and secured manner. Members of the Exchange enter their orders for hourly quantities of power into the order book which is closed on 11 am for Switzerland and on 12 pm for all other markets. EPEX SPOT calculates the offer and demand curves and their intersection for each hour of the following day. Results are published from 9.30 am GMT (Great Britain), 11.10 am (Switzerland) and 12.55 pm (all other markets).

The Central-Western European countries, except for Great Britain and Switzerland, and the markets of the Nordic countries are connected through a mechanism called Market Coupling. It links the electricity markets of the member countries by a price coupling solution in order to optimize the use of cross-border capacities between these countries, increasing the gains in social welfare on all markets.

See all
User Avatar
No comments yet.