EPEX SPOT owns 100% of APX Group (including Belpex), operator of the short-term electricity markets for the Netherlands, the United Kingdom and Belgium. The European Power Exchange EPEX SPOT SE operates the short-term electricity markets for Germany, France, Austria and Switzerland. Technical improvements on EPEX SPOT and ECC side now further shortened the time between trading and delivery. In 20 respectively, EPEX SPOT launched the Intraday markets in Austria and Switzerland. EPEX SPOT reduced the lead time by 15 minutes in the year after. In 2010, the two Intraday markets were connected. Thomas Siegl, CRO of ECC.Īt the launch of Intraday markets for Germany in 2006 and France in 2007, lead time was 60 minutes, without the possibility for implicit cross-border trading. As a result, trading will be brought even closer to the delivery time, thus, permitting higher flexibility for the trading participants”, comments Dr. “ECC and EPEX SPOT together with the involved TSOs have intensively worked on the implementation of reduced lead times on the Intraday power market for some time. Shortening Intraday lead-time significantly will facilitate portfolio management for our customers.” “The ability to react at short notice has become an essential element of power trading. “Due to the growing part of renewable energies in the energy mix, the production of power varies increasingly”, says Jean-François Conil-Lacoste, Chairman of the Management Board of EPEX SPOT.
The reduction is subject to the successful finalisation of tests. In Switzerland and across borders, trading will continue up to 60 minutes before delivery.
Trading will now continue until 30 minutes before delivery in Germany, France and Austria. The current lead time varies between 45 minutes and 75 minutes depending on the country and the cross-border gate closure time determined by the transmission system operators (TSOs). The European Power Exchange EPEX SPOT, together with its clearing house European Commodity Clearing (ECC), will reduce the lead time on all Intraday markets exactly one month from now, on 16 July 2015. Paris / Leipzig / Bern / Vienna, 16 June 2015. Trading up to 30 minutes before delivery – Austrian lead time decreases by 45 minutes
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