APX Group and EPEX SPOT to Integrate Businesses to Form Power Exchange for Central Western Europe

The Amsterdam-based and Paris-based power exchanges APX Group and EPEX Spot announced to integrate their businesses in order to form a power exchange for Central Western Europe (CWE) and the UK. Both companies have signed respective agreements.

EPEX SPOT exchange offers day-ahead and intraday power trading, covering France, Germany, Austria and Switzerland. It was created in 2008 through the merger of the power spot activities of the energy exchanges Powernext SA in France and EEX AG in Germany. In March 2015, a total volume of 36.3 TWh was traded on EPEX SPOT’s day-ahead and intraday power markets.

APX Group offers day-ahead and intraday power trading for the Netherlands, the United Kingdom and Belgium (through its 100% subsidiary Belpex SA). In March 2015, a total of 10.55 TWh was traded and cleared across all markets.

Both companies have been working together since 2006 in coupling markets to optimize the allocation process of cross-border capacities. In 2010 market coupling for the CWE region was introduced, which has meanwhile been extended to North and South Western Europe. In February 2015 Italy and Slovenia joined, linking the majority of EU power markets from Finland to Portugal and Slovenia

Source: EPEX Spot

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