Trading volumes on EPEX SPOT power bourse 21% up in 2024

European Energy Exchange AG

28/01/2025 11:16

FRANKFURT, Jan 28 (Reuters) - Prompt electricity trading
volumes on Europe's EPEX SPOT exchange rose by 21% year-on-year
to an all-time high in 2024, exceeding the previous year's
record and reflecting the launch of new auctions and segments,
the bourse said on Tuesday.
   "The short-term power market remains very dynamic, even more
so as production transitions to intermittent assets and as the
consumption-side becomes more and more electrified," Chief
Operational Officer Jonas Toernquist said in a statement.
    Spot electricity trading for much of Western Europe on the
exchange increased to 868 terawatt hours (TWh) last year from
718 TWh in 2023, the Paris-based bourse said in a statement.
    By comparison, gross production in Germany, Europe's biggest
power market, ran to 489 TWh last year, data from industry group
BDEW showed.
    Germany/Luxembourg and France remain the largest traded
day-ahead zones on the exchange, generating the biggest volumes
and setting benchmark prices in a segment that was up 21% at 654
TWh.
    Intraday power trading, a smaller segment, jumped 22% to 215
TWh as the volatility of growing renewables capacity supported
demand for power delivery within a given day.
    EPEX SPOT said it registered 68 more members in 2024,
bringing the total to 430.
    The bourse is held by EEX Group  DB1Gn.DE , which trades
power futures, among other products, and HGRT, a holding group
made up of transmission system operators.
    Following are selected EPEX SPOT numbers with prices in
euros per megawatt-hour (MWh), allowing for rounding errors.
    
                                        2024             2023
 TOTAL VOLUME in gigawatt            868,208          717,749
 hours (GWh)                                  
 of which Day-ahead Power            653,745          542,062
                                              
 AVG PRICES (baseload)                        
 Day-ahead PHELIX DE/LU                79.57            88.21
 Day-ahead FR                          57.74            64.20
 
 (Reporting by Vera Eckert; Editing by Emelia Sithole-Matarise)
 ((vera.eckert@thomsonreuters.com; +49 30 2201 33654))