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Epex Spot power volume in November up 4.7% year on year to 43.4 TWh

A total of 43.4 TWh of short-term power traded on the Epex Spot powerexchange in November, up 4.7% year on year, Epex said Tuesday.

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Volumes in day-ahead markets rose to 37.5 TWh, up 4%, while intradaymarkets grew 10% to 5.9 TWh.

Interday volumes have seen high growth rates over recent months and hit arecord for monthly traded power in October at 6.6 TWh.

Trading volumes on the German/Austrian day-ahead market remained by farthe largest segment with 18.4 TWh, up 1.1% year on year. Volume on the UKday-ahead power market rose the most, up 2 TWh, or 69%, to 4.9 TWh.

The Dutch day-ahead market rose 2.6% year on year, with 2.8 TWh traded.

Swiss day-ahead accounted for 1.8 TWh, little changed from last year.

The Belgian and French markets were the only ones to see decreases inOctober, with the Belgian day-ahead market down 16% at 2.3 TWh and Frenchday-ahead volumes 7.9% lower to 7.6 TWh.

Prices in Central Western Europe -- including Benelux, France andGermany/Austria -- converged 8% of the time in November, in line with the 7%seen during the same month last year.

Intraday volumes rose 10% year on year to 5.9 TWh, with theGerman/Austrian intraday market accounting for 3.8 TWh, while the UKcontinuous market remained the second-largest intraday market with 1.5 TWhtraded in November, according to Epex.

Epex Spot is part of EEX Group (51%)and HGRT (49%). Epex Spot operatesthe power spot markets for Germany, France, the UK, the Netherlands, Belgium,Austria, Switzerland and Luxembourg.

--Inga Freund, inga.freund@spglobal.com

--Edited by Dan Lalor, daniel.lalor@spglobal.com