Day-ahead volumes up in February, intraday trading down: APX

Trading volumes continued to grow on APX’s Power UK day-ahead market in February, very nearly reaching 5.6 TWh.

It marks an increase of more than 53 per cent on February last year, and a rise of 4 per cent on January.  

The growth all came from trading in the main day-ahead auction, which saw volumes rise to almost 5.4 TWh. Volumes in the half-hour 15.30 auction remained broadly similar to those seen in the previous month, at 214 GWh.

Intraday trading on the Continuous UK market fell by more than 100 GWh to just over 1.2 TWh.

Day-ahead volumes on EPEX SPOT markets across Europe, including those run by APX, totalled nearly 42.7 TWh – a year-on-year increase of 10 per cent. Around 5 TWh was traded on the intraday markets – a 23 per cent increase on February last year.

Nordpool, which operates the N2EX exchange – the larger rival of APX within the UK – has yet to release its trading volumes for February.

N2EX relaunched its intraday trading platform towards the end of last year after taking it offline in March 2014.