EPEX SPOT
| EPEX SPOT SE | |
 |
|
| Type | Physical commodity exchange (energy) |
|---|---|
| Location | Paris, France |
| Founded | 2008 |
| Key people | Jean-François Conil-Lacoste (CEO), Thierry Morello (COO), Jeroen van den Heuvel (CFO), Tobias Paulun (Director) |
| Currency | EUR |
| Commodities | Electric power |
| Volume | 382 TWh (2014) |
| Website | www.epexspot.com |
The European Power Exchange SE (EPEX SPOT SE) is an exchange for power spot trading in Germany, France, Austria, Switzerland and Luxembourg. EPEX SPOT is 100 percent owner of APX Group, which operates the power spot markets in Belgium, the Netherland and the United Kingdom.
EPEX SPOT SE is a company under European law based in Paris (France) with offices in Leipzig (Germany), Vienna (Austria) and Bern (Switzerland). It operates the power spot markets for short-term trading in power in Germany, France, Austria, Switzerland and Luxembourg, with Germany, Austria and Luxembourg forming one price zone. Since 4 May 2015, EPEX SPOT is 100 percent owner of APX Group, which operates the power spot markets in Belgium (through Belpex), the Netherlands and the United Kingdom. EPEX SPOT was founded in 2008 by the merger of the power spot markets of the energy exchanges Powernext and European Energy Exchange (EEX AG). Today, EPEX SPOT is held by EEX Group (51%) and Transmission System Operators. The transmission system operators are organized in the holding HGRT composed of RTE, Elia and TenneT, which holds a share of 49% in EPEX SPOT.
EPEX SPOT is one of the stakeholders in the Multi-Regional Coupling which currently connects markets representing 85% of the European power consumption. EPEX SPOT also operates the Hungarian market on behalf of the Hungarian Power Exchange HUPX. Moreover, EPEX SPOT provides price coupling services for three of the four power exchanges of the 4M Market Coupling covering the Czech Republic, Hungary, Slovakia and Romania. EPEX SPOT counts over 220 members and about 100 employees.
EPEX SPOT SE is a company with a two-tier governance system. The shareholders appoint a Supervisory Board, composed of actors of the European energy sector, which elects the Management Board and approves the strategy of the company. The Supervisory Board supports EPEX SPOT’s work on the integration of the European power market and takes into account the increasing number of collaborations of European and international scale. An Exchange Council composed of market participants has been put in place as an independent body in order to ensure state of the art governance rules. 22 members and 4 permanent guests meeting up quarterly represent adequately the diversity of economic and corporate profiles that exists among the Exchange Members from various sectors. EPEX SPOT, organizing the Swiss Day Ahead and Intraday Market, holds a 100% subsidiary in Switzerland, EPEX SPOT Schweiz AG.
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