| European Energy Exchange AG Augustusplatz 9 04109 Leipzig Germany |
Tel.: +49/341/21 56-0 Fax: +49/341/21 56-109 eMail: info@eex.com Internet: www.eex.com |
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On the day-ahead market, power is traded for the next day. The trading participants use the day-ahead market to optimise the procurement and sale of quantities of electricity in the short term. The bids in the hourly auction allow different buy and sell quantities to be placed simultaneously at different respective prices in the auction. In this case, the executed quantity depends on the auction price established. EEX offers day-ahead trading for two market areas: for Germany/Austria and for Switzerland.
The German/Austrian market area comprises all four German balance areas as well as the APG balance area in Austria. On every exchange trading day, one auction each takes place at 12.00 a.m. for the 24 hours of the next day. In this auction market participants can place also block bids in addition to the hourly contracts.
The Phelix Base Load is the average of all prices in the hourly auctions of one day for the German/Austrian market area. The Phelix Peak Load takes the hourly prices of the peak load times (8.00 a.m.–8.00 p.m.) into account. The Phelix is the reference price for power in Germany and large parts of central Europe.
The Swiss market area comprises the swissgrid balance area. At 10.30 a.m. on every exchange trading day, an auction takes place for each of the 24 hours of the following day. The Swissix (“Swiss Electricity Index“) is the average price of the 24 hours
traded for the Swiss market area. The Swissix is available both as a base load and as a peak load index.
Trading participants licensed to trade on the Spot Market of EEX are granted access to day-ahead trading in power provided they can present a valid balance agreement.
| Spot Market | |
| Contract | Hourly deliveries of power for the following day |
| Pricing | Hourly deliveries through auction; continuously traded block contracts |
| Delivery Area | Market area 1: Germany/Austria | Market area 2: Switzerland |
| Quotation | Prices in €/MWh to two decimal points |
| Transaction fees | 0.04 €/MWh exchange fee for market area 1 | 0.01 €/MWh clearing fee for market area 1 -> Auction |