APX Holding B.V.

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APX Group
Type Physical spot power exchange (energy), BV (Limited liability)
Location Amsterdam, the Netherlands
Founded 1999
Owner TenneT Holding B.V
Elia SA
Currency EUR, GBP
Commodities Power
Electricity
Volume 86 TWh (2012)
Website www.apxgroup.com

APX Group (APX) is an Anglo-Dutch energy exchange operating the spot markets for electricity in the Netherlands, the United Kingdom, and Belgium. Established in 1999, APX provides exchange trading, central clearing and settlement, and data distribution services as well as benchmark data and industry indices. APX has over 150 members from more than 15 countries. In 2012, a total volume of 86 TWh of energy was traded or cleared by APX.[1]

APX offices are located in Amsterdam, Brussels, London, and Nottingham.

History[edit]

In May 1999, trading started at the Amsterdam Power Exchange (APX). It was the first electricity exchange market in Continental Europe. At the same year the Europe's first screen-based spot market for trading in wholesale gas, EnMO (now APX Gas UK), was launched in the United Kingdom. In 2000, the UK's first independent power exchange UKPX (now APX Power UK) was established followed by launch of APX-UK electricity spot market in 2001. In 2003, APX expanded towards the UK by acquisition of EnMO and APX-UK (including the brand name APX which was introduced for operations in all countries). UKPX was acquired by APX one year later.

The European Energy Derivatives Exchange N.V. (ENDEX N.V.) was launched in 2002 by a number of energy companies.[2] ENDEX was acquired by APX Group in 2008 and the integration was completed in 2009. After merging the APX Group and ENDEX a new name APX-ENDEX and new logo were introduced.

In 2005, APX became a shareholder of Belgian power exchange Belpex SA.[3] 19 April 2010, APX and Belpex announced that they will integrate their activities and Belpex is becoming a part of APX. Belpex is a 100% subsidiary of APX.

On 1 March 2013, APX-ENDEX has separated into two companies: the power spot exchange APX and the gas spot, gas derivatives and power derivatives exchange ENDEX.[4] As of 27 March, Intercontinental Exchange (ICE) is the majority shareholder of ENDEX. The name of the new company is ICE Endex.

Organisation[edit]

APX Group is a holding company owning and operating three energy exchange markets in the Netherlands, the United Kingdom, and Belgium. APX comprises APX Holding B.V., APX Power B.V., APX Commodities Ltd, APX Clearing B.V. and Belpex N.V.,[3] the Belgian power exchange. In addition, the APX provides third-party services for the clearing.

Members[edit]

APX has over 150 memberships from various countries; companies trading on the spot power markets in the Netherlands, Belgium and the UK.[5]

References[edit]

External links[edit]

Official website