APX Group: Difference between revisions
m ce |
added to company history |
||
| Line 68: | Line 68: | ||
| accessdate=2010-06-13}} |
| accessdate=2010-06-13}} |
||
</ref> |
</ref> |
||
In 2011, APX-ENDEX is due to finalize a cable of about 1000 MW, currently being constructed between The Netherlands and the UK called BritNed. <ref> Energy Digital Magazine "Company Report: APX-ENDEX" 1 Mar 2010 http://www.energydigital.com/company-reports/apx-endex-leading-power-gas-exchange-services </ref> |
|||
==Organization== |
==Organization== |
||
Revision as of 19:25, 8 July 2010
 | This article needs additional citations for verification. (June 2010) |
| APX | |
| Type | Physical commodity and derivates exchange (energy), BV (Limited liability) |
|---|---|
| Location | Amsterdam, the Netherlands |
| Founded | 1999 |
| Owner | TenneT Holding B.V N.V. Nederlandse Gasunie Fluxys S.A. |
| Key people | Bert den Ouden, CEO |
| Currency | EUR |
| Commodities | power derivates electric power natural gas |
| Website | www.apxendex.com |
APX-ENDEX is an Anglo-Dutch energy exchange operating the spot and derivatives markets for electric power and natural gas in the Netherlands, the United Kingdom, and Belgium. Established in 1999, APX-ENDEX provides exchange trading, central clearing and settlement, and data distribution services. It also provides benchmark data and provides industry indexes. APX-ENDEX has over 300 members from more than 15 countries. In 2009, a total volume of 412 TWh of electricity was traded or cleared by APX-ENDEX, of which futures markets recorded a total of 210 TWh while spot markets had a total volume of 202 TWh.
APX-ENDEX's offices are located in Amsterdam, London, and Nottingham.
History
In May 1999, trading started at the Amsterdam Power Exchange (APX), the predecessor of APX-ENDEX. 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 introduce for operations in all countries). UKPX was acquired by APX one year later.
In 2002, the Belgian gas transmission system operator Fluxys launched the European Energy Derivatives Exchange N.V. (ENDEX N.V.). ENDEX N.V. was acquired by APX in 2008 and was integrated with the APX Group in 2009.
In 2003, Title Transfer Facility (TTF), a virtual trading point for natural gas in the Netherlands, was established by Gasunie. In 2005, APX and Gas Transport Services B.V., a subsidiary of Gasunie, launched the Dutch TTF market (APX Gas NL). Launch of Belgian Zeebrugge Hub gas exchange (APX gas ZEE) in association with Fluxys followed at the same year. In 2006, all APX Group power and continental gas markets introduced the EuroLight trading platform. At the same year, trilateral market coupling between the Netherlands, Belgium and France was implemented. To coupling the British power market, in 2007 APX signed an agreement to develop BritNed power cable between the United Kingdom and the Netherlands.
In 2001, the Netherlands transmission system operator TenneT acquired full ownership of Amsterdam Power Exchange and in 2002 Amsterdam Power Exchange was renamed APX. In 2006, TenneT sold 25.5% of shares in APX Group to Gasunie. As a result of acquisition of ENDEX N.V. in 2008, Fluxys became the third shareholder of APX Group. After merging the APX Group and ENDEX N.V. an new name APX-ENDEX and new logo were introduced.
In 2005, APX became a shareholder of Belgian power exchange Belpex SA. 19 April 2010, APX-ENDEX and Belpex announced that they will integrate their activities and Belpex is becoming a part of APX-ENDEX. APX-ENDEX will acquire all shares in Belpex while Belpex main shareholder Elia System Operator, an electricity transmission system operator of Belgium, will have a 20% stake in APX-ENDEX.[1]
On 9 June 2010, APX-ENDEX, Belpex and Nordic power exchange Nord Pool Spot agreed to create a cross-border intraday electricity market based on Nord Pool Spot's Elbas technology. The common itraday market will include Nordic countries, Germany, the Netherlands, and Belgium.[2] On 25 May 2010, APX-Endex announced a plan to expand to the carbon emissions trading market and to acquire a majority stake in the Climex carbon emissions trading platform owned by TenneT and Rabobank.[3][4]
In 2011, APX-ENDEX is due to finalize a cable of about 1000 MW, currently being constructed between The Netherlands and the UK called BritNed. [5]
Organization
APX-ENDEX is a holding company owning and operating five energy exchange markets in the Netherlands, the United Kingdom, and Belgium. APX-ENDEX comprises of APX B.V., APX Gas NL B.V., APX Commodities Ltd, APX Gas Zeebrugge B.V. and ENDEX N.V. APX-ENDEX is also a shareholder (10%) and service provider of Belpex, the Belgian power exchange. In addition, the APX-ENDEX provides third-party services for the clearing and delivery of energy or energy-related products such as carbon trading and auctioning.
The shareholders of APX-ENDEX are TenneT Holding B.V, N.V. Nederlandse Gasunie and Fluxys S.A. After integrating Belpex into APX-ENDEX, Elia will become the fourth shareholder of the group.[1]
Members
APX-ENDEX has over 320 members from various countries; companies trading on the power and gas markets in the Netherlands, Belgium and the UK.
References
- ^ a b "APX-ENDEX and Belpex take a further step in the integration of the European energy markets" (PDF) (Press release). Belpex. 2010-04-19. Retrieved 2010-06-13.
- ^ "APX-ENDEX, Belpex and Nord Pool Spot to establish cross-border intraday electricity market from Helsinki to Brussels" (Press release). Nord Pool Spot. 2010-06-10. Retrieved 2010-06-13.
- ^ "APX-Endex aims to create 'one-stop shop' by acquiring Climex carbon exchange". E-Energy Market. 2010-05-25. Retrieved 2010-06-13.
- ^ "APX-ENDEX in discussion to become a shareholder in Climex". Commodities Now. Isherwood Production Ltd. 2010-05-25. Retrieved 2010-06-13.
- ^ Energy Digital Magazine "Company Report: APX-ENDEX" 1 Mar 2010 http://www.energydigital.com/company-reports/apx-endex-leading-power-gas-exchange-services