POWERNEXT FUTURES™ STATISTICS
Total market volume (lots)
Total market volume (MWh)
Daily average (MWh)
Daily average (lots)
Number of members
Open interest (MWh)
Delivery (MWh) May-05 2 051 4 480 505 203 659 93 17 5 402 056 392 184 June-05 3 404 7 129 150 324 052 155 17 5 753 518 463 440 July-05 2 297 6 852 620 326 315 109 19 6 599 372 429 036
Year Contracts July-05
Lots MWh Low traded High traded Settlement
price (end of month)
Settlement price (end of prev.
month)
Variation
Base
2006 314 2 750 640 43,00 47,90 44,46 45,44 -2%
2007 222 1 944 720 42,50 45,70 42,58 42,59 0%
2008 15 131 760 44,50 46,10 42,75 43,23 - Peak
2006 25 78 000 59,75 52,15 59,60 63,43 -6%
2007 - - - - 56,73 58,30 -3%
2008 - - - - 56,90 57,85 -
Quarter Contracts July-05
Lots MWh Low traded High traded Settlement
price (end of month)
Settlement price (end of prev.
month)
Variation
Base
Q4 115 254 035 49,80 56,50 49,54 52,75 -6%
Q1 280 604 520 49,00 55,00 49,44 52,50 -6%
Q2 25 54 600 42,60 42,60 40,33 52,41 -23%
Q3 190 419 520 41,80 45,50 42,58 40,84 4%
Peak
Q4 50 39 000 76,75 77,50 69,37 77,28 -10%
Q1 25 19 500 73,90 73,90 66,60 74,25 -10%
Q2 - - - - 52,60 73,05 -28%
Q3 25 19 500 58,15 58,15 57,85 56,10 3%
Month Contracts July-05
Lots MWh Low traded High traded Settlement
price (end of month)
Settlement price (end of prev.
month)
Variation
Base
08/2005 265 197 160 43,95 58,00 43,50 51,50 -16%
09/2005 200 144 000 47,80 53,50 47,44 51,88 -9%
10/2005 101 75 245 48,15 56,65 47,70 53,15 -10%
Peak
08/2005 320 88 320 63,50 84,00 57,44 75,50 -24%
09/2005 50 13 200 72,55 80,75 64,05 78,05 -18%
10/2005 75 18 900 66,90 74,95 65,51 73,55 -11%
July 31, 2005
Baseload contracts overview
Daily volume in lots during the last six months
0 40 80 120 160 200 240 280 320 360 400
1/2/05 7/2/05
11/2/05 17/2/05
23/2/05 1/3/05
7/3/05 11/3/05
17/3/05 23/3/05
31/3/05 6/4/05
12/4/05 18/4/05
22/4/05 28/4/05
4/5/05 10/5/05
16/5/05 20/5/05
26/5/05 1/6/05
7/6/05 13/6/05
17/6/05 23/6/05
29/6/05 5/7/05
11/7/05 15/7/05
21/7/05 27/7/05 Yearly contracts Quarterly contracts Monthly contracts
Daily settlement price of the up-coming delivery period in €/MWh during the last six months
29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59
01/02/05 07/02/05
11/02/05 17/02/05
23/02/05 01/03/05
07/03/05 11/03/05
17/03/05 23/03/05
31/03/05 06/04/05
12/04/05 18/04/05
22/04/05 28/04/05
04/05/05 10/05/05
16/05/05 20/05/05
26/05/05 01/06/05
07/06/05 13/06/05
17/06/05 23/06/05
29/06/05 05/07/05
11/07/05 15/07/05
21/07/05 27/07/05 Front-Month Front-Quarter Front-Year
Open Interest by Delivery Year in MWh
0 1 000 000 2 000 000 3 000 000 4 000 000 5 000 000 6 000 000 7 000 000
01/02/05 11/02/05
23/02/05 07/03/05
17/03/05 31/03/05
12/04/05 22/04/05
04/05/05 16/05/05
26/05/05 07/06/05
17/06/05 29/06/05
11/07/05 21/07/05 2005 2006 2007 2008
Peakload contracts overview
Daily volume in lots during the last six months
0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180
01/02/05 07/02/05
11/02/05 17/02/05
23/02/05 01/03/05
07/03/05 11/03/05
17/03/05 23/03/05
31/03/05 06/04/05
12/04/05 18/04/05
22/04/05 28/04/05
04/05/05 10/05/05
16/05/05 20/05/05
26/05/05 01/06/05
07/06/05 13/06/05
17/06/05 23/06/05
29/06/05 05/07/05
11/07/05 15/07/05
21/07/05 27/07/05 Monthly contracts Quarterly contracts Yearly contracts
38 43 48 53 58 63 68 73 78 83 88
01/02/0507/02/0511/02/0517/02/0523/02/0501/03/0507/03/0511/03/0517/03/0523/03/0531/03/0506/04/0512/04/0518/04/0522/04/0528/04/0504/05/0510/05/0516/05/0520/05/0526/05/05
01/06/200507/06/200513/06/200517/06/200523/06/200529/06/200505/07/200511/07/200515/07/200521/07/200527/07/2005
Daily settlement price of the up-coming delivery period in €/MWh during the last six months
Open Interest by Delivery Year in MWh
0 100 000 200 000 300 000 400 000 500 000 600 000 700 000 800 000 900 000
01/02/05 09/02/05 17/02/05 25/02/05 07/03/05 15/03/05 23/03/05 04/04/05 12/04/05 20/04/05 28/04/05 06/05/05 16/05/05 24/05/05 01/06/05 09/06/05 17/06/05 27/06/05 05/07/05 13/07/05 21/07/05 29/07/05
2005 2006 2007 2008
Price spreads
Baseload price spreads (in €/MWh) EEX - Powernext Futures during the last six months
-4,0 -3,6 -3,2 -2,8 -2,4 -2,0 -1,6 -1,2 -0,8 -0,4 0,0 0,4 0,8 1,2 1,6
01/02/05 07/02/05
11/02/05 17/02/05
23/02/05 01/03/05
07/03/05 11/03/05
17/03/05 23/03/05
31/03/05 06/04/05
12/04/05 18/04/05
22/04/05 28/04/05
04/05/05 10/05/05
16/05/05 20/05/05
26/05/05 01/06/05
07/06/05 13/06/05
17/06/05 23/06/05
29/06/05 05/07/05
11/07/05 15/07/05
21/07/05 27/07/05 EEX-Powernext Front-Month EEX-Powernext Front Quarter EEX-Powernext Front Year
Peakload price spreads (in €/MWh) EEX-Powernext Futures during the last six months
-5,5 -5,0 -4,5 -4,0 -3,5 -3,0 -2,5 -2,0 -1,5 -1,0 -0,5 0,0 0,5 1,0 1,5 2,0 2,5
01/02/05 07/02/05
11/02/05 17/02/05
23/02/05 01/03/05
07/03/05 11/03/05
17/03/05 23/03/05
31/03/05 06/04/05
12/04/05 18/04/05
22/04/05 28/04/05
04/05/05 10/05/05
16/05/05 20/05/05
26/05/05 01/06/05
07/06/05 13/06/05
17/06/05 23/06/05
29/06/05 05/07/05
11/07/05 15/07/05
21/07/05 27/07/05 EEX-Powernext Front Month EEX-Powernext Front Quarter EEX-Powernext Front Year
Market Liquidity
08/2005 Baseload Contract
Q4/2005 Baseload Contract
Cal 2006 Baseload Contract
Availability of a bid-ask spread (in % of the daily trading session total duration)
40%
50%
60%
70%
80%
90%
100%
01/07/05 05/07/05 07/07/05 11/07/05 13/07/05 15/07/05 19/07/05 21/07/05 25/07/05 27/07/05
Average bid-ask spread
0 0,5 1 1,5 2 2,5 3 3,5 4 4,5 5
01/07/05 04/07/05
05/07/05 06/07/05
07/07/05 08/07/05
11/07/05 12/07/05
13/07/05 14/07/05
15/07/05 18/07/05
19/07/05 20/07/05
21/07/05 22/07/05
25/07/05 26/07/05
27/07/05 28/07/05
€/MWh
0 5 10 15 20 25
Lots
Average volume on the spread Average bid-ask spread
Average bid-ask spread
0 0,5 1 1,5 2 2,5 3 3,5 4 4,5 5 5,5 6 6,5 7 7,5 8
01/07/05 05/07/05
07/07/05 11/07/05
13/07/05 15/07/05
19/07/05 21/07/05
25/07/05 27/07/05
29/07/05
€/MWh
0 5 10 15 20 25
Lots
Average volume on the spread Average bid-ask spread
Availability of a bid-ask spread (in % of the daily trading session total duration)
40%
50%
60%
70%
80%
90%
100%
01/07/05 05/07/05 07/07/05 11/07/05 13/07/05 15/07/05 19/07/05 21/07/05 25/07/05 27/07/05 29/07/05
Average bid-ask spread
0 0,5 1 1,5 2 2,5 3 3,5
01/07/05 05/07/05
07/07/05 11/07/05
13/07/05 15/07/05
19/07/05 21/07/05
25/07/05 27/07/05
29/07/05
€/MWh
0 2 4 6 8 10 12
Lots
Average volume on the spread Average bid-ask spread
Availability of a bid-ask spread (in % of the daily trading session total duration)
40%
50%
60%
70%
80%
90%
100%
01/07/05 05/07/05 07/07/05 11/07/05 13/07/05 15/07/05 19/07/05 21/07/05 25/07/05 27/07/05 29/07/05
08/2005 Peakload Contract
Q4/2005 Peakload Contract
Cal 2006 Peakload Contract Average bid-ask spread
0 1 2 3 4 5 6 7 8 9 10
01/07/05 04/07/05
05/07/05 06/07/05
07/07/05 08/07/05
11/07/05 12/07/05
13/07/05 14/07/05
15/07/05 18/07/05
19/07/05 20/07/05
21/07/05 22/07/05
25/07/05 26/07/05
27/07/05 28/07/05
29/07/05
€/MWh
0 5 10 15 20 25
Lots
Average volume on the spread Average bid-ask spread
Availability of a bid-ask spread (in % of the daily trading session total duration)
40%
50%
60%
70%
80%
90%
100%
01/07/05 05/07/05 07/07/05 11/07/05 13/07/05 15/07/05 19/07/05 21/07/05 25/07/05 27/07/05 29/07/05
Average bid-ask spread
0 2 4 6 8 10 12 14 16 18
01/07/05 05/07/05
07/07/05 11/07/05
13/07/05 15/07/05
19/07/05 21/07/05
25/07/05 27/07/05
29/07/05
€/MWh
0 5 10 15 20 25
Lots
Average volume on the spread Average bid-ask spread
Availability of a bid-ask spread (in % of the daily trading session total duration)
40%
50%
60%
70%
80%
90%
100%
01/07/05 04/07/05 05/07/05 06/07/05 07/07/05 08/07/05 11/07/05 12/07/05 13/07/05 14/07/05 15/07/05 18/07/05 19/07/05 20/07/05 21/07/05 22/07/05 25/07/05 26/07/05 27/07/05 28/07/05
Average bid-ask spread
0 1 2 3 4 5 6 7 8 9 10 11 12
01/07/05 05/07/05
07/07/05 11/07/05
13/07/05 15/07/05
19/07/05 21/07/05
25/07/05 27/07/05
29/07/05
€/MWh
0 2 4 6 8 10
Lots
Average volume on the spread Average bid-ask spread
Availability of a bid-ask spread (in % of the daily trading session total duration)
40%
50%
60%
70%
80%
90%
100%
01/07/05 05/07/05 07/07/05 11/07/05 13/07/05 15/07/05 19/07/05 21/07/05 25/07/05 27/07/05 29/07/05
CONTACTS
Powernext S.A. Marketing Marketing and Sales
25, rue Louis Le Grand Audrey MAHUET : 33 (0) 1 73 03 96 05 Thierry CAROL : 33 (0) 1 73 03 96 04
75002 PARIS a.mahuet@powernext.fr t.carol@powernext.fr
tél. +33 (0)1 73 03 96 00 Sovann KHOU : 33 (0) 1 73 03 96 07 Richard KATZ : 33 (0) 1 73 03 96 02
fax +33 (0)1 73 03 96 01 s.khou@powernext.fr r.katz@powernext.fr
information@powernext.fr Philippe CHAUVANCY : 33 (0) 1 73 03 96 03
p.chauvancy@powernext.fr
