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) 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 August-05 1 582 3 910 690 177 759 72 21 6 822 424 460 104
Year Contracts August-05
Lots MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
2006 213 1 865 880 43,65 45,30 45,48 44,46 2%
2007 77 674 520 41,90 44,55 44,55 42,58 5%
2008 - - - - 44,44 42,75 4%
Peak
2006 36 112 320 60,50 61,25 62,18 59,60 4%
2007 5 15 660 60,90 60,90 60,85 56,73 7%
2008 1 3 144 60,60 60,60 60,63 56,90 7%
Quarter Contracts August-05
Lots MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
Q4 218 481 562 48,50 49,90 49,85 49,54 1%
Q1 40 86 360 49,00 50,80 51,23 49,44 4%
Q2 25 54 600 42,00 42,00 41,24 40,33 2%
Q3 36 79 488 42,15 43,10 43,30 42,58 2%
Peak
Q4 76 59 280 66,00 68,55 67,72 69,37 -2%
Q1 75 58 500 67,90 68,65 69,50 66,60 4%
Q2 - - - - 56,35 52,60 7%
Q3 - - - - 59,75 57,85 3%
Month Contracts August-05
Lots MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
09/2005 356 256 320 45,25 48,75 45,27 43,50 4%
10/2005 60 44 700 47,35 48,00 48,20 47,44 2%
11/2005 50 36 000 50,50 50,65 51,10 47,70 7%
Peak
09/2005 219 57 816 60,50 64,00 60,32 57,44 5%
10/2005 45 11 340 65,25 65,50 66,30 64,05 4%
11/2005 50 13 200 71,50 71,70 69,40 65,51 6%
August 31, 2005
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Baseload contracts overview
Daily volume in lots during the last six months
0 40 80 120 160 200 240 280 320 360 400
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 2/8/05
8/8/05 12/8/05
19/8/05 25/8/05
31/8/05 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
01/03/05 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 02/08/05
08/08/05 12/08/05
18/08/05 24/08/05
30/08/05 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
01/03/05 11/03/05 23/03/05 06/04/05 18/04/05 28/04/05 10/05/05 20/05/05 01/06/05 13/06/05 23/06/05 05/07/05 15/07/05 27/07/05 08/08/05 18/08/05 30/08/05 2005 2006 2007 2008
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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
01/03/0507/03/0511/03/0517/03/0523/03/0531/03/0506/04/0512/04/0518/04/0522/04/0528/04/0504/05/0510/05/0516/05/0520/05/0526/05/0501/06/0507/06/0513/06/0517/06/0523/06/0529/06/0505/07/0511/07/0515/07/0521/07/0527/07/0502/08/0508/08/0512/08/0519/08/0525/08/0531/08/05 Monthly contracts Quarterly contracts Yearly contracts
38 43 48 53 58 63 68 73 78 83 88
01/03/0507/03/0511/03/0517/03/0523/03/0531/03/0506/04/0512/04/0518/04/0522/04/0528/04/0504/05/0510/05/0516/05/0520/05/0526/05/0501/06/0507/06/0513/06/0517/06/0523/06/0529/06/0505/07/0511/07/0515/07/0521/07/0527/07/0502/08/0508/08/0512/08/0518/08/0524/08/0530/08/05 Front-Month Front-Quarter Front-Year
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
01/03/05 09/03/05 17/03/05 29/03/05 06/04/05 14/04/05 22/04/05 02/05/05 10/05/05 18/05/05 26/05/05 03/06/05 13/06/05 21/06/05 29/06/05 07/07/05 15/07/05 25/07/05 02/08/05 10/08/05 18/08/05 26/08/05
2005 2006 2007 2008
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Market Liquidity
09/2005 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%
01/08/05 03/08/05 05/08/05 09/08/05 11/08/05 16/08/05 18/08/05 22/08/05 24/08/05 26/08/05 30/08/05
Average bid-ask spread
0 0,1 0,2 0,3 0,4 0,5 0,6 0,7 0,8 0,9 1 1,1
01/08/05 02/08/05
03/08/05 04/08/05
05/08/05 08/08/05
09/08/05 10/08/05
11/08/05 12/08/05
16/08/05 17/08/05
18/08/05 19/08/05
22/08/05 23/08/05
24/08/05 25/08/05
26/08/05 29/08/05
30/08/05
€/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
01/08/05 03/08/05
05/08/05 09/08/05
11/08/05 16/08/05
18/08/05 22/08/05
24/08/05 26/08/05
30/08/05
€/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%
01/08/05 03/08/05 05/08/05 09/08/05 11/08/05 16/08/05 18/08/05 22/08/05 24/08/05 26/08/05 30/08/05
Average bid-ask spread
0 0,1 0,2 0,3 0,4 0,5
01/08/05 03/08/05
05/08/05 09/08/05
11/08/05 16/08/05
18/08/05 22/08/05
24/08/05 26/08/05
30/08/05
€/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%
01/08/05 03/08/05 05/08/05 09/08/05 11/08/05 16/08/05 18/08/05 22/08/05 24/08/05 26/08/05 30/08/05
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This document published by POWERNEXT SA is for information purposes only and is not
09/2005 Peakload Contract
Q4/2005 Peakload Contract
Cal 2006 Peakload Contract Average bid-ask spread
0 0,5 1 1,5 2 2,5
01/08/05 02/08/05
03/08/05 04/08/05
05/08/05 08/08/05
09/08/05 10/08/05
11/08/05 12/08/05
16/08/05 17/08/05
18/08/05 19/08/05
22/08/05 23/08/05
24/08/05 25/08/05
26/08/05 29/08/05
30/08/05
€/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%
01/08/05 02/08/05 03/08/05 04/08/05 05/08/05 08/08/05 09/08/05 10/08/05 11/08/05 12/08/05 16/08/05 17/08/05 18/08/05 19/08/05 22/08/05 23/08/05 24/08/05 25/08/05 26/08/05 29/08/05 30/08/05
Average bid-ask spread
0 0,5 1 1,5 2 2,5 3 3,5 4
01/08/05 03/08/05
05/08/05 09/08/05
11/08/05 16/08/05
18/08/05 22/08/05
24/08/05 26/08/05
30/08/05
€/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%
01/08/05 02/08/05 03/08/05 04/08/05 05/08/05 08/08/05 09/08/05 10/08/05 11/08/05 12/08/05 16/08/05 17/08/05 18/08/05 19/08/05 22/08/05 23/08/05 24/08/05 25/08/05 26/08/05 29/08/05
Average bid-ask spread
0 0,5 1 1,5 2 2,5 3 3,5 4
01/08/05 03/08/05
05/08/05 09/08/05
11/08/05 16/08/05
18/08/05 22/08/05
24/08/05 26/08/05
30/08/05
€/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%
01/08/05 03/08/05 05/08/05 09/08/05 11/08/05 16/08/05 18/08/05 22/08/05 24/08/05 26/08/05 30/08/05
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This document published by POWERNEXT SA is for information purposes only and is not
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
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This document published by POWERNEXT SA is for information purposes only and is not
