MONTHLY STATISTICS
Total market volume (MW)
Total market volume (MWh)
Daily average (MWh)
Daily average (MW)
Number of members
Open interest (MWh)
Delivery (MWh)
November-06 2 954 6 046 617 274 846 134 23 12 067 284 1 004 760 December-06 2 525 5 136 235 270 328 133 25 11 350 561 1 062 972 January-07 4 724 7 823 443 355 611 215 26 10 961 788 1 305 144
Year Contracts January-07
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
2008 156 1 370 304 50,60 53,50 48,40 50,25 -4%
2009 80 700 800 49,00 52,50 48,16 54,00 -11%
2010 10 87 600 51,90 51,90 49,52 52,85 -6%
Peak
2008 25 78 600 79,00 80,25 73,57 77,69 -5%
2009 15 46 980 75,00 79,25 73,92 81,13 -9%
2010 - - - - 74,13 78,25 -5%
Quarter Contracts January-07
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
Q2 617 1 347 528 36,00 42,20 34,83 55,98 -38%
Q3 283 624 864 43,00 47,10 41,45 42,32 -2%
Q4 268 592 012 53,50 57,40 50,68 46,29 9%
Q1 160 349 280 62,50 66,75 58,53 56,45 4%
Peak
Q2 67 52 260 53,50 60,50 51,44 85,86 -40%
Q3 127 99 060 70,00 77,75 68,25 62,78 9%
Q4 107 84 744 84,50 91,00 78,27 75,70 3%
Q1 - - - - 86,57 86,28 0%
Month Contracts January-07
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
02/2007 1 032 693 504 44,20 55,00 44,75 54,45 -18%
03/2007 574 426 482 44,50 53,00 42,13 58,84 -28%
04/2007 25 18 000 39,00 39,15 33,38 54,92 -39%
Peak
02/2007 623 149 520 63,00 84,00 62,86 84,27 -25%
03/2007 117 30 888 66,50 77,00 58,97 91,75 -36%
04/2007 - - - - 50,25 82,16 -39%
CONTACT Powernext S.A.
25, rue Louis Le Grand 75002 PARIS
tél. +33 (0)1 73 03 96 00 fax +33 (0)1 73 03 96 01 [email protected]
January 31, 2007
1
Baseload contracts overview
Monthly volume in MW
0 500 1000 1500 2000 2500 3000 3500
Jul-05 Aug-05
Sep-05 Oct-05
Nov-05 Dec-05
Jan-06 Feb-06
Mar-06 Apr-06
May-06 Jun-06
Jul-06 Aug-06
Sep-06 Oct-06
Nov-06 Dec-06
Jan-07 Yearly contracts Quarterly contracts Monthly contracts
Daily settlement price in €/MWh
30 35 40 45 50 55 60 65 70 75 80
03/07/2006 10/07/2006
17/07/2006 24/07/2006
31/07/2006 07/08/2006
14/08/2006 21/08/2006
28/08/2006 04/09/2006
11/09/2006 18/09/2006
25/09/2006 02/10/2006
09/10/2006 16/10/2006
23/10/2006 30/10/2006
06/11/2006 13/11/2006
20/11/2006 27/11/2006
04/12/2006 11/12/2006
18/12/2006 27/12/2006
04/01/2007 11/01/2007
18/01/2007 25/01/2007 Front-Month Front-Quarter Front-Year
Open Interest by Delivery Year in MWh
0 2 000 000 4 000 000 6 000 000 8 000 000 10 000 000 12 000 000 14 000 000 16 000 000
03/07/2006 14/07/2006
27/07/2006 08/08/2006
18/08/2006 30/08/2006
11/09/2006 21/09/2006
03/10/2006 13/10/2006
25/10/2006 06/11/2006
16/11/2006 28/11/2006
08/12/2006 20/12/2006
04/01/2007 16/01/2007
26/01/2007 2006 2007 2008 2009
2
Peakload contracts overview
Monthly volume in MW
0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2750
Jul-05 Aug-05
Sep-05 Oct-05
Nov-05 Dec-05
Jan-06 Feb-06
Mar-06 Apr-06
May-06 Jun-06
Jul-06 Aug-06
Sep-06 Oct-06
Nov-06 Dec-06
Jan- 07 Monthly contracts Quarterly contracts Yearly contracts
50 60 70 80 90 100 110
03/07/2 006 10/07/2
006 17/07/2
006 24/07/2
006 31/07/2
006 07/08/2
006 14/08/2
006 21/08/2
006 28/08/2
006 04/09/2
006 11/09/2
006 18/09/2
006 25/09/2
006 02/10/2
006 09/10/2
006 16/10/2
006 23/10/2
006 30/10/2
006 06/11/2
006 13/11/2
006 20/11/2
006 27/11/2
006 04/12/2
006 11/12/2
006 18/12/2
006 27/12/2
006 04/01/2
007 11/01/2
007 18/01/2
007 25/01/2
007
Front-Month Front-Quarter Front-Year
Daily settlement price in €/MWh Open Interest by Delivery Year in MWh
0 250 000 500 000 750 000 1 000 000 1 250 000 1 500 000 1 750 000 2 000 000 2 250 000
03/07/2 006 10/07/2
006 19/07/2
006 26/07/2
006 02/08/2
006 09/08/2
006 16/08/2
006 23/08/2
006 30/08/2
006 06/09/2
006 13/09/2
006 20/09/2
006 27/09/2
006 04/10/2
006 11/10/2
006 18/10/2
006 25/10/2
006 01/11/2
006 08/11/2
006 15/11/2
006 22/11/2
006 29/11/2
006 06/12/2
006 13/12/2
006 20/12/2
006 29/12/2
006 08/01/2
007 15/01/2
007 22/01/2
007 29/01/2
007
2006 2007 2008 2009
3
Market Liquidity
12/2006 Baseload Contract
Q1/2007 Baseload Contract
Cal 2007 Baseload Contract
Availability of a bid-ask spread (in % of the daily trading session total duration)
40%
50%
60%
70%
80%
90%
100%
02/01/07 04/01/07 08/01/07 10/01/07 12/01/07 16/01/07 18/01/07 22/01/07 24/01/07 26/01/07 30/01/07
Average bid-ask spread
0 1 2 3
02/01/07 04/01/07
08/01/07 10/01/07
12/01/07 16/01/07
18/01/07 22/01/07
24/01/07 26/01/07
30/01/07
€/MWh
0 5 10 15 20 25
Lots
Average volume on the spread Average bid-ask spread
Average bid-ask spread
0 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6 1,8 2 2,2
02/01/07 04/01/07
08/01/07 10/01/07
12/01/07 16/01/07
18/01/07 22/01/07
24/01/07 26/01/07
30/01/07
€/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%
02/01/07 04/01/07 08/01/07 10/01/07 12/01/07 16/01/07 18/01/07 22/01/07 24/01/07 26/01/07 30/01/07
Average bid-ask spread
0 0,2 0,4 0,6 0,8 1
02/01/07 04/01/07
08/01/07 10/01/07
12/01/07 16/01/07
18/01/07 22/01/07
24/01/07 26/01/07
30/01/07
€/MWh
0 1 2 3 4 5 6 7 8 9 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%
02/01/07 04/01/07 08/01/07 10/01/07 12/01/07 16/01/07 18/01/07 22/01/07 24/01/07 26/01/07 30/01/07
4
12/2006 Peakload Contract
Q1/2007 Peakload Contract
Cal 2007 Peakload Contract
Average bid-ask spread
0 1 2 3 4
02/01/07 03/01/07
04/01/07 05/01/07
08/01/07 09/01/07
10/01/07 11/01/07
12/01/07 15/01/07
16/01/07 17/01/07
18/01/07 19/01/07
22/01/07 23/01/07
24/01/07 25/01/07
26/01/07 29/01/07
30/01/07
€/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%
02/01/07 04/01/07 08/01/07 10/01/07 12/01/07 16/01/07 18/01/07 22/01/07 24/01/07 26/01/07 30/01/07
Average bid-ask spread
0 1 2 3 4 5 6
02/01/07 04/01/07
08/01/07 10/01/07
12/01/07 16/01/07
18/01/07 22/01/07
24/01/07 26/01/07
30/01/07
€/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%
02/01/07 04/01/07 08/01/07 10/01/07 12/01/07 16/01/07 18/01/07 22/01/07 24/01/07 26/01/07 30/01/07
Average bid-ask spread
0 1 2 3 4 5 6 7
02/01/07 04/01/07
08/01/07 10/01/07
12/01/07 16/01/07
18/01/07 22/01/07
24/01/07 26/01/07
30/01/07
€/MWh
0 1 2 3 4 5 6 7 8 9 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%
02/01/07 04/01/07 08/01/07 10/01/07 12/01/07 16/01/07 18/01/07 22/01/07 24/01/07 26/01/07 30/01/07
5
