POWERNEXT FUTURES™ STATISTICS
Total market volume (MW)
Total market volume (MWh)
Daily average (MWh)
Daily average (MW)
Number of members
Open interest (MWh)
Delivery (MWh) 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 September-05 2 005 5 491 011 249 591 91 21 7 187 004 407 904
Year Contracts September-05
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
2006 237 2 076 120 44,40 46,55 45,82 45,48 1%
2007 157 1 375 320 43,60 45,65 44,51 44,55 0%
2008 25 219 600 44,40 44,95 44,40 44,44 0%
Peak
2006 30 93 600 62,50 64,00 62,87 62,18 1%
2007 30 93 960 61,75 62,80 61,88 60,85 2%
2008 - - - - 62,25 60,63 3%
Quarter Contracts September-05
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
Q4 217 479 353 49,00 51,00 50,49 49,85 1%
Q1 125 269 875 50,40 52,20 50,78 51,23 -1%
Q2 56 122 304 41,55 42,40 42,05 41,24 2%
Q3 60 132 480 42,30 43,35 43,10 43,30 0%
Peak
Q4 - - - - 69,02 67,72 2%
Q1 25 19 500 68,95 68,95 69,60 69,50 0%
Q2 35 27 300 58,25 58,50 57,80 56,35 3%
Q3 15 11 700 59,50 59,50 59,65 59,75 0%
Month Contracts September-05
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
10/2005 318 236 910 47,90 49,75 49,64 48,20 3%
11/2005 85 61 200 50,60 52,00 51,78 51,10 1%
12/2005 100 74 400 50,30 51,15 50,10 50,24 0%
Peak
10/2005 328 82 656 64,35 69,50 67,88 66,30 2%
11/2005 50 13 200 68,50 70,30 69,55 69,40 0%
12/2005 75 19 800 68,60 69,80 68,58 67,45 2%
September 30, 2005
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Baseload contracts overview
Monthly volume in MW
0 500 1000 1500 2000 2500 3000 3500
Jun-0 4
Jul-04 Aug-04
Sep-04 Oct-04
Nov-04 Dec-04
Jan-0 5
Feb-0 5
Mar-0 5
Apr-05 May-05
Jun-0 5
Jul-05 Aug-05
Sep-05 Yearly contracts Quarterly contracts Monthly contracts
Daily settlement price in €/MWh
33 35 37 39 41 43 45 47 49 51 53 55 57 59
01/04/05 07/04/05
13/04/05 19/04/05
25/04/05 29/04/05
05/05/05 11/05/05
17/05/05 23/05/05
27/05/05 02/06/05
08/06/05 14/06/05
20/06/05 24/06/05
30/06/05 06/07/05
12/07/05 18/07/05
22/07/05 28/07/05
03/08/05 09/08/05
15/08/05 19/08/05
25/08/05 31/08/05
06/09/05 12/09/05
16/09/05 22/09/05
28/09/05 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
01/04/05 13/04/05 25/04/05 05/05/05 17/05/05 27/05/05 08/06/05 20/06/05 30/06/05 12/07/05 22/07/05 03/08/05 15/08/05 25/08/05 06/09/05 16/09/05 28/09/05 2005 2006 2007 2008
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This document published by POWERNEXT SA is for information purposes only and is not
Peakload contracts overview
Monthly volume in MW
0 100 200 300 400 500 600 700 800 900 1000 1100 1200
Jun-04 Jul-04 Aug-
04 Sep-
04 Oct-
04 Nov-04
Dec-04
Jan-05 Feb-05 Mar-05 Apr-05 May-
05
Jun-05 Jul-05 Aug-
05 Sep-
05
Monthly contracts Quarterly contracts Yearly contracts
43 48 53 58 63 68 73 78 83 88
01/04/0507/04/0513/04/0519/04/0525/04/0529/04/0505/05/0511/05/0517/05/0523/05/0527/05/0502/06/0508/06/0514/06/0520/06/0524/06/0530/06/0506/07/0512/07/0518/07/0522/07/0528/07/0503/08/0509/08/0515/08/0519/08/0525/08/0531/08/05
06/09/200512/09/200516/09/200522/09/200528/09/2005 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
01/04/05 11/04/05 19/04/05 27/04/05 05/05/05 13/05/05 23/05/05 31/05/05 08/06/05 16/06/05 24/06/05 04/07/05 12/07/05 20/07/05 28/07/05 05/08/05 15/08/05 23/08/05 31/08/05 08/09/05 16/09/05 26/09/05
2005 2006 2007 2008
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Market Liquidity
10/2005 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%
01/09/05 05/09/05 07/09/05 09/09/05 13/09/05 15/09/05 19/09/05 21/09/05 23/09/05 27/09/05 29/09/05
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 1,2 1,3 1,4 1,5 1,6 1,7 1,8 1,9 2
01/09/05 02/09/05
05/09/05 06/09/05
07/09/05 08/09/05
09/09/05 12/09/05
13/09/05 14/09/05
15/09/05 16/09/05
19/09/05 20/09/05
21/09/05 22/09/05
23/09/05 26/09/05
27/09/05 28/09/05
29/09/05
€/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
01/09/05 05/09/05
07/09/05 09/09/05
13/09/05 15/09/05
19/09/05 21/09/05
23/09/05 27/09/05
29/09/05
€/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%
01/09/05 05/09/05 07/09/05 09/09/05 13/09/05 15/09/05 19/09/05 21/09/05 23/09/05 27/09/05 29/09/05
Average bid-ask spread
0 0,1 0,2 0,3 0,4
01/09/05 05/09/05
07/09/05 09/09/05
13/09/05 15/09/05
19/09/05 21/09/05
23/09/05 27/09/05
29/09/05
€/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%
01/09/05 05/09/05 07/09/05 09/09/05 13/09/05 15/09/05 19/09/05 21/09/05 23/09/05 27/09/05 29/09/05
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This document published by POWERNEXT SA is for information purposes only and is not
10/2005 Peakload Contract
Q4/2005 Peakload Contract
Cal 2006 Peakload Contract Average bid-ask spread
0 0,5 1 1,5 2 2,5 3
01/09/05 02/09/05
05/09/05 06/09/05
07/09/05 08/09/05
09/09/05 12/09/05
13/09/05 14/09/05
15/09/05 16/09/05
19/09/05 20/09/05
21/09/05 22/09/05
23/09/05 26/09/05
27/09/05 28/09/05
29/09/05
€/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%
01/09/05 05/09/05 07/09/05 09/09/05 13/09/05 15/09/05 19/09/05 21/09/05 23/09/05 27/09/05 29/09/05
Average bid-ask spread
0 0,5 1 1,5 2 2,5 3
01/09/05 05/09/05
07/09/05 09/09/05
13/09/05 15/09/05
19/09/05 21/09/05
23/09/05 27/09/05
29/09/05
€/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%
01/09/05 02/09/05 05/09/05 06/09/05 07/09/05 08/09/05 09/09/05 12/09/05 13/09/05 14/09/05 15/09/05 16/09/05 19/09/05 20/09/05 21/09/05 22/09/05 23/09/05 26/09/05 27/09/05 28/09/05
Average bid-ask spread
0 0,5 1 1,5 2
01/09/05 05/09/05
07/09/05 09/09/05
13/09/05 15/09/05
19/09/05 21/09/05
23/09/05 27/09/05
29/09/05
€/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%
01/09/05 05/09/05 07/09/05 09/09/05 13/09/05 15/09/05 19/09/05 21/09/05 23/09/05 27/09/05 29/09/05
5
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 [email protected] [email protected]
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 [email protected] [email protected]
[email protected] Philippe CHAUVANCY : 33 (0) 1 73 03 96 03
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This document published by POWERNEXT SA is for information purposes only and is not
