POWERNEXT FUTURES™ STATISTICS
31st, July 2004
Powernext Futures™ opened for trading on June 18th 2004
Total market volume (lots)
Total market volume (MWh)
Daily average (MWh)
Daily average (lots)
Number of members
Open interest (MWh)
Delivery (MWh) June-04 911 1 198 089 133 121 101 9 723 130 -
July-04 575 1 558 810 67 774 25 9 1 410 880 185 184
Year Contracts
July-04
Lots MWh High Low Settlement price
(end of month)
Settlement price (end of prev. month)
Variation
Base
2005 105 919 800 32,80 33,25 33,47 33,28 1%
2006 - - - - 33,62 33,18 1%
Peak
2005 5 15 600 50,05 50,05 50,00 50,18 0%
2006 - - - - 51,25 50,48 2%
Quarter Contracts
July-04
Lots MWh High Low Settlement price
(end of month)
Settlement price (end of prev. month)
Variation
Base
Q4 100 220 900 33,75 34,40 34,45 34,95 -1%
Q1 30 64 770 36,90 37,65 37,43 37,83 -1%
Q2 50 109 200 29,75 30,10 30,55 29,88 2%
Q3 25 55 200 30,00 30,00 30,55 30,08 2%
Peak
Q4 50 39 600 49,30 50,05 49,35 50,50 -2%
Q1 25 19 200 54,25 54,25 54,35 55,23 -2%
Q2 25 19 500 46,10 46,10 46,38 45,78 1%
Q3 - - - - 46,65 46,25 1%
Month Contracts
July-04
Lots MWh High Low Settlement price
(end of month)
Settlement price (end of prev. month)
Variation
Base
08/2004 110 81 840 27,30 28,50 26,63 28,38 -6%
09/2004 - - - - 30,80 31,73 -3%
10/2004 - - - - 31,85 32,78 -3%
Peak
08/2004 - - - - 38,75 43,50 -11%
09/2004 50 13 200 45,00 45,25 43,48 46,15 -6%
10/2004 - - - - 45,53 47,25 -4%
© Powernext SA
Baseload contracts overview
© Powernext SA
Daily volume
0 10 20 30 40 50 60 70 80 90 100 110 120
18/06/04 20/06/04
22/06/04 24/06/04
26/06/04 28/06/04
30/06/04 02/07/04
04/07/04 06/07/04
08/07/04 10/07/04
12/07/04 14/07/04
16/07/04 18/07/04
20/07/04 22/07/04
24/07/04 26/07/04
28/07/04 30/07/04
Lots
Calendar contracts Quarterly contracts Monthly contracts
Daily settlement price of the up-coming delivery period
26 27 28 29 30 31 32 33 34 35 36
18/06/2004 20/06/2004
22/06/2004 24/06/2004
26/06/2004 28/06/2004
30/06/2004 02/07/2004
04/07/2004 06/07/2004
08/07/2004 10/07/2004
12/07/2004 14/07/2004
16/07/2004 18/07/2004
20/07/2004 22/07/2004
24/07/2004 26/07/2004
28/07/2004 30/07/2004
€/MWh
Front-Month Front-Quarter Front-Year Open Interest by Delivery Year
0 200000 400000 600000 800000 1000000 1200000 1400000
18/06/2004 20/06/2004
22/06/2004 24/06/2004
26/06/2004 28/06/2004
30/06/2004 02/07/2004
04/07/2004 06/07/2004
08/07/2004 10/07/2004
12/07/2004 14/07/2004
16/07/2004 18/07/2004
20/07/2004 22/07/2004
24/07/2004 26/07/2004
28/07/2004 30/07/2004
MWh
2004 2005 2006
Peakload contracts overview
© Powernext SA
Daily volume
0 10 20 30 40 50 60 70 80
18/06/2004 20/06/2004
22/06/2004 24/06/2004
26/06/2004 28/06/2004
30/06/2004 02/07/2004
04/07/2004 06/07/2004
08/07/2004 10/07/2004
12/07/2004 14/07/2004
16/07/2004 18/07/2004
20/07/2004 22/07/2004
24/07/2004 26/07/2004
28/07/2004 30/07/2004
Lots
Monthly contracts Quarterly contracts Calendar contracts Price spreads (in €/MWh)
EEX - Powernext Futures
0,0 0,5 1,0 1,5 2,0
18/06/04 20/06/04
22/06/04 24/06/04
26/06/04 28/06/04
30/06/04 02/07/04
04/07/04 06/07/04
08/07/04 10/07/04
12/07/04 14/07/04
16/07/04 18/07/04
20/07/04 22/07/04
24/07/04 26/07/04
28/07/04 30/07/04
EEX-Powernext Front-Month EEX-Powernext Front Quarter EEX-Powernext Front Year
Open Interest by Delivery Year
0 20000 40000 60000 80000 100000 120000 140000 160000
18/06/2004 20/06/2004
22/06/2004 24/06/2004
26/06/2004 28/06/2004
30/06/2004 02/07/2004
04/07/2004 06/07/2004
08/07/2004 10/07/2004
12/07/2004 14/07/2004
16/07/2004 18/07/2004
20/07/2004 22/07/2004
24/07/2004 26/07/2004
MWh
2004 2005 2006
© Powernext SA
Daily settlement prices
38 40 42 44 46 48 50 52
18/06/2004 20/06/2004
22/06/2004 24/06/2004
26/06/2004 28/06/2004
30/06/2004 02/07/2004
04/07/2004 06/07/2004
08/07/2004 10/07/2004
12/07/2004 14/07/2004
16/07/2004 18/07/2004
20/07/2004 22/07/2004
24/07/2004 26/07/2004
€/MWh
Front-Month Front-Quarter Front-Year
Price spreads (in €/MWh) EEX-Powernext Futures
0,0 0,5 1,0 1,5 2,0 2,5
18/06/2004 20/06/2004
22/06/2004 24/06/2004
26/06/2004 28/06/2004
30/06/2004 02/07/2004
04/07/2004 06/07/2004
08/07/2004 10/07/2004
12/07/2004 14/07/2004
16/07/2004 18/07/2004
20/07/2004 22/07/2004
24/07/2004 26/07/2004
28/07/2004 30/07/2004 EEX-Powernext Front Month EEX-Powernext Front Quarter EEX-Powernext Front Year
Market Liquidity
08/2004 Baseload Contract
Q4/2004 Baseload Contract
Cal 2005 Baseload Contract
© Powernext SA
Availability of a bid-ask spread (in % of the daily trading session total duration)
40%
50%
60%
70%
80%
90%
100%
18/6/04 22/6/04 24/6/04 28/6/04 30/6/04 2/7/04 6/7/04 8/7/04 12/7/04 14/7/04 16/7/04 20/7/04 22/7/04 26/7/04 28/7/04
Average bid-ask spread
0 0,5 1 1,5 2 2,5
18/6/04 22/6/04 24/6/04 28/6/04 30/6/04 2/7/04 6/7/04 8/7/04 12/7/04 14/7/04 16/7/04 20/7/04 22/7/04 26/7/04 28/7/04
€/MWh
0 5 10 15 20 25
Lots
Average volume on the spread Average bid-ask spread
Average bid-ask spread
0 0,1 0,2 0,3 0,4 0,5 0,6
18/6/04 23/6/04 28/6/04 1/7/04 6/7/04 9/7/04 14/7/04 19/7/04 22/7/04 27/7/04 30/7/04
€/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%
18/6/04 22/6/04 24/6/04 28/6/04 30/6/04 2/7/04 6/7/04 8/7/04 12/7/04 14/7/04 16/7/04 20/7/04 22/7/04 26/7/04 28/7/04
Average bid-ask spread
0 0,05 0,1 0,15 0,2 0,25 0,3
18/6/04 23/6/04 28/6/04 1/7/04 6/7/04 9/7/04 14/7/04 19/7/04 22/7/04 27/7/04 30/7/04
€/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%
18/6/04 22/6/04 24/6/04 28/6/04 30/6/04 2/7/04 6/7/04 8/7/04 12/7/04 14/7/04 16/7/04 20/7/04 22/7/04 26/7/04 28/7/04
08/2004 Peakload Contract
Q4/2004 Peakload Contract
Cal 2005 Peakload Contract
© Powernext SA
Average bid-ask spread
0 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6
18/6/04 22/6/04 24/6/04 28/6/04 30/6/04 2/7/04 6/7/04 8/7/04 12/7/04 14/7/04 16/7/04 20/7/04 22/7/04 26/7/04 28/7/04
€/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%
18/6/04 22/6/04 24/6/04 28/6/04 30/6/04 2/7/04 6/7/04 8/7/04 12/7/04 14/7/04 16/7/04 20/7/04 22/7/04 26/7/04 28/7/04
Average bid-ask spread
0 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6 1,8
18/6/04 23/6/04 28/6/04 1/7/04 6/7/04 9/7/04 14/7/04 19/7/04 22/7/04 27/7/04 30/7/04
€/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%
18/6/04 22/6/04 24/6/04 28/6/04 30/6/04 2/7/04 6/7/04 8/7/04 12/7/04 14/7/04 16/7/04 20/7/04 22/7/04 26/7/04 28/7/04
Average bid-ask spread
0 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6 1,8
18/6/04 23/6/04 28/6/04 1/7/04 6/7/04 9/7/04 14/7/04 19/7/04 22/7/04 27/7/04 30/7/04
€/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%
18/6/04 22/6/04 24/6/04 28/6/04 30/6/04 2/7/04 6/7/04 8/7/04 12/7/04 14/7/04 16/7/04 20/7/04 22/7/04 26/7/04 28/7/04
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
© Powernext SA
