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) October-06 4 170 6 822 759 310 125 190 23 12 727 850 1 029 764 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
Year Contracts December-06
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
2007 226 1 979 760 50,90 53,50 50,25 51,61 -3%
2008 82 720 288 53,50 54,10 54,00 53,40 1%
2009 25 219 000 52,75 53,75 52,85 53,08 0%
Peak
2007 24 75 168 79,75 82,00 77,69 80,02 -3%
2008 10 31 440 80,90 80,90 81,13 81,35 0%
2009 5 15 660 80,00 80,00 78,25 80,88 -3%
Quarter Contracts December-06
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
Q1 355 766 445 56,00 63,00 55,98 62,77 -11%
Q2 35 76 440 43,25 43,25 42,32 41,24 3%
Q3 45 99 360 46,00 46,75 46,29 44,82 3%
Q4 77 170 093 55,40 59,00 56,45 57,74 -2%
Peak
Q1 20 15 600 92,50 93,00 85,86 96,19 -11%
Q2 - - - - 62,78 63,43 -1%
Q3 30 23 400 74,75 74,80 75,70 73,54 3%
Q4 - - - - 86,28 86,82 -1%
Month Contracts December-06
MW MWh Low traded
(€/MWh)
High traded (€/MWh)
Settlement price (end of month)
Settlement price (end of prev.
month)
Variation
Base
01/2007 813 604 872 54,00 65,60 54,45 50,36 8%
02/2007 161 108 192 60,50 69,00 58,84 65,51 -10%
03/2007 135 100 305 56,00 57,35 54,92 65,66 -16%
Peak
01/2007 367 101 292 86,00 101,00 84,27 76,13 11%
02/2007 60 14 400 99,50 101,00 91,75 100,82 -9%
03/2007 55 14 520 82,50 86,50 82,16 101,86 -19%
December 31, 2006
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Baseload contracts overview
Monthly volume in MW
0 500 1000 1500 2000 2500 3000 3500
Jun-0 5
Jul-05 Aug-05
Sep-05 Oct-05
Nov-05 Dec-05
Jan-0 6
Feb-0 6
Mar-0 6
Apr-06 May-06
Jun-0 6
Jul-06 Aug-06
Sep-06 Oct-06
Nov-06 Dec-06 Yearly contracts Quarterly contracts Monthly contracts
Daily settlement price in €/MWh
36 41 46 51 56 61 66 71 76
01/06/200 6 09/06/200
6 16/06/200
6 23/06/200
6 30/06/200
6 07/07/200
6 14/07/200
6 21/07/200
6 28/07/200
6 04/08/200
6 11/08/200
6 18/08/200
6 25/08/200
6 01/09/200
6 08/09/200
6 15/09/200
6 22/09/200
6 29/09/200
6 06/10/200
6 13/10/200
6 20/10/200
6 27/10/200
6 03/11/200
6 10/11/200
6 17/11/200
6 24/11/200
6 01/12/200
6 08/12/200
6 15/12/200
6 22/12/200
6
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
01/06/2006 14/06/2006
26/06/2006 06/07/2006
20/07/2006 01/08/2006
11/08/2006 23/08/2006
04/09/2006 14/09/2006
26/09/2006 06/10/2006
18/10/2006 30/10/2006
09/11/2006 21/11/2006
01/12/2006 13/12/2006
27/12/2006 2006 2007 2008 2009
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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
0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2750
Jun-05 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 Monthly contracts Quarterly contracts Yearly contracts
45 50 55 60 65 70 75 80 85 90 95 100 105 110 115
01/06/200609/06/200616/06/200623/06/200630/06/200607/07/200614/07/200621/07/200628/07/200604/08/200611/08/200618/08/200625/08/200601/09/200608/09/200615/09/200622/09/200629/09/200606/10/200613/10/200620/10/200627/10/200603/11/200610/11/200617/11/200624/11/200601/12/200608/12/200615/12/200622/12/2006 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
01/06/200609/06/200616/06/200623/06/200630/06/200607/07/200617/07/200625/07/200601/08/200608/08/200615/08/200622/08/200629/08/200605/09/200612/09/200619/09/200626/09/200603/10/200610/10/200617/10/200624/10/200631/10/200607/11/200614/11/200621/11/200628/11/200605/12/200612/12/200619/12/200628/12/2006
2006 2007 2008 2009
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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%
01/12/06 05/12/06 07/12/06 11/12/06 13/12/06 15/12/06 19/12/06 21/12/06 27/12/06 29/12/06
Average bid-ask spread
0 1 2 3 4 5 6
01/12/06 05/12/06
07/12/06 11/12/06
13/12/06 15/12/06
19/12/06 21/12/06
27/12/06 29/12/06
€/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 2,4 2,6 2,8
01/12/06 05/12/06
07/12/06 11/12/06
13/12/06 15/12/06
19/12/06 21/12/06
27/12/06 29/12/06
€/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%
01/12/06 05/12/06 07/12/06 11/12/06 13/12/06 15/12/06 19/12/06 21/12/06 27/12/06 29/12/06
Average bid-ask spread
0 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6 1,8 2
01/12/06 05/12/06
07/12/06 11/12/06
13/12/06 15/12/06
19/12/06 21/12/06
27/12/06 29/12/06
€/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%
01/12/06 05/12/06 07/12/06 11/12/06 13/12/06 15/12/06 19/12/06 21/12/06 27/12/06 29/12/06
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This document published by POWERNEXT SA is for information purposes only and is not
12/2006 Peakload Contract
Q1/2007 Peakload Contract
Cal 2007 Peakload Contract Average bid-ask spread
0 1 2 3 4 5 6 7 8 9 10 11
01/12/06 04/12/06
05/12/06 06/12/06
07/12/06 08/12/06
11/12/06 12/12/06
13/12/06 14/12/06
15/12/06 18/12/06
19/12/06 20/12/06
21/12/06 22/12/06
27/12/06 28/12/06
29/12/06
€/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%
01/12/06 05/12/06 07/12/06 11/12/06 13/12/06 15/12/06 19/12/06 21/12/06 27/12/06 29/12/06
Average bid-ask spread
0 1 2 3 4 5 6 7 8
01/12/06 05/12/06
07/12/06 11/12/06
13/12/06 15/12/06
19/12/06 21/12/06
27/12/06 29/12/06
€/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%
01/12/06 05/12/06 07/12/06 11/12/06 13/12/06 15/12/06 19/12/06 21/12/06 27/12/06 29/12/06
Average bid-ask spread
0 1 2 3
01/12/06 05/12/06
07/12/06 11/12/06
13/12/06 15/12/06
19/12/06 21/12/06
27/12/06 29/12/06
€/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%
01/12/06 05/12/06 07/12/06 11/12/06 13/12/06 15/12/06 19/12/06 21/12/06 27/12/06 29/12/06
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This document published by POWERNEXT SA is for information purposes only and is not
CONTACTS
Powernext S.A. Communication Sales
25, rue Louis Le Grand Sovann KHOU : 33 (0) 1 73 03 96 07 Thierry CAROL : 33 (0) 1 73 03 96 04
75002 PARIS s.khou@powernext.fr t.carol@powernext.fr
tél. +33 (0)1 73 03 96 00 Richard KATZ : 33 (0) 1 73 03 96 02
fax +33 (0)1 73 03 96 01 r.katz@powernext.fr
information@powernext.fr Olivier CATEURA : 33 (0) 1 73 03 76 55
o.cateura@powernext.fr
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This document published by POWERNEXT SA is for information purposes only and is not
