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LPX Leipzig Power Exchange The first German Power Exchange. Stabilisation. LPX has a clear strategy. Role and intention Role: Trading place in the liberalised energy market Intention: constituent component of a European net of energy exchanges
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Stabilisation LPX has a clear strategy • Role and intention • Role: Trading place in the liberalised energy market • Intention: constituent component of a European net of energy exchanges • Goal: To be your professional partner in the energy business Spot Spot & Futures
„Auction Bidding“ as the best solution • „Auction Bidding“ • Bundling up of supply and demand • Minimization of strategic influences and market power • Definite and generally valid time for balancing the portfolio • Economical and simple
Basic principles of price determination • Foreign spot market participants • Foreign participants will have to make sure themselves that power is at their disposal in a German TSO-area • Result • You take part in LPX just as your German colleagues(contract with Balance Responsible a.s.o.)
LPX and the German power market TSO-areas • LPX works with 8 TSO-areas: • BayernWerk • Bewag • EnBW Transportnetze • HEW • PreussenElektra Netz • RWE Energie • VEW ENERGIE • VEAG
Block 1 h. 1 – 6 Block 2 h. 7 - 10 Block 3 h. 11 - 14 Block 4 h. 15 - 18 Block 5 h. 19 - 24 Time 00:00 06:00 10:00 14:00 18:00 24:00 Block bid periods on the LPX Spot Market • Limits for block bids from start • Maximum size for an individual block bid is 50 MW • A maximum of 3 block bids per block period and participant can be sent in addition the hourly bid • These limits can change later on and if so LPX will inform its participants no later than on Thursday the week before implementation of new limits.
Organisation of the exchange • Public law structure • Exchange as an institution under public law • LPX acts through organs under public law • Supporter • LPX Leipzig Power Exchange GmbH • Private law institutions • Shareholders
LPX Organisation Exchange Council • LPX Board: • City of Leipzig • Sachsen LB • Freestate of Saxony • Nord Pool ASA Management of the Exchange Trade Supervisory LPX Management Examination Regulations Sanction committee Spot Trading Settlement Marketing & Key Accounts Exchange Courtof Arbitration
LPX Fees • Overview • Trading fees(mutual, i.e. to be paid by both the purchaser and the seller)0.04 Euro/MWh • Annual fee12500 Euro • Entrance fee (one-off)7000 Euro
The Market Participants • 33 companies trade at LPX Power Exchange • Aare Tessin AG • Bewag Aktiengesellschaft • DISAM A/S • EDF Trading Limited • Electrabel • Elektrizitäts-Gesellschaft-Laufenburg AG • EnBW Gesellschaft für Stromhandel • enercity trade • Energieunion AG • EWMR • Entega Trade GmbH • E.O.N. Energie AG • Fortum Energie GmbH • GEW Köln AG • HEW AG • Kom-Strom AG • Kraftübertragungswerke Rheinfelden AG • MVV Energie AG • Norsk Hydro Energy Deutschland GmbH • NWS Energiehandel GmbH • Österreichische Elektrizitätswirtschafts AG • RWE Energie AG • Southern Energy Europe bv • Stadtwerke Düsseldorf AG • Stadtwerke Leipzig, • Statkraft Energy Deutschland GmbH • Südwestdeutsche Stromhandelsgesellschaft mbH • Syneco GmhH & Co.KG • Tiroler Wasserkraftwerke AG • TXU Europe Energy Trading BV • VASA Energy GmbH & Co. KG • VEAG Vereinigte Energiewerke AG • VEW Energie AG (09/28/00)