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LPX Leipzig Power Exchange

The first German Power Exchange

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LPX Spot Market - Weekly volumes and average prices (MCP)

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€/MWh

Week volume Weekly average price

Only Fri-Sun

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Prices and Volumes in LPX Spot Market

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EURO/MWh

Daily turnover Daily average

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FACTS ABOUT TRADE JUNE 16 - OCTOBER 23

Total volume: 1070892 MWh

Average volume/day: 8238 MWh

Highest daily volume (Thu Sep 21): 16954 MWh

Lowest daily volume (Mon June 19): 1448 MWh

Average daily price (MCP): 16,88 EURO

Highest daily average (MCP) (Thu Sep 14): 30,32 EURO

Lowest daily average (MCP) (Sun Oct 15): 7,74 EURO

Highest hourly price (MCP) (Hour 12 on Thu, Sep 21): 100,19 EURO

Lowest hourly price (MCP) (Hour 6 on Sun, Oct 15): 0,86 EURO

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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

LPX has a clear strategy

StabilisationSpot Spot & Futures

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„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

„Auction Bidding“ as the best solution

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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.)

Basic principles of price determination

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TSO-areas

LPX works with 8 TSO-areas: BayernWerk Bewag EnBW Transportnetze HEW PreussenElektra Netz RWE Energie VEW ENERGIE VEAG

LPX and the German power market

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Block bid periods on the LPX Spot Market

Time 00:00 24:0006:00 14:0010:00 18:00

Block 1h. 1 – 6

Block 2h. 7 - 10

Block 3h. 11 - 14

Block 4h. 15 - 18

Block 5h. 19 - 24

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.

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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

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LPX Organisation

LPX Management

Spot Trading

SettlementMarketing &

Key Accounts

LPX Board:• City of Leipzig• Sachsen LB• Freestate of Saxony• Nord Pool ASA

Exchange Council

Management of the Exchange

Trade Supervisory

Examination Regulations

Sanction committee

Exchange Courtof Arbitration

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LPX Fees

Overview Trading fees

(mutual, i.e. to be paid by both the purchaser and the seller)

0.04 Euro/MWh

Annual fee

12500 Euro

Entrance fee (one-off)

7000 Euro

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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)