APX Group (APX) is an energy exchange operating the spot markets for

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as describ ...

in the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

, the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

, and

Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to ...

. Established in 1999, APX provides

exchange trading An exchange, bourse (), trading exchange or trading venue is an organized market where (especially) tradable securities, commodities, foreign exchange, futures, and options contracts are bought and sold. History 12th century: Brokers on the G ...

, central clearing and settlement, and data distribution services as well as benchmark data and industry indices. APX has over 180 members from more than 15 countries. In 2014, a total volume of 92 TWh of energy was traded or cleared by APX. APX offices are located in

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

and

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

History

In May 1999, trading started at the Amsterdam Power Exchange (APX). It was the first electricity exchange market in Continental Europe. In 2000, the UK's first independent power exchange UKPX (now APX Power UK) was established followed by launch of APX UK electricity spot market in 2001. UKPX was acquired by APX in 2004. ENDEX was acquired by APX Group in 2008 and the integration was completed in 2009. After merging the APX Group and ENDEX a new name APX-ENDEX was introduced. In 2005, APX became a shareholder of Belgian power exchange Belpex SA. 19 April 2010, APX and Belpex announced that they will integrate their activities and Belpex is becoming a part of APX. Belpex is a 100% subsidiary of APX. On 1 March 2013, APX-ENDEX separated into two companies: the power spot exchange APX and the gas spot, gas derivatives and power derivatives exchange ENDEX. As of 27 March 2014, Intercontinental Exchange (ICE) is the majority shareholder of ENDEX. The name of the new company is ICE Endex. On 17 April 2015, EPEX SPOT and APX Group, including Belpex, announced their intention to integrate their businesses in order to form a Power Exchange for Central Western Europe (CWE) and the UK.

Organisation

APX Group is a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

operating three energy exchange markets in the Netherlands, the United Kingdom and Belgium. APX comprises APX Holding B.V., APX Power B.V., APX Commodities Ltd, APX Clearing B.V. APX Shopping B.V. and Belpex N.V., the Belgian power exchange. In addition, the APX provides third-party services for the clearing. Since 4 May 2015, EPEX SPOT is 100% owner of APX Group.

Members

APX has over 180 memberships from various countries; companies trading on the spot power markets in the Netherlands, Belgium and the UK.

References

External links

* {{DEFAULTSORT:Apx Group Electric power exchanges in Europe Electric power in the Netherlands Electric power in the United Kingdom Electric power in Belgium