analytical Q
Suggest a Link
Contact
Online Article
Energy

Table 2: Online wholesale power exchanges and platforms

Company or platform
Uniqueness from the company's perspective
Type
Traded products
Revenue model
URL
Altra: Altrade, Altraweb, AltraNet

"Meta-mediary", complete solution, ranked No. 1 by AMR research

Round-the-clock exchange with clearing in natural gas

US natural gas and power; joint venture in UK on gas.

Monthly subscription fee and percentage transaction fee

www.altra.com

Amsterdam Power Exchange

First power exchange to support international trading from start

Regulated exchange

Dutch and German power

One-off entrance fee and an annual fixed fee

www.apx.nl

Automatic Power Exchange

API-integrated exchange and OTC clearing

Exchange

US power, not yet launched in UK

Transaction fees

www.apx.com

Bloomberg: Powermatch

Largest electronic energy broker in dollar volume

Electronic brokering, non-Internet system (no voice)

Power, gas, emissions allowances

Transaction fees

www.bloomberg.com

DynegyDirect

Second energy market-maker on Internet

Market-maker

US natural gas liquids, gas, power, and Canadian gas

Free to participate

www.dynegydirect.com

EnronOnline

First energy market-maker on Internet

Market-maker

Power, gas, coal, crude oil, weather, etc.

Free to participate

www.enrononline.com

ePower

First multi-broker

Multi-broker

Nordic power

Equity and transaction-based

www.epower.no

eSpeed's TradeSpark

 

Exchange

 

 

www.espeed.com

European Energy Exchange

First integrated spot and futures exchange for power in Central Europe

Regulated exchange

German power

Membership fee

www.eex.de

GFINET

Best implementation of hybrid model

Hybrid - complement to voice brokering

German power

Transaction fee from buyer and seller

www.gfinet.com

HoustonStreet

First fully Web-based wholesale power trading platform in the US

Exchange

Power, crude oil, and refined products

Seller pays transaction fee

www.houstonstreet.com

Intercontinental Exchange (ICE)

First non-broker, trader-only consortium

Consortium, over-the-counter, round-the-clock exchange

Natural gas, power, crude and refined oil products, precious metals

Revenues derived from transaction processing

www.intercontinentalexchange.com

NYMEX: eNymex

First Internet trading platform of NYMEX to be launched

Regulated exchange

Not launched yet

Clearing fee

www.enymex.com

NordPool

First multinational commodity exchange for electric power

Regulated exchange with clearing services

Power (physical and financial futures) in Scandinavian countries

Membership, transaction, clearing fees

www.nordpool.no

RedMeteor

 

Exchange

Crude oil, power, gas, natural gas liquids

Depends on product, transaction fee

www.redmeteor.com

Spectron Group

Europe's largest independent energy broker

Hybrid - complement to voice brokering

UK gas and power; German power; Zeebrugge gas; metals

Transaction fee from buyer and seller

www.spectrongroup.com

TradeCapture

Neutral, 100% web-based software vendor

Software for exchanges

Liquid energy but not power yet.

License, transaction based fees.

www.tradecapture.com

True Quote

Multi-broker, trader participation

Exchange

US only: gas, power, coal, emissions allowances

Percentage of transaction or fixed fee for unlimited trades

www.truequote.com

UKPX

Britain's first independent power exchange

Regulated exchange

UK power, cash-settled futures prior to NETA, thereafter physical delivery, will operate 24/7 spot market

Fees from trading and clearing of contracts

www.ukpx.com

Author: Anne Ku