EPEX SPOT
EPEX SPOT operates Europe's largest physical electricity spot exchange, serving 400+ trading members across 22 countries with Day-Ahead auctions, Intraday continuous trading, and flexibility/capacity markets under EEX Group and Deutsche Börse ownership.
- Company typePrivate
- Founded2008
- HeadquartersParis, France
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What EPEX SPOT does
EPEX SPOT SE is a Paris-headquartered European power exchange founded in 2008, operating organized short-term electricity markets across 22 countries in Central Western Europe, the United Kingdom, Switzerland, the Nordics, Baltics, Poland, and parts of Southeastern Europe. The company is majority-owned by EEX Group (a subsidiary of Deutsche Börse Group), with 49% held by HGRT — a holding company of major European Transmission System Operators. EPEX SPOT serves over 400 trading companies from 28+ countries, including utilities, trading houses, banks, aggregators, industrial consumers, and system operators.
The company's core technology stack comprises two trading systems: MATS, an auction trading system used for Day-Ahead markets and Intraday auctions across 13 European countries, and M7, a continuous trading system powered by Deutsche Börse AG that processes over 10 million orders daily across Intraday markets with 99.9% availability. Beyond core spot trading, EPEX SPOT operates the French capacity market (PLEDGE platform), a pan-European Guarantees of Origin market (PULSE platform), local flexibility markets (Localflex/LEM platform), and offers market data services, consulting, and dynamic pricing licenses for retailers. The company co-developed the EUPHEMIA price coupling algorithm used for cross-border market coupling, and launched the TBx Index Suite in July 2026 to provide storage valuation benchmarks.
EPEX SPOT's revenue model combines transaction-based trading fees, recurring market data subscriptions and membership access fees, per-country licensing royalties (Dynamic Pricing License), and professional services revenue from its consulting arm. Distribution is conducted through direct enterprise sales across multiple membership tiers (Direct Member, Indirect Member via Professional Certified Traders, Passport & Group Membership), API access for automated trading, a network of certified Independent Software Vendors, and the EEX Group Webshop for self-serve data and e-learning purchases.
EPEX SPOT firmographics
Firmographics- Name
- EPEX SPOT
- Legal name
- EPEX SPOT SE
- Website
- https://epexspot.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- EPEX SPOT operates Europe's largest physical electricity spot exchange, serving 400+ trading members across 22 countries with Day-Ahead auctions, Intraday continuous trading, and flexibility/capacity markets under EEX Group and Deutsche Börse ownership.
- Ownership category
- akta.pro rank
EPEX SPOT industry classification
Industry- Product category
- Electricity Trading Exchange
- NAICS
- Securities and Commodity Exchanges (5232), Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Physical Spot Commodity Exchanges / Marketplaces (FSAFAMAH)
Keywords
Where EPEX SPOT is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
EPEX SPOT business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Trading Fees: Transaction fees charged to exchange members for trading on Day-Ahead and Intraday markets. Fees vary by market segment and trading volume. EPEX SPOT offers flat trading fees for Day-Ahead markets and various packages including technical access and market data.
- Market Data Subscriptions: Revenue from selling market data including auction results, continuous trading data, and indices. Data is available through webshop subscriptions, API access, and sFTP file delivery. Prices vary by data usage type (internal vs external) and volume.
- Dynamic Pricing License: Licensing fees from electricity retailers authorized to use EPEX SPOT price indices for Dynamic Tariffs. License is applicable per country of establishment and allows data display in private customer sections.
- Market Access Fees: Fees for technical access and membership setup including complete Day-Ahead + Intraday packages with technical connectivity and market data included
- Consulting Services: EPEX SPOT Consulting offers services including feasibility studies, market design analysis, power exchange setup, and operational training for power markets worldwide
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Complete Day-Ahead + Intraday Package |
| Subscription | Annual | Smart Offer for Low Usage Members |
| Transaction based/ take rate | Pay-as-you-go | Flat Trading Fees |
| Subscription | Annual | Technical Add-ons |
| Licensing/ royalties | Annual | Dynamic Pricing License |
Go-to-market motion1 record
Distribution channels8 records
Marketing channels8 records
EPEX SPOT product offering
Product offeringCore offering
EPEX SPOT operates a European power exchange providing organized auction-based and continuous trading platforms for physical electricity across Day-Ahead, Intraday, After-Market, Guarantees of Origin, and French Capacity Market segments. It also delivers market coupling services to partner exchanges, local flexibility (Localflex) trading platforms for grid operators, market data subscriptions, dynamic pricing licensing for retailers, and consulting services for power market design.
Product overview
EPEX SPOT operates as a European Power Exchange offering a comprehensive platform for physical electricity trading across the entire value chain. The core offering consists of Day-Ahead and Intraday Trading platforms (using MATS and M7 trading systems respectively), supplemented by After-Market Trading, Guarantees of Origin Spot Market, and the French Capacity Market (PLEDGE). Additional services include the Future-to-Spot Service for futures-to-auction fulfillment, Localflex Trading for local flexibility markets, Market Data Services with various delivery options, Dynamic Pricing License for retailers, EPEX SPOT Consulting, and Market Coupling Services provided to other exchanges. The company operates markets across 22 countries including Central Western Europe, UK, Nordics, Baltics, and Poland, with market operation services extending to Ireland, Hungary, Serbia, Slovenia, and Montenegro.
Differentiator
Problem solved
Functional benefit
Brands
- Localflex: Local Flexibility market solution for Flexibility Service Providers and System Operators to manage grid congestion through auction-based or continuous trading.
- PULSE
- PLEDGE
- TBx Index Suite
Products and services
- Day-Ahead Trading
Quantifiable outcome
- Over 600 TWh traded annually representing one-third of European electricity consumption
- +3 more outcomes
Companies that use EPEX SPOT
Customer profileNamed customers15 records
Segments8 records
Ideal customer profiles6 records
EPEX SPOT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature7 records
EPEX SPOT partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- Our Energy LimitedcoreInternational collaboration established in 2025 with New Zealand-based energy-tech company. LEM Localflex auction platform enables Electricity Distribution Business to connect with Flexibility Service Providers in New Zealand, bringing modular, transparent and scalable flexibility solutions.
- SEMOpxcoreEPEX SPOT and ECC support EirGrid and SONI to operate SEMOpx, the local power exchange for Ireland. Operates coupled Day-ahead and Intraday markets since September 2018 with ECC performing clearing and settlement.
- SEEPEX (South East European Power Exchange)coreEPEX SPOT provides market operating services to SEEPEX and holds 25% of the exchange shares. SEEPEX offers Day-Ahead trading in Serbia. The partnership was formalized in 2018 with a memorandum of understanding for creating a strong cross-regional Power Exchange in Central and South Eastern European (CESE) region.
- HUPX (Hungarian Power Exchange)coreHUPX provides transparent and reliable reference prices for Day-Ahead market in Hungary, with EPEX SPOT providing operational servicing. The cooperation contributes to harmonization of trading and clearing systems in Europe.
- UK Power NetworkscorePartnership for Localflex markets powered by LEM auction-based trading platform. Connects hundreds of thousands of flexible assets in London, South East and East of England regions. Enables local flexibility trading for grid congestion management.
- RTE (French Transmission System Operator)coreDevelopment and implementation of French capacity market through auction-based capacity certificate trading. EPEX SPOT operates the auction platform to help secure supply for peak demand periods. Also partner in enera pilot project for flexibility markets.
- National Grid ESOcoreEPEX SPOT designed and implemented balancing auctions for National Grid ESO to aid procurement of flexible capacity over various assets for the following week. Platform supports storage and renewables for grid balancing and frequency response.
- GOPACScoreGOPACS (GOpacs) congestion management platform combines flexible bids from various trading platforms including EPEX SPOT and ETPA. Creates a single virtual order book across different platforms to resolve congestion situations more quickly and increase liquidity.
- Amprion and Elia (TSOs)minorTSO partnership for simulating flow-based market coupling for ALEGrO interconnector between Belgium and Germany. EPEX SPOT provided algorithm expertise and price formation simulation for the 1000 MW HVDC link.
- RTE and EnediscoreLocalflex pilot project deployment in France supporting RTE and Enedis pilot project Portail Flexibilité. EPEX SPOT contributes to development of flexible, market-based solutions for managing grid congestion and enhancing system efficiency.
- enera Project ConsortiumcoreFlexibility market pilot project created with partners from 2017-2020 where flexibility demand from system operators meets supply from batteries, virtual power plants, renewables and industrial loads. System operators can buy flexibility to manage grid congestion efficiently.
- 4M Market Coupling Partners (OKTE, HUPX)coreEPEX SPOT provides service as coupling solution provider for 4M Market Coupling covering Czech Republic, Hungary and Romania markets since November 2014, implementing PCR solution for regional integration.
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
EPEX SPOT competitors and assessment
Company assessmentDirect peers
- SEMOpx: SEMOpx is the Irish single electricity market operator, with EPEX SPOT and ECC supporting EirGrid and SONI to run coupled Day-Ahead and Intraday markets since 2018. It is both a customer and a closely adjacent peer exchange in the Irish and Northern Irish markets.
- OMIE: Operador del Mercado Ibérico de Energía (OMIE) operates the Iberian peninsula power spot market and is a designated NEMO under CACM. It is a direct competitor in cross-border European market coupling and runs Day-Ahead and Intraday auctions with similar product structures.
- OKTE: OKTE is the Slovak electricity market operator and a 4M Market Coupling partner with EPEX SPOT since November 2014. It operates Day-Ahead and Intraday coupled markets for the Czech-Slovak-Hungarian-Romanian region, making it a direct peer in multi-NEMO coupling arrangements.
- SEEPEX: SEEPEX is the South East European Power Exchange offering Day-Ahead trading in Serbia, with EPEX SPOT holding 25% equity and providing market operating services. It is a regional peer focused on CSEE market integration under EPEX SPOT's coupling framework.
- Nord Pool: Nord Pool is Europe's other leading power exchange, operating Day-Ahead and Intraday markets across the Nordics, Baltics, UK and Central Europe. It is the most direct competitor to EPEX SPOT, with overlapping geographies and a similar auction plus continuous trading model.
- HUPX: HUPX is the Hungarian Power Exchange, providing Day-Ahead reference prices for Hungary with EPEX SPOT providing operational servicing. It is a peer NEMO operating in coupled European markets, with similar auction infrastructure and product offerings.
- Nasdaq Commodities: Nasdaq Commodities operates the Nordic power derivatives market (formerly Nord Pool ASA's listed market) and offers cleared power futures and forwards. It competes with EEX in European power derivatives and overlaps with EPEX SPOT via the Future-to-Spot Service interface.
Broad incumbents
- ICE Endex: ICE Endex is the European energy commodities exchange operated by Intercontinental Exchange, covering natural gas and power products. It is a broader incumbent competing for European energy trading flow, though focused on futures rather than spot.
- European Energy Exchange (EEX): EEX is the sister organization within EEX Group, focused on power, gas, emissions and agricultural derivatives futures. While it operates in the broader EEX Group ecosystem with EPEX SPOT, its listed derivatives business overlaps with EPEX SPOT's spot franchise and provides the futures-to-spot linkage via the Future-to-Spot Service.
Others
- GOPACS: GOPACS is the Dutch congestion management platform that connects flexible bids from EPEX SPOT and ETPA into a single virtual order book. It is an ecosystem partner that integrates directly with EPEX SPOT's Localflex Continuous NL market for grid flexibility resolution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
EPEX SPOT social profiles
Digital presenceEPEX SPOT compliance and trust
Trust signalCompliance5 records
EPEX SPOT financial estimates
Financial estimateRevenue estimate
Valuation estimate
EPEX SPOT leadership team
Management profileNumber of profiles
Profiles3 records
EPEX SPOT subsidiaries and ownership
Company hierarchySubsidiaries1 record
EPEX SPOT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EPEX SPOT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EPEX SPOT
What does EPEX SPOT do?
EPEX SPOT operates a European power exchange providing organized auction-based and continuous trading platforms for physical electricity across Day-Ahead, Intraday, After-Market, Guarantees of Origin, and French Capacity Market segments. It also delivers market coupling services to partner exchanges, local flexibility (Localflex) trading platforms for grid operators, market data subscriptions, dynamic pricing licensing for retailers, and consulting services for power market design.
Is EPEX SPOT a public or private company?
EPEX SPOT is a private company. It is classified as corporate owned and is currently operating.
When was EPEX SPOT founded?
EPEX SPOT was founded in 2008. It employs 101 to 250 people.
Where is EPEX SPOT based?
EPEX SPOT is headquartered in Paris, France, in the Europe region.
How does EPEX SPOT make money?
Five revenue lines are on record. Trading Fees are the primary driver. The others are market Data Subscriptions, dynamic Pricing License, market Access Fees and consulting Services.
Who are EPEX SPOT's main competitors?
Direct peers on record are SEMOpx, OMIE, OKTE, SEEPEX, Nord Pool, HUPX and Nasdaq Commodities. Broad incumbents are ICE Endex and European Energy Exchange (EEX). GOPACS is listed as an others.
Does EPEX SPOT have an API?
Yes. EPEX SPOT offers APIs for market participants to send and receive formatted messages to and from trading systems. APIs are available for the M7 trading system (used for continuous trading) and MATS (used for auction trading). These are interfaces against which market participants can program software - they are not ready-to-use applications. Technical API information is available in the download section. Developer documentation is at www.epexspot.com/en/downloads#trading-systems.
What industry is EPEX SPOT in?
EPEX SPOT's product category is Electricity Trading Exchange. Its primary akta.pro industry code is FSAFAMAH, Physical Spot Commodity Exchanges / Marketplaces. Its NAICS code is 5232 and its SIC code is 6211.