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Axpo’s Total Hedging Volumes Remained Stable

POWER
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Swiss utility Axpo hedged 51TWh of power generation as of the end of March, broadly stable from six months earlier at 52TWh, the firm said during its half-year results.

  • Since the start of 2022 Axpo has no longer hedged its entire electricity production over a period of three years.
  • The firm hedged 25.7TWh of electricity production for 2023/24 as of the end of the first quarter, with an open position 1.8TWh of generation at an average price of €56/MWh. This compares to 24.3TWh hedged at €55/MWh as of the end of September last year.
  • For 2024/25, Axpo hedged 19TWh of its power generation with an open position of 6.2TWh. This compares to 17TWh hedged with an open position of 8TWh at the third quarter last year.
  • Axpo expects to benefit from higher prices from 2024/2025 onwards, the firm said.
  • For 2025/2026, the firm hedged 13.3TWh with an open position of 11.4TWh. This compares to 10.4TWh hedged with an open position of 14.4TWh as of the end of September.
  • Axpo also started hedging for 2026/27 for which the firm had hedged 5.9TWh of output with an open position of 19.3TWh at an average price of €96/MWh.

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Swiss utility Axpo hedged 51TWh of power generation as of the end of March, broadly stable from six months earlier at 52TWh, the firm said during its half-year results.

  • Since the start of 2022 Axpo has no longer hedged its entire electricity production over a period of three years.
  • The firm hedged 25.7TWh of electricity production for 2023/24 as of the end of the first quarter, with an open position 1.8TWh of generation at an average price of €56/MWh. This compares to 24.3TWh hedged at €55/MWh as of the end of September last year.
  • For 2024/25, Axpo hedged 19TWh of its power generation with an open position of 6.2TWh. This compares to 17TWh hedged with an open position of 8TWh at the third quarter last year.
  • Axpo expects to benefit from higher prices from 2024/2025 onwards, the firm said.
  • For 2025/2026, the firm hedged 13.3TWh with an open position of 11.4TWh. This compares to 10.4TWh hedged with an open position of 14.4TWh as of the end of September.
  • Axpo also started hedging for 2026/27 for which the firm had hedged 5.9TWh of output with an open position of 19.3TWh at an average price of €96/MWh.