BSP SouthPool News February 2020

The newsletter of the BSP Energy Exchange for February 2020

The newsletter of the BSP Energy Exchange for February 2020


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<strong>BSP</strong> <strong>SouthPool</strong><br />

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T h e n e w s l e t t e r o f t h e B S P E n e r g y E x c h a n g e N o 1 / 2 0 2 0<br />

<strong>BSP</strong> 2019 Market Results<br />

SIDC project - Increased liquidity on Intraday market<br />

Interview: Mrs. Andreja Zupan<br />

(GEN-I Trading Director and <strong>BSP</strong> <strong>SouthPool</strong> Members Chamber president)<br />

Overview of <strong>BSP</strong> <strong>SouthPool</strong>'s international projects<br />

Apply for the next Traders' Course<br />

Trading report for<br />

the year 2019<br />

90<br />

80<br />

Slovenian Day-ahead Prices and Volumes<br />

in the year 2019<br />

800.000<br />

700.000<br />

Total traded volume in the year 2019 exceeded 8,9<br />

TWh, whereas the volume on Day ahead reached<br />

8.284 GWh and on Intraday 646 GWh.<br />

In the year 2019 the total volume of concluded<br />

transactions on Day-Ahead segment amounted to<br />

8.284.346 MWh, which represented 63 % of the<br />

Slovenian market consumption. The maximum daily<br />

volume in the year 2019 reached 33.047 MWh and<br />

took place on the 24 th October. The maximum hourly<br />

volume, an amount of 1.937 MWh was realised on the<br />

delivery day of 9<br />

th<br />

November for the 2<br />

nd<br />

hour.<br />

Price (€/MWh)<br />

70<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec<br />

Volume Base Peak<br />

600.000<br />

500.000<br />

400.000<br />

300.000<br />

200.000<br />

100.000<br />

0<br />

Volume (MWh)<br />

Continuous Intraday Trading report for the year 2019<br />

<strong>BSP</strong> <strong>SouthPool</strong> has become part of the<br />

Single Intraday Coupling project on the<br />

19th of November 2019 which resulted in a<br />

significant increase of continuous crossborder<br />

trading.<br />

In the year 2019 the total trading volume<br />

reached 246.308 MWh. In the same period<br />

a total volume of 17.155 MWh was<br />

concluded with block products, 223.115<br />

MWh with hourly products and 6.038 MWh<br />

with 15 minute products.<br />

Volume (MWh)<br />

Slovenian Continuous Intraday Market Volumes in the year 2019<br />

120<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec<br />

Block Volume Hourly Volume Fifteen minute Volume<br />

Total Volume: 246.308 MWh Block Volume: 17.155 MWh<br />

Hourly Volume: 223.115 MWh Fifteen minute Volume: 6.038 MWh<br />


<strong>BSP</strong><br />

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<strong>SouthPool</strong><br />

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Implicit Auction<br />

Intraday Trading<br />

report for the<br />

year 2019<br />

In the year 2019 the total amount of 399.761<br />

MWh was traded. In the same period the total<br />

amount of offered daily capacities for both<br />

sessions, in the direction from Slovenia to Italy<br />

amounted to 3.928.689 MWh. Through the<br />

implicit allocation at <strong>BSP</strong>, 160.518 MWh of the<br />

offered capacities were allocated. In the<br />

direction from Italy to Slovenia the total amount<br />

of offered daily capacities was 4.418.498 MWh<br />

and 175.859 MWh were allocated.<br />

Volume (MWh)<br />

60.000<br />

50.000<br />

40.000<br />

30.000<br />

20.000<br />

10.000<br />

0<br />

Slovenian Auction Intraday Market Volumes in the year 2019<br />

Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec<br />

MI2 Trading Volume Mi6 Trading Volume<br />

SIDC project -<br />

Increased liquidity<br />

on Intraday market<br />

SIDC project members<br />

th<br />

since 19 November 2019<br />

The single intraday market enables continuous cross-border<br />

trading across Europe. This means that orders entered by<br />

market participants for continuous matching in one country<br />

can be matched by orders similarly submitted by market<br />

participants in any other country within the project's reach as<br />

long as transmission capacity is available.<br />

2.700 MWh of average daily volume till 31st Dec 2019<br />

Maximum daily volume of 7.893 MWh<br />

2,5-fold increase of trading participants on Intraday<br />

trading segment<br />

Interview – Mrs. Andreja Zupan<br />

GEN-I Trading Director & <strong>BSP</strong> <strong>SouthPool</strong><br />

Members Chamber President<br />

<strong>BSP</strong> <strong>SouthPool</strong> has joined Single Intraday Coupling<br />

project SIDC (XBID) on the 19th November 2019. How<br />

important is by your opinion the project for European<br />

electricity trading in general?<br />

At GEN-I we believe that SIDC project is an important part of<br />

European electricity market model. With implementation of<br />

SIDC in EU all intraday markets will benefit due to increase of<br />

market depth and liquidity and also given possibility for<br />

active participation of certain production and supply<br />

companies with flexible assets, that had until now only local<br />

presence.<br />


<strong>BSP</strong><br />

n<br />

<strong>SouthPool</strong><br />

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You are also a president of Members Chamber on <strong>BSP</strong><br />

<strong>SouthPool</strong>. Where do you see major benefits for<br />

trading companies as Gen-i and other trading<br />

members within SIDC?<br />

Before implementation of SIDC, bigger trading companies<br />

were taking advantage out of options of the utilization of<br />

unused cross-border capacities between markets on intraday<br />

level; this advantage has diminished however we see much<br />

bigger potential for intraday trading due to already<br />

mentioned increased liquidity and new players that are much<br />

more active on intraday market. GEN-I was prepared on<br />

market changes before implementation of SIDC since we<br />

have foreseen a huge opportunity arising from almost day-to<br />

day increasing flexible production especially from<br />

renewables, with GEN-I acting as an aggregator of smaller<br />

assets.<br />

H o w d o y o u f o r e s e e t h e d e v e l o p m e n t a n d<br />

opportunities for Gen-i within the »Clean energy for all<br />

Europeans package« (formerly known as »Winter<br />

package«)?<br />

With the increase of the planed share of renewable energy in<br />

the European generation profile we see a lot of opportunities.<br />

Of course, GEN-I wants to be at the forefront of the green<br />

transformation by being a role model and providing feasible<br />

solution. We put our customers and their experience in the<br />

center of our service by providing solar power plants on<br />

individual houses, residential and office buildings. We are<br />

constantly investing in research and development and<br />

striving for technical solutions that will make the transition to<br />

a carbon-free society.<br />

Overview of <strong>BSP</strong> <strong>SouthPool</strong>'s<br />

international projects<br />


<strong>BSP</strong><br />

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<strong>SouthPool</strong><br />

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Apply for the next<br />

Traders' Course<br />

Exchange Trader Training Course offers professional training and<br />

examination for traders wishing to trade on <strong>BSP</strong> <strong>SouthPool</strong><br />

Markets. Skills supplementation can also be attended by those<br />

who wish to obtain new knowledge in electricity trading.<br />

th<br />

Secure your seat for the 10 of March and<br />


The newsletter is published<br />

by <strong>BSP</strong> Energy Exchange LLC.<br />

Editor in Chief<br />

Anže Predovnik<br />

Completed in <strong>February</strong> <strong>2020</strong>, No 1/<strong>2020</strong><br />

Address: <strong>BSP</strong> Energy Exchange LLC,<br />

Dunajska 156, SI-1000 Ljubljana, Slovenia<br />

Telephone number: + 386 1 620 76 76<br />

Fax number: + 386 1 620 76 77<br />

Website: www.bsp-southpool.com<br />

E-mail: info@bsp-southpool.com<br />

Copyright © 2008 - <strong>2020</strong> – <strong>BSP</strong> LLC<br />

All rights reserved<br />

<strong>BSP</strong> Energy Exchange<br />

Your energy choice.<br />


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