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BSP SouthPool News August 2020

The newsletter of the BSP Energy Exchange for August 2020

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

n w<br />

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 2 / 2 0 2 0<br />

<strong>BSP</strong> <strong>2020</strong> 1H Market Results<br />

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

SDAC Members Tests<br />

Members Chamber Online Meeting<br />

NEW – ONLINE Exchange Trader Training Course<br />

Trading report for the<br />

st<br />

1 half of the year <strong>2020</strong><br />

Total traded volume in the 1 st half <strong>2020</strong> exceeded 4,6<br />

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

3.935 GWh and on Intraday 690 GWh. The total<br />

volume of concluded transactions represented 76 %<br />

of the Slovenian market consumption, which<br />

amounted to 6.089 GWh.<br />

Price (€/MWh)<br />

60<br />

50<br />

40<br />

30<br />

20<br />

Slovenian Day-ahead Prices and Volumes<br />

st in the 1 half of the year <strong>2020</strong><br />

1.000.000<br />

900.000<br />

800.000<br />

700.000<br />

600.000<br />

500.000<br />

400.000<br />

300.000<br />

Volume (MWh)<br />

The maximum Day-ahead daily volume in the 1 st half<br />

th<br />

<strong>2020</strong> reached 37.371 MWh and took place on the 9<br />

January. The maximum hourly volume, an amount of<br />

th<br />

1.794 MWh was realised on the delivery day of 8<br />

th<br />

January for the 9 hour.<br />

10<br />

0<br />

January February March April May June<br />

Volume<br />

Base<br />

200.000<br />

100.000<br />

0<br />

Continuous<br />

Intraday Trading<br />

st<br />

report 1 half<br />

of the year <strong>2020</strong><br />

In the 1 st half <strong>2020</strong> the total trading volume<br />

reached 464.826 MWh. In the same period a<br />

total volume of 4.092 MWh was concluded<br />

with block products, 457.710 MWh with<br />

hourly products and 3.024 MWh with 15-<br />

minute products.<br />

Volume (MWh)<br />

90.000<br />

80.000<br />

70.000<br />

60.000<br />

50.000<br />

40.000<br />

30.000<br />

20.000<br />

10.000<br />

0<br />

Total Volume: 464.826 MWh<br />

Hourly Volume: 457.710 MWh<br />

Slovenian Continuous Intraday Market Volumes<br />

st in the 1 half of the year <strong>2020</strong><br />

January February March April May June<br />

Block Volume Hourly Volume Fifteen minute Volume<br />

Block Volume: 4.092 MWh<br />

Fifteen minute Volume: 3.024 MWh<br />

1


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

n<br />

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

w<br />

Implicit Auction<br />

Intraday Trading<br />

report for the<br />

st<br />

1 half <strong>2020</strong><br />

In the 1 st half <strong>2020</strong> the total amount of 225.671<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 3.497 MWh. Through the implicit<br />

allocation at <strong>BSP</strong>, 95,485 MWh of the offered<br />

capacities were allocated. In the direction from<br />

Italy to Slovenia the total amount of offered<br />

daily capacities was 1.941.211 MWh and 103.584<br />

MWh were allocated.<br />

Volume (MWh)<br />

50.000<br />

45.000<br />

40.000<br />

35.000<br />

30.000<br />

25.000<br />

20.000<br />

15.000<br />

10.000<br />

5.000<br />

0<br />

Slovenian Auction Intraday Market Volumes<br />

st in the 1 half of the year <strong>2020</strong><br />

Januar Februar Marec April Maj Junij<br />

MI2 Trading Volume<br />

Mi6 Trading Volume<br />

SIDC project - Increased liquidity<br />

on Intraday market<br />

The single intraday market enables<br />

continuous cross-border trading across<br />

Europe. This means that orders entered<br />

by market participants for continuous<br />

matching in one country can be matched<br />

by orders similarly submitted by market<br />

participants in any other country within<br />

the project's reach if transmission<br />

capacity is available.<br />

<strong>BSP</strong> <strong>SouthPool</strong> has noticed a significant<br />

increase in Intraday continuous market<br />

liquidity since joining the SIDC project in<br />

November 2019. Total Intraday traded<br />

volume therefore averages above 120<br />

GWh on monthly basis.<br />

SDAC Members Tests<br />

Transmission System Operators (TSOs) and Nominated Electricity Market Operators (NEMOs) will<br />

provide a possibility to join the testing activities with backup and fallback (decoupling) scenarios.<br />

Market participants will be notified about specific test scenarios one week prior the execution of the test.<br />

32


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

n<br />

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

w<br />

MEMBERS<br />

CHAMBER<br />

meeting<br />

Due to the impacts of the COVID-19 pandemic, we have<br />

organized an online version of annual Members Chamber<br />

meeting. As usually we have shared <strong>BSP</strong> <strong>SouthPool</strong>'s<br />

trading results on Day-ahead, Intraday and Long-term<br />

auction market, followed by ongoing and planned projects<br />

and concluded with discussion on the proposed topics.<br />

Mr. Miha Pregl from <strong>BSP</strong> <strong>SouthPool</strong> mentioned there are<br />

two project phases planned for market participants in the<br />

CORE Flow-based MC project. The first is external parallel<br />

run with delivering simulated market coupling results for<br />

CORE CCR using FB parameters (foreseen from November<br />

<strong>2020</strong> until May 2021). Additionally, there will be organized<br />

an operational testing phase with testing of the systems<br />

used for market coupling operations (foreseen for March<br />

2021).<br />

Based on the proposal of Members Chamber, <strong>BSP</strong><br />

<strong>SouthPool</strong> will introduce API connectivity and digital<br />

certificates for EuroMarket trading platform in the 2<br />

nd<br />

half<br />

of <strong>2020</strong>.<br />

NEW – ONLINE<br />

Exchange Trader<br />

Training Course<br />

Exchange Trader Training Course offers professional<br />

training and examination for traders wishing to trade on<br />

<strong>BSP</strong> <strong>SouthPool</strong> Markets. Skills supplementation can also be<br />

attended by those who wish to obtain new knowledge in<br />

electricity trading.<br />

Feel free to contact us to arrange a suitable date for you.<br />

The newsletter is published<br />

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

Editor in Chief<br />

Anže Predovnik<br />

Completed in <strong>August</strong> <strong>2020</strong>, No 2/<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 />

3

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