15.03.2021 Views

BSP SouthPool News March 2021

The newsletter of the BSP Energy Exchange for March 2021.

The newsletter of the BSP Energy Exchange for March 2021.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

<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 1 / 2 0 2 1<br />

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

Trading activity on Intraday market significantly increased<br />

Interview: Mr. Primož Stropnik<br />

Head of Trading, Purchasing & Sales at GEN Energija, d.o.o.<br />

Long-term custom-made Auctions performed in 2020<br />

Trading report for<br />

the year 2020<br />

Total traded volume in the year 2020 exceeded 9<br />

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

7.614 Gwh and on Intraday 1.480 GWh.<br />

In the year 2020 the total volume of concluded<br />

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

9.094.645 MWh, which represented 62 % of the<br />

Slovenian market consumption. The maximum<br />

daily volume in the year 2020 reached 37.371<br />

MWh and took place on the 9th January. The<br />

maximum hourly volume, an amount of 1.794<br />

th<br />

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

th<br />

January for the 9 hour.<br />

Price (€/MWh)<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

Slovenian Day-ahead Prices and Volumes<br />

in the year 2020<br />

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

Volume Base Peak<br />

Continuous Intraday Trading report for the year 2020<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 />

200.000<br />

100.000<br />

0<br />

Volume (MWh)<br />

In the year 2020 the total trading volume reached<br />

1.039.961 MWh. In the same period a total volume<br />

of 10.505 MWh was concluded with block<br />

products, 1.022.806 MWh with hourly products<br />

and 6.649 MWh with 15-minute products.<br />

Volume (MWh)<br />

120.000<br />

100.000<br />

80.000<br />

60.000<br />

Slovenian Continuous Intraday Market Volumes in the year 2020<br />

40.000<br />

20.000<br />

0<br />

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

Block Volume Hourly Volume Fifteen minute Volume<br />

1


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

n<br />

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

w<br />

Implicit Auction<br />

Intraday Trading<br />

report for the<br />

year 2020<br />

50.000<br />

45.000<br />

40.000<br />

Slovenian Auction Intraday Market Volumes in the year 2020<br />

35.000<br />

In the year 2020 the total amount of 440.360<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 5.457.079 MWh. Through the<br />

implicit allocation at <strong>BSP</strong>, 194.931 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 3.801.754 MWh<br />

and 183.440 MWh were allocated.<br />

Volume (MWh)<br />

30.000<br />

25.000<br />

20.000<br />

15.000<br />

10.000<br />

5.000<br />

0<br />

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

MI2 Trading Volume Mi6 Trading Volume<br />

Trading activity on Intraday market<br />

significantly increased<br />

<strong>BSP</strong> <strong>SouthPool</strong> has noticed a significant increase in Intraday<br />

continuous market liquidity since joining the SIDC project in<br />

November 2019. Total Intraday trading volume in 2020 with<br />

1,48 TWh traded, marked a significant increase of 185% in<br />

comparison to previous year. Intraday Continuous trading<br />

volume increased even by 775% and stopped at 1,04 TWh.<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 if<br />

transmission capacity is available.<br />

2020 Trading results<br />

Total trading volume<br />

Intraday trading volume<br />

Records<br />

9,1 TWh<br />

1,5 TWh<br />

Intraday Continuous<br />

trading volume 1.040 GWh 775 %<br />

32


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

n<br />

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

w<br />

Interview –<br />

Mr. Primož Stropnik<br />

Head of Trading,<br />

Purchasing & Sales<br />

at GEN Energija, d.o.o.<br />

GEN Group has a quite large portfolio of Energy<br />

production. Please share about your company's<br />

business scope and your presence in the region.<br />

The GEN Group has a geographically wide presence.<br />

Especially in trading, we are one of the most evolving groups.<br />

On the other hand, the production portfolio is smaller, but<br />

due to the reliable operation of production units, especially<br />

the Krško NPP, it is very stable. In the future, we will continue<br />

to invest in carbon-free production sources such as RES and<br />

JEK 2 as the central project of the GEN Group. Through its<br />

subsidiary GEN-I, the GEN Group will start supplying carbonfree<br />

electricity to end customers this year, thus actively<br />

contributing to the transition to a carbon-free company.<br />

How does your presence on the Intraday market via<br />

<strong>BSP</strong> <strong>SouthPool</strong> Energy Exchange help in your trading<br />

activity?<br />

We use trading on Indraday to optimize the production<br />

portfolio and to provide alternative electricity in the event of<br />

unplanned unavailability of production units. Participation in<br />

the Intraday market therefore adds additional opportunities<br />

to optimize our portfolio.<br />

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

(SIDC) project in November 2019, the Slovenian<br />

Intraday market is no longer isolated, but strongly<br />

connected to other European markets, liquidity on the<br />

market has significantly increased. How do you see it<br />

from a perspective of a production facilities safety<br />

measures and also trading flexibility, especially in the<br />

light of a recent strong earthquake that had epicenter<br />

just 100 kilometers from your Nuclear Power Plant?<br />

Even at the last unplanned unavailability of the Krško NPP in<br />

December 2020 due to an earthquake , SIDC was an<br />

important channel in providing alternative electricity.<br />

However, despite the increased flexibility of the Intraday<br />

market, it would be very difficult to balance the whole GEN<br />

balance subgroup without an additional link to GEN-I. At such<br />

events, GEN-I is the one that can provide with larger amounts<br />

of electricity for longer periods within the GEN Group. The<br />

combination of both channels enabled us to further optimize<br />

prices and thus reduce the negative impact on our business.<br />

Which are your company's plans for the near future?<br />

In the near future, we will work on the further development of<br />

our marketing activities, at <strong>BSP</strong> as well. In particular, we are<br />

trying to establish more liquid market for futures electricity<br />

products in Slovenia in various ways.<br />

3


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

n<br />

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

w<br />

Long-term custom-made<br />

Auctions performed in 2020<br />

<strong>BSP</strong> <strong>SouthPool</strong> continued with performing custom-made long-term auctions for partners also in 2020.<br />

We have successfully performed Auctions for the following partners:<br />

SODO (Slovenian DSO) – Auction for the purchase of electricity to cover electricity<br />

losses and supply of distribution network system operator SODO for 2022<br />

Auction price reached = 53,55 €/MWh<br />

Borzen (Slovenian PMO) – Auction for the transfer of the ECO Group for <strong>2021</strong><br />

Auction price reached = 43,86 €/MWh<br />

ELES (Slovenian TSO) – Auctions for the purchase of energy to cover losses on the<br />

transmission system in the years <strong>2021</strong>, 2022, 2023<br />

Marginal price reached for <strong>2021</strong> = 49,75 €/MWh<br />

Marginal price reached for 2022 = 52,08 €/MWh<br />

Marginal price reached for 2023 = 52,60 €/MWh<br />

3rd<br />

time<br />

Settlement of<br />

Imbalances for 2022<br />

Performed<br />

in 2020<br />

6th<br />

time<br />

Grid Losses for the<br />

<strong>2021</strong>, 2022, 2023<br />

2nd<br />

time<br />

Transfer of the ECO<br />

Group Centre <strong>2021</strong><br />

The newsletter is published<br />

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

Editor in Chief<br />

Anže Predovnik<br />

Completed in February <strong>2021</strong>, No 1/<strong>2021</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>2021</strong> – <strong>BSP</strong> LLC<br />

All rights reserved<br />

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

Your energy choice.<br />

4

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!