BSP SouthPool News April 2012
The newsletter of the BSP Regional Energy Exchange No. 20
The newsletter of the BSP Regional Energy Exchange No. 20
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n w<br />
T h e n e w s l e t t e r o f t h e B S P R e g i o n a l E n e r g y E x c h a n g e N o 2 2<br />
<strong>BSP</strong> <strong>SouthPool</strong><br />
Monthly traded volume at <strong>BSP</strong> <strong>SouthPool</strong><br />
in March reached new record<br />
Mr. Ferenc Arató (managing director, JAS Budapest Zrt.):<br />
Most of the deals on the Slovenian market are still<br />
concluded bilaterally but <strong>BSP</strong> provides indication for further<br />
deals although it can be considered only on short term market<br />
Monthly traded volume at<br />
<strong>BSP</strong> <strong>SouthPool</strong> in March<br />
reached new record<br />
March <strong>2012</strong> confirmed the trend of growing<br />
highest monthly trading volume at <strong>BSP</strong> <strong>SouthPool</strong><br />
In March <strong>2012</strong> <strong>BSP</strong> <strong>SouthPool</strong> reached a new highest level of hourly<br />
and monthly traded volume. Total volume was 436.035,672MWh,<br />
which represented 41,5% of Slovenian market consumption.<br />
Average price for Base reached 51,18 Eur/MWh and for Euro-peak<br />
58,14 Eur/MWh.<br />
Maximum daily volume in March <strong>2012</strong> reached 15.764MWh on<br />
27.03.<strong>2012</strong>, average daily volume in this month reached<br />
14.065,672MWh.<br />
600<br />
Volume of entered orders and total trading volume in the Slovenian market<br />
from October 2011 to March <strong>2012</strong><br />
Maximum hourly volume in March reached 752MWh on 20. 03.<br />
th<br />
<strong>2012</strong> for the 8 hour, average hourly volume reached 586,858MWh,<br />
which represent new record.<br />
Volume (GWh)<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
October 2011 November 2011December 2011<br />
January <strong>2012</strong><br />
February <strong>2012</strong><br />
Trading Volume Buy Orders Sell Orders<br />
March <strong>2012</strong><br />
No transactions were submitted for clearing (OTC) in March <strong>2012</strong>.<br />
In the March <strong>2012</strong> the total amount of offered daily capacity in the<br />
direction from Slovenia to Italy was 401.008MWh. Through the<br />
implicit allocation at <strong>BSP</strong> <strong>SouthPool</strong> 390.600,672MWh of offered<br />
capacities were allocated, representing 97,4% utilization of daily<br />
available transmission capacity. In the direction from Italy to<br />
Slovenia the total amount of offered daily capacity was<br />
133.770MWh. None of the offered capacity in IT-SI direction was<br />
allocated in March.<br />
Slovenian Market Auction Prices and Volumes<br />
Delivery Day : 01. 03. <strong>2012</strong> - 31. 03. <strong>2012</strong><br />
Correlation between offered and allocated quantity of daily capacatiy on SI- IT border<br />
and difference between Base price on SI and IT market in March <strong>2012</strong><br />
100,00<br />
18.000<br />
100,00<br />
16.000<br />
90,00<br />
16.000<br />
90,00<br />
14.000<br />
Price (€ /Mwh)<br />
80,00<br />
70,00<br />
60,00<br />
50,00<br />
40,00<br />
30,00<br />
20,00<br />
14.000<br />
12.000<br />
10.000<br />
8.000<br />
6.000<br />
4.000<br />
Price (€/MWh)<br />
80,00<br />
70,00<br />
60,00<br />
50,00<br />
40,00<br />
30,00<br />
20,00<br />
12.000<br />
10.000<br />
8.000<br />
6.000<br />
4.000<br />
10,00<br />
2.000<br />
10,00<br />
2.000<br />
0,00<br />
0<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 0,00<br />
0<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31<br />
Transactions Volume BASE Price EURO-PEAK Price<br />
ELES > Terna Allocated Quantity ELSE>Terna Offered Capacatiy SLO price IT Nord price<br />
1
<strong>BSP</strong><br />
n<br />
<strong>SouthPool</strong><br />
w<br />
Mr. Ferenc Arató<br />
(managing director,<br />
JAS Budapest Zrt.):<br />
Most of the deals on<br />
the Slovenian market<br />
are still concluded<br />
bilaterally but <strong>BSP</strong><br />
provides indication for<br />
further deals although<br />
it can be considered<br />
only on short term<br />
market.<br />
How long have you been present on power markets<br />
in SEE? How is JAS positioned in the electricity<br />
markets of the SEE region?<br />
The JAS Company Group has a close to ten years<br />
experience in the electricity market in Europe. JAS<br />
Budapest Zrt. was established in 1992 in Hungary of 100%<br />
Hungarian ownership and started the electricity trading<br />
when the liberalisation of the Hungarian electricity<br />
market allowed this kind of trading. In the coming years<br />
JAS has developed its wholesale trading network in the<br />
neighbouring countries. We are actively trading in<br />
Slovenia, Germany, the Czech Republic, the Slovak<br />
Republic, Hungary, Romania and Serbia. In order to<br />
develop our international wholesale activities JAS Energy<br />
Trading s.r.o. was established in 2010.<br />
You became a member of <strong>BSP</strong> <strong>SouthPool</strong> at the end<br />
of last year. Why did you decide to make this step?<br />
Were your initial expectations met?<br />
JAS decided to take part in the <strong>BSP</strong> power exchange after<br />
the 1st 9 month of <strong>BSP</strong>'s operation. We do find <strong>BSP</strong> as an<br />
adequate platform of trading activity boosting<br />
transparency of the market. Most of the deals are still<br />
concluded bilaterally but <strong>BSP</strong> provides indication for<br />
further deals although it can be considered only on short<br />
term market.<br />
What would be your suggestions regarding future<br />
development of Slovenian electricity market in<br />
terms of i.e. additional market segments (intraday<br />
market, derivatives market), products, regional<br />
cooperation, set up of direct interconnection line<br />
between Hungary and Slovenia etc. from the<br />
member point of view?<br />
Compared to the Hungarian power exchange we do<br />
believe that further developments would be welcome by<br />
traders. Not only spot trading for hours than trading for<br />
future products. This kind of development would also<br />
ensure the transparency of the Slovenian electricity<br />
market and motivate traders for more intensive activity<br />
on the market.<br />
As JAS is also present in Serbia, we appreciate <strong>BSP</strong> efforts<br />
to start the hourly auction trading inside Serbia. Although<br />
there is lack of liquidity of the Serbian trading we hope it<br />
will achieve the same quantity as in Slovenia.<br />
2
<strong>BSP</strong><br />
n<br />
<strong>SouthPool</strong><br />
w<br />
The Serbian electricity<br />
Day-ahead market<br />
In March <strong>2012</strong> <strong>BSP</strong> <strong>SouthPool</strong> started with provision<br />
of clearing services for its participants licensed to<br />
trade with electricity in Serbia.<br />
Total volume provided into <strong>BSP</strong> clearing in the<br />
period from 01.03.<strong>2012</strong> to 13.04.2011 was 33 MWh.<br />
Market participants incentive at this stage was to<br />
test scheduling and clearing procedures embedded<br />
on designated market. From the time being 8<br />
companies were able to use <strong>BSP</strong> clearing facilities<br />
developed for Serbian market (Alpiq energija RS,<br />
Danske Commodities Serbia, Statkraft Markets,<br />
GEN-I, HSE Balkan Energy, E.ON energy trading<br />
Serbia, PLC Interenergo and Rudnap group). Few<br />
weeks later Ezpada and EVN Trading South East<br />
Europe EAD joined them. In the first two weeks of<br />
<strong>April</strong> two more companies are expected to take part<br />
in the provided service.<br />
Training Course<br />
nd<br />
On the 22 of March <strong>BSP</strong> organized Exchange trader training<br />
course. Two participants from Slovenian trading company<br />
GEN-I attended on the training. Participants got knowledge<br />
about <strong>BSP</strong> power exchange rules, clearing and trading<br />
platform.<br />
st<br />
Next Exchange trader training course will take place of 31 of<br />
May <strong>2012</strong>. All information about training are available on our<br />
web page.<br />
The newsletter is published<br />
by <strong>BSP</strong> Regional Energy Exchange LLC.<br />
Editor in Chief<br />
Gorazd Ažman<br />
Completed in <strong>April</strong> <strong>2012</strong>, No 22/<strong>2012</strong><br />
Address: <strong>BSP</strong> Regional 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 />
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