BSP SouthPool News April 2012

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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 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
BSP SouthPool
Monthly traded volume at BSP SouthPool
in March reached new record
Mr. Ferenc Arató (managing director, JAS Budapest Zrt.):
Most of the deals on the Slovenian market are still
concluded bilaterally but BSP provides indication for further
deals although it can be considered only on short term market
Monthly traded volume at
BSP SouthPool in March
reached new record
March 2012 confirmed the trend of growing
highest monthly trading volume at BSP SouthPool
In March 2012 BSP SouthPool reached a new highest level of hourly
and monthly traded volume. Total volume was 436.035,672MWh,
which represented 41,5% of Slovenian market consumption.
Average price for Base reached 51,18 Eur/MWh and for Euro-peak
58,14 Eur/MWh.
Maximum daily volume in March 2012 reached 15.764MWh on
27.03.2012, average daily volume in this month reached
14.065,672MWh.
600
Volume of entered orders and total trading volume in the Slovenian market
from October 2011 to March 2012
Maximum hourly volume in March reached 752MWh on 20. 03.
th
2012 for the 8 hour, average hourly volume reached 586,858MWh,
which represent new record.
Volume (GWh)
500
400
300
200
100
0
October 2011 November 2011December 2011
January 2012
February 2012
Trading Volume Buy Orders Sell Orders
March 2012
No transactions were submitted for clearing (OTC) in March 2012.
In the March 2012 the total amount of offered daily capacity in the
direction from Slovenia to Italy was 401.008MWh. Through the
implicit allocation at BSP SouthPool 390.600,672MWh of offered
capacities were allocated, representing 97,4% utilization of daily
available transmission capacity. In the direction from Italy to
Slovenia the total amount of offered daily capacity was
133.770MWh. None of the offered capacity in IT-SI direction was
allocated in March.
Slovenian Market Auction Prices and Volumes
Delivery Day : 01. 03. 2012 - 31. 03. 2012
Correlation between offered and allocated quantity of daily capacatiy on SI- IT border
and difference between Base price on SI and IT market in March 2012
100,00
18.000
100,00
16.000
90,00
16.000
90,00
14.000
Price (€ /Mwh)
80,00
70,00
60,00
50,00
40,00
30,00
20,00
14.000
12.000
10.000
8.000
6.000
4.000
Price (€/MWh)
80,00
70,00
60,00
50,00
40,00
30,00
20,00
12.000
10.000
8.000
6.000
4.000
10,00
2.000
10,00
2.000
0,00
0
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
0
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
Transactions Volume BASE Price EURO-PEAK Price
ELES > Terna Allocated Quantity ELSE>Terna Offered Capacatiy SLO price IT Nord price
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BSP
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SouthPool
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Mr. Ferenc Arató
(managing director,
JAS Budapest Zrt.):
Most of the deals on
the Slovenian market
are still concluded
bilaterally but BSP
provides indication for
further deals although
it can be considered
only on short term
market.
How long have you been present on power markets
in SEE? How is JAS positioned in the electricity
markets of the SEE region?
The JAS Company Group has a close to ten years
experience in the electricity market in Europe. JAS
Budapest Zrt. was established in 1992 in Hungary of 100%
Hungarian ownership and started the electricity trading
when the liberalisation of the Hungarian electricity
market allowed this kind of trading. In the coming years
JAS has developed its wholesale trading network in the
neighbouring countries. We are actively trading in
Slovenia, Germany, the Czech Republic, the Slovak
Republic, Hungary, Romania and Serbia. In order to
develop our international wholesale activities JAS Energy
Trading s.r.o. was established in 2010.
You became a member of BSP SouthPool at the end
of last year. Why did you decide to make this step?
Were your initial expectations met?
JAS decided to take part in the BSP power exchange after
the 1st 9 month of BSP's operation. We do find BSP as an
adequate platform of trading activity boosting
transparency of the market. Most of the deals are still
concluded bilaterally but BSP provides indication for
further deals although it can be considered only on short
term market.
What would be your suggestions regarding future
development of Slovenian electricity market in
terms of i.e. additional market segments (intraday
market, derivatives market), products, regional
cooperation, set up of direct interconnection line
between Hungary and Slovenia etc. from the
member point of view?
Compared to the Hungarian power exchange we do
believe that further developments would be welcome by
traders. Not only spot trading for hours than trading for
future products. This kind of development would also
ensure the transparency of the Slovenian electricity
market and motivate traders for more intensive activity
on the market.
As JAS is also present in Serbia, we appreciate BSP efforts
to start the hourly auction trading inside Serbia. Although
there is lack of liquidity of the Serbian trading we hope it
will achieve the same quantity as in Slovenia.
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BSP
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SouthPool
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The Serbian electricity
Day-ahead market
In March 2012 BSP SouthPool started with provision
of clearing services for its participants licensed to
trade with electricity in Serbia.
Total volume provided into BSP clearing in the
period from 01.03.2012 to 13.04.2011 was 33 MWh.
Market participants incentive at this stage was to
test scheduling and clearing procedures embedded
on designated market. From the time being 8
companies were able to use BSP clearing facilities
developed for Serbian market (Alpiq energija RS,
Danske Commodities Serbia, Statkraft Markets,
GEN-I, HSE Balkan Energy, E.ON energy trading
Serbia, PLC Interenergo and Rudnap group). Few
weeks later Ezpada and EVN Trading South East
Europe EAD joined them. In the first two weeks of
April two more companies are expected to take part
in the provided service.
Training Course
nd
On the 22 of March BSP organized Exchange trader training
course. Two participants from Slovenian trading company
GEN-I attended on the training. Participants got knowledge
about BSP power exchange rules, clearing and trading
platform.
st
Next Exchange trader training course will take place of 31 of
May 2012. All information about training are available on our
web page.
The newsletter is published
by BSP Regional Energy Exchange LLC.
Editor in Chief
Gorazd Ažman
Completed in April 2012, No 22/2012
Address: BSP Regional Energy Exchange LLC,
Dunajska 156, SI-1000 Ljubljana, Slovenia
Telephone number: + 386 1 620 76 76
Fax number: + 386 1 620 76 77
Website: www.bsp-southpool.com
E-mail: info@bsp-southpool.com
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