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BSP SouthPool News February 2014

The newsletter of the BSP Regional Energy Exchange No. 1

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BSP SouthPool

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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 xc h a n g e N o 1 / 2 0 1 4

BSP's clearing operations

BSP in 2013

New Members of BSP SouthPool

are Energija Naturalis and GDF

Suez Energia Holding Hungary Zrt.

Trading report for BSP Day-ahead market for January 2013

In January 2014 the Day–ahead trading volume at BSP

SouthPool reached 557.679,574 MWh. The average monthly

price for Base product was 43,08 Eur/MWh and for Euro-peak

product 53,16 Eur/MWh. The total traded volume at BSP

SouthPool in January represented 52,3% of Slovenian market

consumption.

The maximum daily volume in January 2014 reached 22.283

MWh on 15.01.2014, the average daily volume in this period

reached 17.989,664 MWh. The maximum hourly volume in

st

January 2014 reached 1.101 MWh on 08.01.2014 for the 21

hour, the average hourly volume reached 749,569 MWh.

In January 2014 the total amount of offered daily capacity in the

direction from Slovenia to Italy was 394.458 MWh. Through

implicit allocation at BSP SouthPool, 382.449,245 MWh of

offered capacities were allocated, representing a 96,96%

utilization of daily available transmission capacity. In the

direction from Italy to Slovenia the total amount of offered daily

capacity was 495.620 MWh and 372 MWh were allocated.

Trading report for BSP Intraday market

for January 2014

In the January 2014 the total trading volume reached 4.194

MWh. In the same period a total volume of 3.160 MWh was

concluded with block products, 914 MWh with hourly products

and 120 MWh with 15 minute products.

No transactions were submitted for clearing (OTC) in January

2014.

Volume (MWh)

Price (EUR/MWh)

25.000

20.000

15.000

10.000

5.000

0

80,00

70,00

60,00

50,00

40,00

30,00

20,00

10,00

0,00

Slovenian Market Auction Prices and Volumes

Delivery Day: 01. 01. 2014 - 31. 01. 2014

0

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31

Transactions Volume BASE Price EURO-PEAK Price

Correlation between offered and allocated quantity of daily

capacatiy on SI- IT border and difference between Base price

on SI and IT market in Januar 2014

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

ELES > Terna Allocated Quantity ELES > Terna Non - Allocated Quantity SLO price IT Nord price

80

70

60

50

40

30

20

10

Price (EUR/MWh)

18.000

16.000

14.000

12.000

10.000

8.000

6.000

4.000

2.000

Volume (MWh)

1


BSP's clearing operations

BSP acts as Clearing Counter Party for financial settlement and

clearing, as all members of BSP Regional Energy Exchange LL C

are also members of the BSP clearing system. Financial

settlement is executed for the Slovenian market by BSP for Dayahead

market two (D+2) business days and for Intraday market

in five (D+5) business days. In addition to the financial

settlement for the above mentioned market segments, clearing

members are able to conclude direct (OTC) deals on trading

platform and clear over the BSP clearing system. Following the

market coupling activities, the BSP acts as Clearing Counter

Party (CCP) between Slovenia and Italy, where financial

settlement is concluded with Italian CCP, the Italian energy

Exchange GME. Due to the nature of the market coupling

m e c h a n i s m , i n a d d i t i o n t o e n e r g y f i n a n c i a l

BSP in 2013

Trading report: 30% growth of yearly

volume on Day-ahead market segment

In the year 2013 the total traded volume at BSP SouthPool on the

Day-ahead market reached 5.754.885,079 MWh and on the

Intraday market 83.985 MWh, which represent 47,5% of yearly

Slovenian market consumption. The increase is largely a

consequence of Market Coupling on the Slovenian-Italian

border; more than 95% of daily available transfer capacities on

this border were allocated. In the previous year 8 additional

companies joined BSP and the total number of members

increased to 46.

7.000

Traded volume and its share of Slovenian consumption

50

Volume (MWh)

Cash flow (M€)

transactions with export or import, BSP also allocates crossborder

capacities, which means that BSP clears energy and

congestion rent between Slovenia and Italy.

300

250

200

150

20.000

18.000

16.000

14.000

12.000

10.000

8.000

6.000

4.000

2.000

0

100

50

0

January

2013

February

2013

2011

90,45

March

2013

BSP cash flow

2012

238,92

Cash flow

Slovenian Intraday Market Volumes

April

2013

May

2013

June

2013

July

2013

August

2013

2013

Block Volume Hourly Volume Fifteen minute Volume

Total Volume: 83.985 MWh

Block Volume: 65.934 MWh

Hourly Volume: 16.012 MWh

Fifteen minute Volume: 2.039 MWh

September

2013

254,29

October

2013

November

2013

December

2013

Volume (GWh)

1200

1000

800

600

400

200

Volume (GWh)

0

6.000

5.000

4.000

3.000

2.000

1.000

0

January

2013

2010 2011 2012 2013

Volume

Share of Slovenian consumption

Day-aheatotal trading volume in the Slovenian trading - volume of entered orders and

market

February

2013 March 2013 April 2013 May 2013 June 2013 July 2013 August

2013 September

2013

Trading Volume Buy Orders Sell Orders

October

2013 November

2013 December

2013

45

40

35

30

25

20

15

10

5

0

Share of Slovenian consumption (%)

BSP Traders Party took place at

News Cafe in Portorož

At the end of May 2013 BSP organized a Traders Party in

Portorož, on the Slovenian coast. In the backdrop of events

guests had the chance to talk in an informal setting and get to

know each other on a more personal level.

Training courses and workshops

organized by BSP SouthPool in 2013

In the year 2013 BSP organized 4 workshops. The Exchange

trader training course was organized for participants from ELES,

E3, Virtuse energija, Borzen and also for individual participants.

On these courses participants obtain knowledge about auctions

and continuous trading, supply and demand modelling and

information on usage trading platforms (Euro market and

ComTrader). Participants also get a licence to trade at BSP

SouthPool. The training course “Trading with electricity” which

focused on basic information about trading with electricity was

organized for 27 students at Faculty of electrical engineering in

Ljubljana.

2


BSP

n

SouthPool

w

New Members of

BSP SouthPool are

Energija Naturalis

and GDF Suez

Energia Holding

th

Energija Naturalis became 47 and GDF Suez

th

Energia Holding 48 company group that entered

into membership at BSP SouthPool.

rd

Company Energija Naturalis will henceforth as 43

th

and GDF Suez Energia Holding as 44 member

actively participate on the Slovenian electricity

Day-ahead and Intraday markets

BSP regional energy exchange members are: Alpiq

Energy, Axpo Trading, Borzen, Compagnie

Nationale du Rhône, Dans Energy, Danske

Commodities, Dufenergy Trading, Edelweiss, EDF

Trading, Electrade, Elektro Slovenija, Edison

Trading, Elektro Energija Celje, Elektro Energija,

Energija Plus, E3, Elektro prodaja E.U., Enel Trading,

Energi Danmark, Energija Naturalis, Energy

Financing Team, ENOI Power, Europe Energy, EVN

Trading South East Europe, Ezpada, Gala, Gazprom

Marketing & Trading, GEN-I, GDF Suez Energia

Holding Hungary, HEP Trgovina, Holding

Slovenske elektrarne, Interenergo, JAS Energy

Trading, MVM Partner, Neas Energy, Petrol

energetika, Petrol, Repower Trading, RD CZ

Energy, Statkraft Markets, TEI Deutschland,

Energetika Ljubljana, Tradition Financial Services

(TFS), Vattenfall Energy Trading, Verbund, Virtuse

energija and Vitol Gas & Power.

Training courses and

workshops in 2014

In 2014 BSP SouthPool offers Training courses and

Workshops for traders and other professionals

who would like to obtain new knowledge. We

have prepared, in the following section, outlines

of the topics presented at the workshops, but we

remain flexible to suit applicants' further inquiries.

Some of the most interesting workshops are:

Exchange Trader Training Course – focusing on

Day-ahead and intraday Markets, Trading Rules

and Auction Trading.

Trainings courses will take place on the:

rd

3 April 2014

th

5 June 2014

th

4 September 2014

th

4 December 2014

SEE (South-Eastern European) Wholesale

Electricity Markets Workshop– at this workshop

participants get further insight into SEE Electricity

markets, energy flows in the SEE region,

establishment of balance responsibilities,

scheduling systems in SEE countries, etc.

Tailor-made Workshop for Companies – this

workshop is prepared for companies outside of

the electricity industry, which would like to learn

about trading, market structure, electricity prices

and the ways in which electricity contracts are

concluded.

All information about Training Courses and

Workshop is available on our web page

www.bsp-southpool.com.

The newsletter is published

by BSP Regional Energy Exchange LLC.

Editor in Chief

Anže Predovnik

Completed in February 2014, No 1/2014

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

Copyright © 2008 - 2014BSP d.o.o.

All rights reserved

BSP Regional Energy Exchange

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