BSP SouthPool News April 2014

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 2 / 2 0 1 4
BSP SouthPool Market Results
Bo Palmgren
(Head of Intraday Trading at Danske Commodities):
The Slovenian market is an important hub for linking
Eastern Europe with Central and Western Europe both
in day-ahead and intraday markets
BSP SouthPool market Results
Trading report February and March 2014
In February and March the total volume of concluded
transactions amounted to 1.129.870 MWh, whereas the
volume of entered orders in the aforementioned period was
3.390.896 MWh.
70,00
60,00
Slovenian Market Auction Prices and Volumes
Delivery Day: 01. 03. 2014 - 31. 03. 2014
25.000
20.000
Total volume in February reached 576.719,865 MWh, which
represents 60,2 percent of Slovenian market consumption
and in March 553.151,100 MWh, which represents 55,4
percent of Slovenian market consumption The maximum
st
st
daily volume in the period from 1 February to 31 March
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reached 22.689 MWh and took place on 9 February. The
maximum hourly volume, an amount of 1.236 MWh, was
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realised on the delivery day of 12 February for the 11 hour.
Price (EUR/MWh)
50,00
40,00
30,00
20,00
10,00
15.000
10.000
5.000
Volume (MWh)
Price (EUR/MWh)
70,00
60,00
50,00
40,00
30,00
20,00
10,00
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 2014
16.000
14.000
12.000
10.000
8.000
6.000
4.000
2.000
Volume (MWh)
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
Volume (GWh)
1200
1000
800
600
400
200
0
April 2013 May 2013 June 2013 July 2013
Transactions Volume BASE Price EURO-PEAK Price
Day-aheatotal trading volume in the Slovenian trading - volume of entered orders and
market
August
2013 September
2013
October
2013 November
2013 December
2013
January
2014 February
2014 March 2014
0,00
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
Trading Volume Buy Orders Sell Orders
ELES > Terna Allocated Quantity ELES > Terna Non - Allocated Quantity SLO price IT Nord price
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Trading report for BSP Intraday market for February– March 2014
Volume (MWh)
14.000
12.000
10.000
8.000
6.000
4.000
2.000
0
Slovenian Intraday Market Volumes
October 2013 November 2013 December 2013 January 2014 February 2014 March 2014
Block Volume Hourly Volume Fifteen minute Volume
In February and March 2014
the total trading volume
reached 18.816 MWh. In the
same period a total volume of
14.092 MWh was concluded
with block products, 4.264
MWh with hourly products
and 460 MWh with 15 minute
products.
In February and March 2014 a
total volume of 600 MWh was
submitted for clearing (OTC).
Total Volume: 35.992 MWh Block Volume: 26.765 MWh Hourly Volume: 8.122 MWh Fifteen minute Volume: 1.105 MWh
BSP
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SouthPool
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Bo Palmgren
(Head of Intraday Trading at Danske Commodities):
The Slovenian market is
an important hub for
linking Eastern Europe
with Central and
Western Europe both in
day-ahead and intraday
markets.
Danske Commodities became a member of BSP
SouthPool at the end of 2008. How important is the
Slovenian market for you, and where do you see
possibilities for further development?
The Slovenian market is an important hub for linking Eastern
Europe with Central and Western Europe both in day-ahead
and intraday markets. The intraday market in Slovenia is still
developing, and we see opportunities for local producers
and large consumers to provide it with more liquidity.
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BSP
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SouthPool
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Production from renewables is increasing. Do you
think that with integration of markets liquidity from
day-ahead will move on to the Intraday-trading
segment?
Yes. The growth in installed renewables capacity in Europe is
driving ongoing price volatility. For example, the number of
hours with negative prices in Germany on the EPEX Spot is
increasing from 12 hours in 2010 to 64 hours in 2013. To
remain competitive, traditional producers can no longer
operate solely on the basis of day-ahead planning. They also
need to respond to price-changing factors shortly before
delivery during the course of the day. As a result, there is
increasing demand to access the intraday markets so they
can manage that volatility. To support this, Europe needs a
liquid and efficient intraday market.
The largest European energy giants, such as RWE, are
facing many problems. Is this in any way affecting
trading in the European region? Can it also be an
opportunity for traders such as you?
In the past, the energy markets used to focus on ownership
of assets and long-term energy trading. Today, the most
important asset is knowledge of volatile markets, and most
energy is traded short-term. This is our core expertise. So, our
asset-light position, our core expertise in short-term energy
markets, and our fast and agile business approach all
position us well to help our customers optimise their energy
assets.
To read the full interview with Mr. Bo Palmgren please visit
the web page: www.energetika.net/see.
Training Course
On the 3
rd
of April BSP organized the Exchange Trader Training Course.
Three participants were attending the course - one from Elektro Celje
Energija and two individual participants. During the course participants
were addressed with information on the BSP power exchange rules,
clearing and trading platform.
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The next Exchange trader training course will take place on the 5 of June
2014. All details about the training are available on our web page.
The newsletter is published
by BSP Regional Energy Exchange LLC.
Editor in Chief
Anže Predovnik
Completed in February 2014, No 2/2014
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
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