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BSP SouthPool News April 2014

The newsletter of the BSP Regional Energy Exchange No. 2

The newsletter of the BSP Regional Energy Exchange No. 2

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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 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

th

reached 22.689 MWh and took place on 9 February. The

maximum hourly volume, an amount of 1.236 MWh, was

th

th

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

1


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

n

SouthPool

w

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.

2


BSP

n

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

Copyright © 2008 - 2014BSP d.o.o.

All rights reserved

BSP Regional Energy Exchange

Your energy choice.

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