BSP SouthPool News October 2014
The newsletter of the BSP Regional Energy Exchange No. 4
The newsletter of the BSP Regional Energy Exchange No. 4
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<strong>BSP</strong> <strong>SouthPool</strong><br />
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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 4 / 2 0 1 4<br />
<strong>BSP</strong> <strong>SouthPool</strong> Market Results<br />
Paolo Carabelli<br />
(Power Trading Manager at Electrade):<br />
Slovenian Market is a very important link<br />
between Eastern and Western Europe.<br />
New Member of <strong>BSP</strong> <strong>SouthPool</strong> is<br />
Ekologicke Zdroje Energie s.r.o.<br />
<strong>BSP</strong> <strong>SouthPool</strong> market Results<br />
Trading report July - September <strong>2014</strong><br />
In July, August and September the total volume of<br />
concluded transactions amounted to 1.427.920<br />
MWh, whereas the volume of entered orders in the<br />
aforementioned period was 5.005.175 MWh.<br />
Total volume in July reached 476.106,479 MWh,<br />
which represents 48,7 percent of Slovenian market<br />
consumption, in August 459.153,226 MWh, 50<br />
percent of Slovenian market consumption and in<br />
September 492.660,640 MWh, which represents 50,4<br />
percent of Slovenian market consumption The<br />
st<br />
maximum daily volume in the period from 1 July to<br />
th<br />
30 September reached 19.244 MWh and took place<br />
th<br />
on 15 July. The maximum hourly volume, an amount<br />
th<br />
of 1.101 MWh, was realised on the delivery day of 13<br />
th<br />
August for the 12 hour.<br />
Price (EUR/MWh)<br />
100,00<br />
90,00<br />
80,00<br />
70,00<br />
60,00<br />
50,00<br />
40,00<br />
30,00<br />
20,00<br />
10,00<br />
0,00<br />
Correlation between offered and allocated quantity of<br />
daily capacatiy on SI - IT border and difference between<br />
Base price on SI and IT market in September <strong>2014</strong><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<br />
ELES > Terna Allocated Quantity ELES > Terna Non - Allocated Quantity SLO price IT Nord price<br />
16.000<br />
14.000<br />
12.000<br />
10.000<br />
8.000<br />
6.000<br />
4.000<br />
2.000<br />
Volume (MWh)<br />
Price (EUR/MWh)<br />
80,00<br />
70,00<br />
60,00<br />
50,00<br />
40,00<br />
30,00<br />
20,00<br />
10,00<br />
0,00<br />
Slovenian Market Auction Prices and Volumes<br />
Delivery Day: 01. 09. <strong>2014</strong> - 30. 09. <strong>2014</strong><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<br />
Transactions Volume BASE Price EURO-PEAK Price<br />
20.000<br />
18.000<br />
16.000<br />
14.000<br />
12.000<br />
10.000<br />
8.000<br />
6.000<br />
4.000<br />
2.000<br />
Volume (MWh)<br />
Volume (GWh)<br />
1.200<br />
1.000<br />
800<br />
600<br />
400<br />
200<br />
Day-aheatotal trading volume in the Slovenian trading - volume of entered orders and<br />
market<br />
0<br />
<strong>October</strong><br />
2013 November<br />
2013 December<br />
2013<br />
January<br />
<strong>2014</strong> February<br />
<strong>2014</strong> March April<br />
<strong>2014</strong> May<br />
<strong>2014</strong> <strong>2014</strong><br />
June<br />
<strong>2014</strong><br />
Trading Volume Buy Orders Sell Orders<br />
July<br />
<strong>2014</strong><br />
August<br />
<strong>2014</strong> September<br />
<strong>2014</strong><br />
1
<strong>BSP</strong><br />
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<strong>SouthPool</strong><br />
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Trading report for <strong>BSP</strong> Intraday market from July – September <strong>2014</strong><br />
In July, August and September<br />
<strong>2014</strong> the total trading volume<br />
reached 42.971,5 MWh. In the<br />
same period a total volume of<br />
29.951 MWh was concluded<br />
with block products, 11.757<br />
MWh with hourly products<br />
and 1.263,5 MWh with 15<br />
minute products.<br />
Volume (MWh)<br />
25.000<br />
20.000<br />
15.000<br />
10.000<br />
Slovenian Intraday Market Volumes<br />
Delivery Day: 01. 01. <strong>2014</strong> - 30. 09. <strong>2014</strong><br />
In July, August and September<br />
<strong>2014</strong> a total volume of 600<br />
MWh was submitted for<br />
clearing (OTC).<br />
5.000<br />
0<br />
January <strong>2014</strong> February <strong>2014</strong> March <strong>2014</strong> April <strong>2014</strong> May <strong>2014</strong> June <strong>2014</strong> July <strong>2014</strong> August <strong>2014</strong> September <strong>2014</strong><br />
Block Volume Hourly Volume Fifteen minute Volume<br />
Total Volume: 91.752 MWh Block Volume: 68.127 MWh Hourly Volume: 21.354 MWh Fifteen minute Volume: 2.271 MWh<br />
<strong>BSP</strong><br />
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<strong>SouthPool</strong><br />
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Paolo Carabelli<br />
(Power Trading Manager at Electrade):<br />
Slovenian Market is a very<br />
important link between<br />
Eastern and Western Europe.<br />
Electrade became a member of <strong>BSP</strong> <strong>SouthPool</strong> as early as<br />
during its set up phase. What are the benefits and<br />
opportunities of your being a member and actively<br />
participating at <strong>BSP</strong>?<br />
Electrade became member of <strong>BSP</strong> in December 2009. Bsp<br />
<strong>SouthPool</strong> was a great opportunity for us to be directly<br />
present in the Slovenian Market, which is a very important<br />
link between Eastern and Western Europe. In recent years the<br />
<strong>BSP</strong> rise in both numbers of members and volumes has been<br />
very significant.<br />
You have been elected as president of <strong>BSP</strong> <strong>SouthPool</strong><br />
Members Chamber. What are your expectations for<br />
developments in the Slovenian power exchange for the<br />
future?<br />
It's a great honour for me to be elected as president of <strong>BSP</strong> South<br />
Pool Members Chamber. My expectation is that the liquidity of<br />
intraday markets will increase over the years and I would hope<br />
that this will create HUBs in the countries close to Slovenia such<br />
as Croatia and Serbia.<br />
What are your expectations regarding Europe day-ahead<br />
market integration?<br />
The integration of European electricity markets can bring about<br />
major efficiency gains in welfare terms to both European<br />
consumers and industries alike. I think that we are in a good<br />
position, in about 2-3 years we should see market integration all<br />
through Europe.<br />
Renewables is actual topic in European electricity<br />
market. How do you see the future trading regarding<br />
variable production from renewables?<br />
Yes, Renewables is a very important topic in European electricity<br />
market. Renewable production is essential in terms of efficiency<br />
and lower system costs, I think that in the future the right mix<br />
between the thermal power plant and the renewables should<br />
be found, in order to ensure during critical conditions (high<br />
demand or low demand) and the security of the electrical<br />
system overall.<br />
2
<strong>BSP</strong><br />
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<strong>SouthPool</strong><br />
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Training Course<br />
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On the 4 of September <strong>BSP</strong> organized the<br />
Exchange Trader Training Course. Four<br />
participants from Borzen were attending the<br />
course. During the course participants were<br />
addressed with information on the <strong>BSP</strong><br />
power exchange rules, clearing and trading<br />
platform.<br />
Ekologicke Zdroje<br />
Energie s.r.o. is a new<br />
member of <strong>BSP</strong> <strong>SouthPool</strong><br />
<strong>BSP</strong> Regional Energy Exchange has 50 members at the moment: Alpiq<br />
Energy, Axpo Trading AG, Borzen, CNR, Dans Energy, Danske<br />
Commodities, DufEnergy Trading, Ekologicke Zdroje Energie,<br />
Edelweiss Energia, EDF Trading, Electrade, Elektro Slovenija, Edison<br />
Trading, Elektro Energija Celje, Elektro Energija, Elektro Maribor<br />
Energija Plus, Energija Naturalis Int., E3, Elektro Prodaja E.U., Enel<br />
Trading, Energi Danmark, Energy Financing Team, ENOI Power, Europe<br />
Energy SpA, EVN Trading South East Europe, Ezpada, GALA, Gazprom<br />
Marketing &Trading, GDF SUEZ Energia Holding Hungary Zrt., Gen-I,<br />
HEP - Trgovina, Holding Slovenske elektrarne, Interenergo, JAS Energy<br />
Trading, JP Elektroprivreda Srbije, MVM Partner ZRt., Petrol d.d., Petrol<br />
energetika, Repower Trading, Rudnap Group, Statkraft Markets, TEI<br />
Deutschland, Termoelektrarna toplarna Ljubljana, Tradition Financial<br />
Services (TFS), UNITRADING ENERGIA SRL, Vattenfall Energy Trading,<br />
Verbund, Virtuse energija and Vitol.<br />
The newsletter is published<br />
by <strong>BSP</strong> Regional Energy Exchange LLC.<br />
Editor in Chief<br />
Anže Predovnik<br />
Completed in <strong>October</strong> <strong>2014</strong>, No 4/<strong>2014</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 />
Copyright © 2008 - <strong>2014</strong> – <strong>BSP</strong> d.o.o.<br />
All rights reserved<br />
<strong>BSP</strong> Regional Energy Exchange<br />
Your energy choice.<br />
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