BSP SouthPool News March 2017

BSP SouthPool

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The newsletter of the BSP Regional Energy Exchange No 1/2017

BSP 2016 Market Results 21st July 2016 – Market Coupling SI-AT EU Pilot Project – Intraday Implicit Auctions on SI-IT border Intraday trading volume grew by 134% in 2016

BSP 2016 Market Results

800.000 700.000

50

500.000

30

400.000 300.000

20

Volume (MWh)

600.000 40 Price (€/MWh)

Trading report for the year 2016

Slovenian Day Ahead Prices and Volumes in the year 2016

60

200.000 10

Total traded volume in the year 2016 exceeded 7 TWh, whereas the volume on Day ahead reached 6.577 GWh and on Intraday 492,022 GWh. This represents a 8,2% yearly increase for Day-ahead, stunning 134% increase for Intraday and above 12% increase in total traded volume.

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100.000

January February March

April

May

June

volume (MWh)

July

Base

Avgust September October November December

0

Peak

Slovenian Continuous Intraday Market Volumes in the year 2016 60.000

Total Traded volume in the year 2016

50.000 Volume (MWh)

8.000

Volume (GWh)

7.000 6.000 5.000

40.000 30.000 20.000

4.000 3.000

10.000

2.000

0

1.000 0

January February March

April

Block Volume

2011

2012

2013

Day-Ahead volume

2014 Intraday volume

2015 MI volume

2016

Total Volume: 272.015 MWh Hourly Volume: 122.240 MWh

May

June

July

Hourly Volume

Avgust September October November December

Fifteen minute Volume

Block Volume: 138.441 MWh Fifteen minute Volume: 11.334 MWh

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BSP SouthPool

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Slovenian Auction Intraday Market Volumes in the year 2016 50.000 45.000

Positive start in 2017

Volume (MWh)

40.000

In the first two months of 2017 BSP noticed an increased trading activity, especially on Intraday trading segment with almost 160 GWh traded. In comparison to the whole trading volume on BSP for the same period, that reached 1,33 TWh, Intraday segment currently represents 12% of the trading volume.

35.000 30.000 25.000 20.000 15.000 10.000 5.000 0

June

July

Avgust

September

MI2 Trading Volume

October

November

December

MI5 Trading Volume

(Note: Intraday Implicit Auctions MI2 and MI6 were opened for trading in June 2016).

BSP in 2016 BSP now coupled on Austrian & Italian borders In 2016 we witnessed a finalization of Market Coupling on our northern and western borders. This project has brought some fresh liquidity and also price stability to the market.

Consequently the trading volume reached more then 7 TWh, with record volumes on daily, weekly and monthly levels.

21. 7. 2016

Bilateral project of Intraday Market Coupling on the Slovenian-Italian border The project was successfully completed on the 21st of June 2016, when we started the project with the operational implementation. As a pilot project on an European scale, this project serves as a model project for the allocation of Intraday cross-border transmission capacity at European borders with positive results.

Cross Border IntraDay Market Coupling - XBID In the segment of Intraday trading, after the model of Price Coupling of Regions, a project of Cross-Border Intraday Market Coupling (Cross Border Intraday - XBID) came to life.

The founding members of the XBID project (exchanges APX, Belpex, EPEX, NPS and OMIE and 16 System Operators), joined the rest of the European Designated Operators joining electricity markets (NEMO) and System Operators in February 2016.

XBID Timeline

1. 1. 2011

21. 6. 2016

Intraday MC Day-ahead MC

Intraday trading on BSP In June 2016, BSP in the cooperation with Deutsche Boerse, managed to upgrade the Intraday continuous trading application M7 to a new version. The upgrade has improved access to the trading application for market participants and its consistency with the versions that are in use in the neighboring markets. These improvements also contribute to growth in the volume of trading in this segment.

Compared with 2015, the trading volume on the Intraday and Balancing market in 2016 increased by 134 percent.

Auction for the purchase of energy to cover losses on the transmission system in the years 2017, 2018 and 2019 In November 2016, System Operator ELES in cooperation with BSP, organized an auction for the purchase of energy to cover losses in the transmission network in 2017, 2018 and 2019. The auction was held between 8 am and 10 am on the Euromarket trading application, which provides automated trading system for all participants and providing market participants functionalities that are also used for Day-ahead trading. At the auction there were following marginal prices achieved: for delivery in 2017 38,39 €/MWh, for delivery in 2018 36,73 €/MWh and for delivery in 2019 36,73 €/MWh.

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BSP SouthPool

n w Training courses and workshops In 2017 BSP SouthPool offers Training courses a n d Wo r k s h o p s f o r t r a d e r s a n d o t h e r 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

New members on BSP: Members from 14 different countries now trade on BSP. EPS - Serbia

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focusing on Day-Ahead and Intraday Markets, Trading Rules and Auction Trading.

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.

JWM Energia - Poland

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 March 2017, No 1/2017 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 - 2017 – BSP d.o.o.

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