BSP SouthPool News October 2014

BSP SouthPool

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The newsletter of the BSP Regional Energy Exchange No 4/2014

BSP SouthPool Market Results Paolo Carabelli (Power Trading Manager at Electrade):

Slovenian Market is a very important link between Eastern and Western Europe.

New Member of BSP SouthPool is Ekologicke Zdroje Energie s.r.o.

BSP SouthPool market Results Trading report July - September 2014 In July, August and September the total volume of concluded transactions amounted to 1.427.920 MWh, whereas the volume of entered orders in the aforementioned period was 5.005.175 MWh.

Correlation between offered and allocated quantity of daily capacatiy on SI - IT border and difference between Base price on SI and IT market in September 2014

100,00

16.000

90,00

14.000

80,00 12.000

80,00

Slovenian Market Auction Prices and Volumes Delivery Day: 01. 09. 2014 - 30. 09. 2014

10.000

60,00 50,00

8.000

40,00

6.000

30,00 4.000 20,00 2.000

10,00 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 ELES > Terna Allocated Quantity

16.000

10.000 8.000

30,00

6.000 20,00 4.000 10,00

Volume (GWh)

40,00

800 600 400 200 0 October 2013 November 2013 DecemberJanuary February March 2013 2014 2014 2014 April 2014

2.000 Trading Volume

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 Transactions Volume

BASE Price

EURO-PEAK Price

IT Nord price

1.000 Volume (MWh)

Price (EUR/MWh)

14.000 12.000

SLO price

1.200

60,00 50,00

ELES > Terna Non - Allocated Quantity

Day-ahead trading - volume of entered orders and total trading volume in the Slovenian market

20.000 18.000

70,00

Volume (MWh)

Price (EUR/MWh)

Total volume in July reached 476.106,479 MWh, which represents 48,7 percent of Slovenian market consumption, in August 459.153,226 MWh, 50 percent of Slovenian market consumption and in September 492.660,640 MWh, which represents 50,4 percent of Slovenian market consumption The maximum daily volume in the period from 1st July to 30th September reached 19.244 MWh and took place on 15th July. The maximum hourly volume, an amount of 1.101 MWh, was realised on the delivery day of 13th August for the 12th hour.

70,00

Buy Orders

May 2014

June 2014

Sell Orders

July 2014

August 2014 September 2014

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BSP SouthPool

n w Trading report for BSP Intraday market from July – September 2014

In July, August and September 2014 a total volume of 600 MWh was submitted for clearing (OTC).

Slovenian Intraday Market Volumes Delivery Day: 01. 01. 2014 - 30. 09. 2014 25.000

20.000

Volume (MWh)

In July, August and September 2014 the total trading volume reached 42.971,5 MWh. In the same period a total volume of 29.951 MWh was concluded with block products, 11.757 MWh with hourly products and 1.263,5 MWh with 15 minute products.

15.000

10.000

5.000

0

January 2014

February 2014

March 2014

April 2014

Block Volume

Total Volume: 91.752 MWh

Block Volume: 68.127 MWh

May 2014

Hourly Volume

June 2014

July 2014

August 2014 September 2014

Fifteen minute Volume

Hourly Volume: 21.354 MWh

Fifteen minute Volume: 2.271 MWh

BSP SouthPool

n w Paolo Carabelli (Power Trading Manager at Electrade):

Slovenian Market is a very important link between Eastern and Western Europe.

Electrade became a member of BSP SouthPool as early as during its set up phase. What are the benefits and opportunities of your being a member and actively participating at BSP? Electrade became member of BSP in December 2009. Bsp SouthPool was a great opportunity for us to be directly present in the Slovenian Market, which is a very important link between Eastern and Western Europe. In recent years the BSP rise in both numbers of members and volumes has been very significant.

You have been elected as president of BSP SouthPool Members Chamber. What are your expectations for developments in the Slovenian power exchange for the future?

It's a great honour for me to be elected as president of BSP South Pool Members Chamber. My expectation is that the liquidity of intraday markets will increase over the years and I would hope that this will create HUBs in the countries close to Slovenia such as Croatia and Serbia.

What are your expectations regarding Europe day-ahead market integration?

The integration of European electricity markets can bring about major efficiency gains in welfare terms to both European consumers and industries alike. I think that we are in a good position, in about 2-3 years we should see market integration all through Europe.

Renewables is actual topic in European electricity market. How do you see the future trading regarding variable production from renewables?

Yes, Renewables is a very important topic in European electricity market. Renewable production is essential in terms of efficiency and lower system costs, I think that in the future the right mix between the thermal power plant and the renewables should be found, in order to ensure during critical conditions (high demand or low demand) and the security of the electrical system overall.

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BSP SouthPool

n w Training Course On the 4th of September BSP organized the Exchange Trader Training Course. Four participants from Borzen were attending the course. During the course participants were addressed with information on the BSP power exchange rules, clearing and trading platform.

The newsletter is published

by BSP Regional Energy Exchange LLC. Editor in Chief Anže Predovnik Completed in October 2014, No 4/2014 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 - 2014 – BSP d.o.o.

All rights reserved

Ekologicke Zdroje Energie s.r.o. is a new member of BSP SouthPool BSP Regional Energy Exchange has 50 members at the moment: Alpiq Energy, Axpo Trading AG, Borzen, CNR, Dans Energy, Danske Commodities, DufEnergy Trading, Ekologicke Zdroje Energie, Edelweiss Energia, EDF Trading, Electrade, Elektro Slovenija, Edison Trading, Elektro Energija Celje, Elektro Energija, Elektro Maribor Energija Plus, Energija Naturalis Int., E3, Elektro Prodaja E.U., Enel Trading, Energi Danmark, Energy Financing Team, ENOI Power, Europe Energy SpA, EVN Trading South East Europe, Ezpada, GALA, Gazprom Marketing &Trading, GDF SUEZ Energia Holding Hungary Zrt., Gen-I, HEP - Trgovina, Holding Slovenske elektrarne, Interenergo, JAS Energy Trading, JP Elektroprivreda Srbije, MVM Partner ZRt., Petrol d.d., Petrol energetika, Repower Trading, Rudnap Group, Statkraft Markets, TEI Deutschland, Termoelektrarna toplarna Ljubljana, Tradition Financial Services (TFS), UNITRADING ENERGIA SRL, Vattenfall Energy Trading, Verbund, Virtuse energija and Vitol.

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