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BSP SouthPool

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The newsletter of the BSP Regional Energy Exchange No 2/2014

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.

25.000

60,00

15.000

40,00

30,00

Volume (MWh)

20.000 50,00

Price (EUR/MWh)

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 daily volume in the period from 1st February to 31st March reached 22.689 MWh and took place on 9th February. The maximum hourly volume, an amount of 1.236 MWh, was realised on the delivery day of 12th February for the 11th hour.

Slovenian Market Auction Prices and Volumes Delivery Day: 01. 03. 2014 - 31. 03. 2014

70,00

10.000

20,00 5.000 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 31 BASE Price

EURO-PEAK Price

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

16.000 14.000

60,00

1200 12.000 10.000

40,00 8.000 30,00 6.000

1000 800 Volume (GWh)

50,00 Price (EUR/MWh)

Transactions Volume

Volume (MWh)

70,00

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

600 400 200 0

20,00

4.000

10,00

2.000

0,00

0

April 2013 May 2013

June 2013

July 2013 August 2013 September October 2013 November 2013 December 2013 2013

Trading Volume

Buy Orders

January 2014

February 2014

March 2014

Sell Orders

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 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 Slovenian Intraday Market Volumes 14.000

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.

12.000

Volume (MWh)

10.000

8.000

6.000

4.000

In February and March 2014 a total volume of 600 MWh was submitted for clearing (OTC).

2.000

0 October 2013

November 2013

Block Volume Total Volume: 35.992 MWh

December 2013

January 2014

Hourly Volume

Block Volume: 26.765 MWh

February 2014

March 2014

Fifteen minute Volume

Hourly Volume: 8.122 MWh

Fifteen minute Volume: 1.105 MWh

BSP SouthPool

n 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.

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BSP SouthPool

n w 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?

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?

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.

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 3rd 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. The next Exchange trader training course will take place on the 5th 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 - 2014 – BSP d.o.o. All rights reserved

BSP Regional Energy Exchange

Your energy choice. 3

BSP SouthPool News April 2014  

The newsletter of the BSP Regional Energy Exchange No. 2

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