October 13 (SeeNews) - Slovenia-based regional power exchange Borzen SouthPool (BSP) will launch trading in spot market products later this month, BSP’s managing director Damjan Stanek said on Monday.
BSP will launch trading at the end of October with spot market products with financial settlement in both Slovenia and Serbia, Stanek told SeeNews. The exchange will use capacity auctions and spot trading, he added.
In May Slovenian power exchange operator Borzen and Eurex, the international derivatives exchange, set up BSP with the aim of turning it into the leading regional cross-border energy exchange in southeast Europe with a spot and derivatives market for electrical energy, gas, and associated energy products. BSP is modelled after the Leipzig Power Exchange. Borzen holds a 51% stake in BSP and Eurex owns the remainder.
Serbian power monopoly Elektroprivreda Srbije and the country’s power grid operator Elektromreza Srbije are likely to be included in the BSP spot electricity market, according to Serbian news agency B92.
Serbian electricity trading company Rudnap Group has also expressed readiness to become a partner in the new bourse.
The new bourse would enable transparent pricing of the electricity traded in the region, but experts warn that the countries in southeast Europe still face domestic monopolies in electricity transmission.