Slovenian-based Regional Power Exchange Borzen SouthPool Postpones Launch of Trade Until Mid-Nov

“BSP Regional Energy Exchange LLC, as a centralised trading centre, will take over from the company Borzen, power market operator, the tasks and the implementation of the electricity exchange activity in the Republic of Slovenia and the Republic of Serbia, and later also in other regions, mainly in southeast Europe, in the middle of November 2008,” BSP said on its website.

BSP’s managing director Damjan Stanek said last month that trading in spot market products was set for launch by the end of October.

At present, four functional energy exchanges are relevant to the southeast European region: EEX in Germany, EXAA in Austria, OPCOM in Romania and Pool in Greece.

Danmark's Danske Commodities, Belgium's Electrabel, Energy Financing Team, one of the key electricity traders in southeast Europe, Serbian electricity trading company Rudnap Group and Slovenia's Petrol Energetika, GEN-1 and power conglomerate Holding Slovenske Elektrarne have already signed up for membership in the BSP.

BSP Regional Energy Exchange LLC (www.southpool.com) was set up in May by Slovenian power exchange operator Borzen and Eurex, the international derivatives exchange, and aims to be the leading regional cross-border energy exchange in southeastern Europe with a spot and derivatives market for electrical energy, gas, and associated energy products.

BSP will offer integrated services ranging from operation of trading platform via matching of offers and clearing to settlement of the deals done, the company said on its website.