UPDATE 1 - Slovenian-based Regional Power Exchange Borzen SouthPool Launches Trading

“BSP Regional Energy Exchange successfully launched electricity trading in the Slovenian and Serbian delivery area,” BSP said in a statement.

The fist deals were in the Slovenian delivery area, but members have entered orders for both delivery areas, so the first price signals could already be established, BSP added.

It said earlier on Tuesday that it would launch operations in the middle of November rather than at the end of October as announced previously.

Danmark's Danske Commodities, Belgium's Electrabel, Energy Financing Team, which is 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) is owned by Slovenian power exchange operator Borzen and Eurex, the international derivatives exchange, and aims to be the leading regional cross-border energy exchange in Southeast Europe with a spot and derivatives market for electricity, gas, and associated energy products. 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.

BSP will offer integrated services ranging from operation of trading platform via matching of offers and clearing to settlement of the deals done.

($ = 0.7828 euro)