Exchange Market - Slovenia
Trading on BSP SouthPool means trading with electric energy for the following day.
A part of the electricity exchange is trading in the territory of Slovenia, which means that the products with the supply in Slovenia are traded. Only the companies, which have obtained the right of participating by way of the accepted application, are allowed to participate in this market segment.
The electricity exchange is a point in which the offer of and the demand for standardized electricity products for the following day or for the period of time until and including the next working day meet.
Trading participants are trading with following standardised products:
- Base (00:00 – 24:00),
- Peak (06:00 – 22:00),
- Off-peak1 (00:00 – 06:00),
- Off-peak2 (22:00 – 24:00),
- Euro-peak (08:00 – 20:00),
- Euro-off-peak1 (00:00 – 08:00) and
- Euro-off-peak2 (20:00 – 24:00).
Trading is organized as continuos (spot) or auction trading.
At continuous trading, the trading phase runs from 9:00 a.m. to 12:00 p.m.
During continuous trading, the participants can enter, change and delete their orders, see current prices and most favourable orders, and have the insight into the order book. Deals are concluded on the basis of the price/time priority criterion.
Auction trading is divided into the following phases:
- call phase runs to 9:00 a.m., however, it is possible to enter the bids 8 days prior to the trading day. In this phase, orders can be entered, changed or deleted, and the participants can see only their own orders;
- freeze phase runs from 9:00 to 9:10 a.m. at the latest. During the freeze phase, the Market Supervision can examine the orders and react in case of any irregularity;
- price determination is made between 9:10 and 10:25 a.m., marginal prices calculated at auction are shown to the trading members;
- after the price determination phase, the trading members have an overview of marginal prices and their own deals.
The auction trading method is used for trading with hourly electricity products (24 hours of a single day are traded).
