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About us / Short presentation

Short presentation

Get to know Borzen - our core business, our story, our history, our people

The core activity of Borzen is the provision of the public service of electricity market operator and a compulsory national public service of the Centre for Support.  

Our work consists of two major sections: 

  • Market Operator Activity  
    As a market operator, our services ensure and facilitate the harmonised operation of the Slovenian electricity system and transparency in the electricity market. We carry out the tasks of managing the balance scheme, recording bilateral contracts, drawing up the indicative timetable, and balance clearing and financial settlement of transactions related to the above tasks. 
     

  • Centre for RES/CHP support  
    As a Centre for RES/CHP support, we operate the support scheme for electricity production from renewable energy sources and high-efficiency combined heat and power. We also award other subsidies or grants in the field of renewable energy through public calls for tenders. In addition, we operate and technically manage the Guarantees of Origin in the Republic of Slovenia, which is a fundamental tool for ensuring traceability of the origin of electricity produced in Slovenia. Under our brand »Sustainable Energy« (Trajnostna energija), we carry out information, awareness-raising and training activities on renewable energy sources and the efficient use of energy, thus supporting environmental policies through public awareness-raising. The Renewable Energy Focal Point promotes investment in renewable energy through its services. Through our contact point for promoting renewable energy use, we provide advice on the implementation of renewable energy projects and assist in expediting the necessary procedures wherever possible.

As the promoter of the development of the Slovenian electricity market, its efficiency and market mechanisms, Borzen plays an important role in reaching green transition objectives, as it has an important impact on the processes of integration of the Slovenian market into the single market of the European Union and the implementation of the European Green Deal through systematically regulating the field of electricity in Slovenia, proposing legislative changes, and allocating national financial assistance for investments in technologies for the use of renewable energy sources.

Important area of the green transition is also transport, that is why Borzen its knowledge and experience from energy market to develop smart, sustainable and efficient solutions for establishing a sustainable transport environment. So, we actively inform the public about e-mobility and enable subsidies for investments in electric vehicles and the shift to alternative fuels in transport.

At Borzen we strive for 

  • sustainable development and expansion of the market and our services; 

  • transparent and safe business operation; 

  • reliability and quality of our services; 

  • integration of the Slovenian electricity market into the international environment; 

  • complete provision of information for market participants; 

  • environmental awareness. 

Our story

As a pivotal electricity market operator, Borzen has played a crucial role in shaping the energy market landscape in Slovenia. Over two decades ago, the company made a resolute commitment to the market and its stakeholders, laying the foundations for a liberalized and unified electricity market. The official opening of the Slovenian electricity market took place on April 15, 2001. In the same year, trading transitioned to an electronic platform, marking a significant departure from the previous practice of weekly in-person market meetings.

Borzen's founding not only marked the inception of the first Slovenian power exchange but also paved the way for transformative changes. In 2008, the responsibility for this role shifted to Borzen's subsidiary, BSP Energy Exchange, where we maintained a stakeholder position until December 2022.

Presently, as the market operator, Borzen is instrumental in ensuring the stable operation of the Slovenian electricity system and fostering transparency within the electricity market. Moreover, the company actively supports the green transition through new framework. In 2022 we established a Contact point for the promotion of the consumption of renewable energy sources. As of 2024 and in accordance with the law (ZIAG) we have established the Center or the promotion of the transition to alternative fuels in transport. The Centre serves as a central hub for information and support regarding alternative fuels in Slovenia, as well as for obtaining subsidies for electric vehicles, charging stations, and other sustainable transport solutions.

Today, the market operator’s key activities ensure and facilitate the stable operation of the Slovenian electricity system and the transparent functioning of the electricity market, while also supporting the transition to a low-carbon society.

 

A Brief History of the Company 

2025

  • Over 124,000 concluded contracts for the purchase, sale, or transfer of electricity, as well as operational forecasts, have been recorded.
  • 105 million EUR in support was paid out for the operation of facilities using environmentally friendly electricity generation.
  • 58 million EUR in non-repayable financial incentives was paid out for investments in renewable energy sources, and nearly 41.74 million EUR for cleaner forms of mobility.
  • Publication of 9 new calls for proposals for awarding grants for investments in renewable energy sources and cleaner forms of mobility.
  • Five series of public auctions successfully conducted for Termoelektrarna Šoštanj, d.o.o.
  • Opening of seven new advisory offices serving as contact points to promote the use of renewable energy sources.
  • Conducted program for raising information and awareness for various groups regarding renewable energy sources and energy efficiency.
  • Participation in events and trade fairs aimed at informing the public about the company’s services and activities.

2024

  • The Establishment of a Centre for the promotion of the transition to alternative fuels in transport.
  • Conducted eight public calls for paying subsidies for investments in renewable energy sources and cleaner forms of mobility.
  • Establishment of a contact Center to provide substantive and technical support to customers regarding public calls.
  • Upgrading the support center’s web portal to facilitate the transition to electronic invoicing.
  • Implementation of new applications for recording closed contracts and operational forecasts, and the preparation of alternations and replenishment of the Rules of the Operation of the Electricity Market.
  • Collaboration on establishing and studying a flexibility ecosystem on the low-voltage grid as part of the STREAM project.
  • Acquisition ISO 9001 certification for the quality management system.

2023

  • The new Rules for the Operation of the Electricity Market and Rules for the Organisation of the Market Operator Platform for Balancing Energy entered into force.
  • Borzen carried out the first public call for paying subsidies for the purchase of wood pellets.
  • Numerous programs and events implemented to inform and raise awareness among various groups regarding renewable energy sources and energy efficiency.

2022

  • Acquisition of the Socially Responsible Employer certificate. 

  • Borzen's shareholding in BSP d.o.o. transferred to Eles, d.o.o. 

  • A series of educational contents and events to promote RES and RE implemented and prepared, including the 3rd season of the environmental cartoons Lepši svet ("A Better World"). 

2021

  • The Slovenian electricity market switches to a 15-minute ISP – related adjustments to the recording and imbalance settlement processes and data transfer to the EMFIP ENTO-E platform.

2020

  • The first hybrid conference (live and digital), the installation of an energy-themed playground in Koper and the publication of a comic book on sustainable energy.

2019

  • Development of a wide range of educational content on sustainable energy (board game, new season of the environmental cartoons Lepši svet ("A Better World"), competition for the best Master's thesis and a sustainable energy prize competition for children), the first energy-themed playground in Maribor. 

2018

  • Participation in various international projects and in projects related to the establishment of electricity markets in the Eastern countries. 

2017

  • Borzen produces the first Slovenian series of animated environmental cartoons, entitled Lepši svet (“A Better World”) 

  • Receiving numerous awards and prizes: best renewable energy and energy efficiency promotion project, third place in the "Best of the Best" programme, best annual report award, etc.

2016

  • Launching of the Centre for Support web portal, intended for the members of the RES and CHP support scheme.  

2015

  • Borzen starts to perform an integral service of REMIT reporting for participants in the energy market pursuing the Regulation on wholesale energy Market Integrity and Transparency (REMIT). 

2014

  • Web portal under a new brand SUSTAINABLE ENERGY was established, covering topics of energy efficiency and renewable energy sources. 

2011

  • Market coupling on the Slovenian – Italian border started. 

2009

  • Borzen started the implementation of activities of the Centre for RES/CHP Support, the Support Scheme operator for the generation of energy from renewable energy sources and highly efficient cogeneration of heat and power. 

2008

  • Borzen established the BSP Regional Energy Exchange d.o.o jointly with the German company Eurex. The energy exchange activity was consequently transferred from Borzen to the new company. 

2007

  • The existing central database was upgraded to the Guarantees of Origin Registry by Borzen and the Energy Agency; the Registry enables user-friendly and simple handling of Guarantees of Origin. 

2004

  • The start of the implementation of the imbalance settlement in the delivery and consumption of electricity from announced operating schedules  

  • Launch of the wood biomass information portal. 

2002

  • The company performed daily auctions for the allocation of cross-border transmission capacities for the import and export of electricity on the Slovenian – Italian border.  

  • Establishment of the Association of European Power Exchanges EuroPEX. The Association which is instrumental in the operation of the European electricity market was established by Borzen and seven other energy exchanges. 

2001

  • The company is established and the electricity market in Slovenia is officially opened.  

  • Start of electricity trading on the electronic trading platform. 

 

Employees 

The people are Borzen. Individuals who together realize the company's strategic goals. We are aware that every employee represents an important part of the mosaic of our company. Taking care of our colleagues is one of our priorities. 

With dedicated work, we co-create domestic and international energy environments every day thus actively help shape the Slovenian and European energy trends. Borzen employs competent, highly professionally qualified employees, for whom social responsibility, ethical business, and orientation towards development and progress are the basic guidelines in their work. The company's employees are distinguished not only by their knowledge and development orientation, but above all by their drive and homogeneity.