Zoran Gjorgjievski becomes CEO of North Macedonia’s MEMO power exchange

Head of the organized electricity market department in North Macedonia’s National Electricity Market Operator MEMO Zoran Gjorgjievski replaced Simon Shutinoski as CEO. The institution operates the country’s new power exchange, also known as MEMO.

New leadership of North Macedonia’s National Electricity Market Operator MEMO will continue the work on market coupling with Greece or Bulgaria. Chief Executive Officer Zoran Gjorgjievski (pictured left) has taken over the duty from Simon Shutinoski.

The now former CEO wished him success and to materialize upcoming projects for the modernization of the body. It operates the North Macedonian electricity exchange, also known as MEMO. The bourse was established last year with the introduction of a day-ahead market.

Gjorgjievski vowed to work with integrity and dedication on the development of all segments of the country’s electricity market.

Shutinoski held the position since 2019, when MEMO was founded. Before that, since 2017, he was also the head of the electricity market operator, but it was as a subsidiary of North Macedonia’s transmission system operator MEPSO.

The new CEO joined the electricity market operator in 2014. When MEMO was established, he became the head of its organized electricity market department.

North Macedonia, Greece, Albania, and Kosovo* signed memoranda of understanding in November on coupling their day-ahead electricity markets. The United States initiated the project.