Electricity

Albanian Power Exchange is looking for trading platform supplier

Albanian Power Exchange is looking for trading platform supplier

Published

March 19, 2021

Country

Comments

0

Share

Published:

March 19, 2021

Country:

Comments:

0

Share

The Albanian Power Exchange (ALPEX) has launched a public call for the electronic trading platform for the day-ahead and intraday markets.

ALPEX was established in October last year by Kosovo’s transmission system operator (TSO) KOSTT and its Albanian counterpart OST.

The deadline to file offers is May 4

Following the agreement on setting up the power exchange, the Energy Community Secretariat said ALPEX would need to procure services for the operation of the day-ahead market (DAM) and market coupling after its establishment and consolidation.

The deadline to file offers to supply an electronic trading platform and accompanying services is May 4, the local media reported.

The cost of the procurement is estimated at EUR 1.8 million (ALL 225 million).

According to the tendering documentation, TSOs KOSTT and OST have agreed to establish a common electricity market based on the operational model of a power exchange for both control areas.

ALPEX will implement the European Union’s so-called target model for the day-ahead, and intraday markets

ALPEX, based in capital Tirana, will operate the short-term electricity markets in Albania and Kosovo* and their day-ahead market coupling.

According to the documentation, ALPEX will implement the European Union’s so-called target model for the day-ahead, and intraday markets.

The target model is the cornerstone for the development of a single electricity market in Europe.

The process of establishing ALPEX started in March 2020 when the Albanian government launched a tender for companies interested in becoming shareholders. It was suspended due to the COVID-19 pandemic in April, and at the end of June the shareholders were selected.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Romania, Serbia held talks on pumped-storage HPP Đerdap 3, closer energy ties

Romania, Serbia in talks on pumped storage hydropower Đerdap 3, energy cooperation

25 May 2022 - Two energy ministers met in Bucharest after a roundtable organized by the Partnership for Transatlantic Energy and Climate Cooperation

Greece preparing rolling power outages Russia cuts off gas

Greece preparing for rolling power outages if Russia cuts off gas

24 May 2022 - If Russia stops delivering gas, Greece intends to impose rotating blackouts for energy-intensive industries

Slovenia controversial hydropower Mokrice energy crisis

Slovenia backs controversial hydropower project Mokrice amid energy crisis

23 May 2022 - The Government of Slovenia said the public interest outweighs nature conservation in the case of HESS's hydropower project in Mokrice

Bistrica pumped storage HPP project

Energy crisis accelerates construction of Bistrica pumped storage hydropower

23 May 2022 - The project is one of the most important investments in the energy sector of Serbia, with a planned capacity of 630 MW