Bosnian power exchange to be established with seat in Mostar

Photo: Pixabay


July 7, 2017






July 7, 2017





Croatian power exchange CROPEX and Bosnian power utility, Elektroprivreda HZ Herceg Bosne (EPHZHB), have expressed support to the establishment of power exchange in Bosnia and Herzegovina, and readiness to provide assistance to the Independent System Operator (NOSBiH) as the bearer of activities of the future power exchange.

The seat of Bosnian power exchange will be in the city of Mostar, in Western part of the country, CROPEX said after meeting of the companies’ representatives.

The CEO’s of three companies met in the second half of June to discuss activities related to the establishment of the power exchange in Bosnia and Herzegovina, as well to exchange information and strengthen areas of mutual cooperation regarding EPHZHB’s trading on CROPEX and other EU power exchanges.

“Elektroprivreda HZ Herceg Bosne as well as neighboring EU power exchange CROPEX from Zagreb fully support establishment of the Power exchange of Bosnia and Herzegovina company seated in Mostar”, the statement said.

CROPEX announced also that a letter of interest will be signed between the companies in order to define assistance volume and dynamics in line with NOSBiH’s needs.

At the meeting, conclusions were adopted containing guidelines for both individual and joint future activities related to the establishment of Bosnian power exchange trading on the spot market (day ahead and Intraday trading), with the aim to sell most of the electricity produced in Bosnia and Herzegovina at the domestic market.

It was also concluded that the Regional energy conference (REK 2017) will be organized this year in the second half of October with participation of representatives of leading power companies from Bosnia, Croatia and other countries in the South-East Europe, Bosnian regulatory bodies as well as officials from the two countries, the Energy Community and the EU. EPHZHB will host the event with NOSBIH and CROPEX as partners.

The Croatian power exchange reminded in the statement that it is a signatory of the Addendum to Western Balkans 6‘s Memorandum of Understanding and that is ready to help achieve the Energy Community’s goals related to connecting the electricity markets of neighboring non-EU states, in particular Bosnia, with Croatia as the neighboring EU market.

It was also emphasized that establishing a cross-border coupling of neighboring day-ahead markets of Croatia and Bosnia and Herzegovina could become a project of EU CESEC importance, it added.

CROPEX, which recently launched the Intraday market, also participates in the MRC IBWT project of coupling the Croatian day-ahead market through the Croatian-Slovenian border to the EU-related market with the go-live of the project in Q2 of 2018.

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

dusan zivkovic eps general manager elektroprivreda srbije

Dušan Živković appointed as general manager of Elektroprivreda Srbije

15 June 2024 - The Supervisory Board of the joint stock company Elektroprivreda Srbije has appointed Dušan Živković as the general manager

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW