Electricity

Bulgaria, North Macedonia, Albania sign memorandum on day-ahead market coupling

Photo: ESO

Published

March 12, 2019

Country

Comments

0

Share

Published:

March 12, 2019

Country:

Comments:

0

Share

The transmission system operators (TSOs) of Bulgaria – ESO, North Macedonia – MEPSO, and Albania – OST have signed a memorandum of understanding (MoU) which envisages the day-ahead market (DAM) coupling.

The MoU was signed by ESO CEO Angelin Tsachev, MEPSO CEO Sasho Vasilevski, and OST CEO Skerdi Drenova in Sofia.

According to ESO’s press release, the three parties have signed the Memorandum of Understanding on the development of the electricity market and the strengthening of regional cooperation in the South-East Europe (SEE) region through mutual assistance.

The initiative is expected to enhance the security of supply in the region

The three sides declare their willingness to cooperate closely and contribute to the development of the electricity market by bringing together their national DAMs and integrating them into the functioning coupled European energy market, ESO said.

The initiative is expected to contribute to creating better opportunities for market participants and enhancing the security of supply in the region.

The Memorandum also envisages an implicit allocation of interconnection capacities in line with the EU target model

The Memorandum also envisages the coupling of the DAMs to be accompanied by an implicit allocation of interconnection capacities in line with the European target model.

With the signing of the document, the three TSOs also state their determination to develop regional cooperation by the establishment of a Regional Security Coordination Center set up in a SEE EU member state.

North Macedonia and Albania do not have a power exchange or DAM. Bulgaria has an operating power exchange, IBEX, which was established in January 2014.

North Macedonia and Bulgaria have already signed a memorandum of understanding (MoU) on the DAM coupling.

Launch of the North Macedonia’s DAM is scheduled for the end of November

According to the latest Western Balkans 6 (WB6), Electricity Monitoring Report the launch of the North Macedonia’s DAM is scheduled for the end of November 2019, while the go-live of Bulgaria and North Macedonia market coupling will follow in January 2020.

After a major crisis on the Bulgarian power market in January 2019, when DAM prices increased 50% to 200%, IBEX CEO Konstantin Konstantinov said that talks on coupling were being conducted with all neighboring countries, with most progress achieved with Macedonia and Romania.

A month ago, Croatia, Serbia, and Bulgaria launched the initiation of a trilateral power market coupling project between the three countries.

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

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

Vienna airport Austria biggest solar power plant

Vienna airport completes Austria’s biggest solar power plant

23 May 2022 - Flughafen Wien Group said it has put Austria's biggest solar power plant into operation on 24 hectares at the Vienna International Airport

Serbian power utility kicks- off construction of its first wind power plant Kostolac

20 May 2022 - EPS signed the loan agreement in November 2017, and received an energy permit for the wind farm at the end of 2018