Electricity

Bulgarian, Macedonian TSOs to conduct joint auctions for capacity allocation

Photo: ESO

Published

November 24, 2017

Comments

comments icon

0

Share

Published:

November 24, 2017

Comments:

comments icon

0

Share

Bulgarian electricity transmission system operator ESO and its Macedonian peer MEPSO have signed an agreement to conduct joint auctions for capacity allocation, the Bulgarian transmission system operator (TSO) said in a statement.

The document was signed by ESO CEO Ivan Yotov and MEPSO General Director Sašo Vasilevski during a joint session of the governments of the Republic of Macedonia and the Republic of Bulgaria, which took place yesterday in Strumica.

The agreement has been signed based on agreed general rules for the allocation of transmission capacities at the Bulgarian-Macedonian border, which have been approved by the national regulators of Bulgaria and Macedonia.

“The document regulates the conditions for conducting joint tendering procedures to be applied during 2018. At present, ESO and MEPSO allocate 50% of transmission capacities at the Bulgarian-Macedonian border,  according to separate auction rules. The new auction rules will make it easier for traders to use one platform,” ESO said in a statement.

Macedonian market participants will be able to participate jointly with their Bulgarian partners in the daily auctions that ESO will hold on behalf of the two operators.

Annual and monthly auctions of available capacities will be organized and conducted by MEPSO.

“Conducting joint auctions at the Bulgarian-Macedonian border will help boost the offered transmission capacity, allocated on a daily basis. Transmission capacities distributed in annual and monthly auctions not used by commercial participants will be further redistributed by ESO in daily auctions. A larger daily supply will increase the liquidity of the national power exchanges in the region and lead to a rise in traded electricity,” ESO said in the statement.

Common procurement procedures are a necessary first step on the road to creating a single market and linking power exchanges in Southeast Europe.

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

Montenegro determines quota maximum price for solar power auction

Montenegro determines quota, maximum price for solar power auction

06 July 2025 - The participants in the forthcoming auction for solar power projects in Montenegro will bid for state support for a total of 250 MW

Open call for green hydrogen combined heat and power pilot project in Western Macedonia

Open call for green hydrogen high-efficiency CHP pilot plant in northern Greece

04 July 2025 - The Greek government has opened a call for a pilot CHP unit in Western Macedonia that would run on green hydrogen

Foreign renewable energy investors remain committed to Romania as large plants coming online

Foreign renewable energy investors remain committed to Romania as large plants coming online

04 July 2025 - Renewable energy companies from abroad aren't intimidated by negative power prices in Romania, especially with the BESS segment accelerating

projects euros modernisation fund celan energy

EU’s Modernisation Fund disburses EUR 3.66 billion for clean energy projects in nine countries

04 July 2025 - Focusing on renewables, grids, storage, and energy efficiency, the funds will support projects in Croatia, Slovenia, Greece, and Romania.