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CROPEX initiates member admission, postpones launch

December 14, 2015 | Comments: 0Author:

At the meeting of the Board of Commissioners of Croatian Energy Regulatory Agency (HERA), Cropex was designated as a nominated electricity market operator (NEMO) for a period of four years. In accordance with European Commission’s regulation on capacity allocation and congestion management (CACM), each member state electrically connected to a bidding zone in another member state shall ensure that one or more nominated electricity market operators are designated.

Earlier, Reuters learned that the power exchanges of Serbia and Croatia postponed the initiation of their day-ahead power markets until early next year.

The agency designated Cropex as a NEMO for performing the single day-ahead and intraday market coupling. Following the completion and implementation of the trading platform with Nord Pool Spot AS, the admission process for future members of the Croatian Power Exchange was launched. Applicants need an energy license issued by HERA, balancing energy contract with Croatian Transmission System Operator Ltd. (HOPS), and agreement regulating mutual relations with Croatian Energy Market Operator Ltd. (Hrote).

Applicants need an energy license issued by HERA, balancing energy contract with Croatian Transmission System Operator Ltd. (HOPS), and agreement regulating mutual relations with Croatian Energy Market Operator Ltd. (Hrote).

In accordance with the new rules on energy license, traders from the EU and Energy Community countries can obtain the licence without having to establish a new company or subsidiary in Croatia.