Electricity

CROPEX joined the EU XBID Local Implementation Project

Photo: Pixabay

Published

August 30, 2017

Country

,

Comments

0

Share

Published:

August 30, 2017

Country:

,

Comments:

0

Share

Croatian power exchange (CROPEX) and Croatian Transmission System Operator (HOPS), became part of 15th XBID Local Implementation Project a week ago, along with transmission system operators and power exchanges from Germany, Austria, Czech Republic, Romania and Hungary.

The main objective of the parties involved is to initiate coupling of intraday continuous electricity markets through implicit allocation of intraday cross-border capacity through the EU XBID project at the borders between the countries involved, says information that CROPEX published on its website.

XBID is Cross-Border Intraday Market Project for pan-European Intraday Coupling comprised of members from 14 European countries. The purpose of the XBID is to enable continuous cross-zonal trading and increase the overall efficiency of intraday trading on the single cross-zonal Intraday market across Europe.

In early 2016 Croatian Transmission System Operator Ltd. (HOPS) and CROPEX, together with all non-NWE+ parties, have formally joined the XBID Accession Stream. The main objective of the project is to establish cross-border intraday implicit continuous allocation of cross-border transmission capacities at pan-European level, in accordance with EU CACM regulations.

Given that on April 26, 2017 CROPEX successfully launched a local, continuous intraday electricity market, HOPS and CROPEX started analysing the potential options for joining one of the existing EU Local Implementation Projects (LIP) and following the formal procedure on  August 22, 2017, became members of the 15th Local Implementation Project, consisting of transmission system operators and power exchanges of five EU countries, Germany, Austria, Czech Republic, Romania and Hungary. Thus, the Republic of Croatia with the Croatian-Hungarian border is formally included in one of the intraday market coupling local implementation cross-border projects. Based on the initial project timeline, the expected LIP 15 go-live is Q4/2018.

CROPEX Ltd. is a company established to provide a central location for trading electricity to their market participants in a safe, reliable and transparent way. CROPEX acts as Central Counter Party between sellers and buyers of electricity and takes the risks of buying and selling electricity for all day-ahead and intraday trades concluded on the trading platform. Croatian power exchange is equally owned by Croatian energy market operator Ltd. and Croatian Transmission System Operator Ltd.

Croatian Transmission System Operator Ltd (HOPS) mission is electric power system operation and maintenance, electricity transmission, as well as construction and development of electricity transmission network in order to maintain security of supply with minimal costs and environmental protection. HOPS is the sole electricity transmission system operator in the Republic of Croatia, and the owner of the entire Croatian transmission network (400 kV, 220kV and 110kV included voltage levels).

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

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.

net-loss-eps-q1

Serbia’s power utility EPS posts Q1 net loss of EUR 254 million

30 June 2022 - The state-owned power utility is blaming the poor result on a drop in output, electricity imports, and capped prices for end-consumers

EU agrees fossil fuel car ban as climate package talks are starting

EU agrees fossil fuel car ban as climate package talks are starting

29 June 2022 - The Council of the EU and European Parliament are set for talks on the Fit-for-55 package. Both agree new combustion engines should be banned by 2035.

G7 reverses climate policy support LNG gas nuclear power

G7 reverses climate policy with support for LNG, gas, nuclear power

29 June 2022 - The G7 reaffirmed its commitment to climate goals, but it backed the deployment of gas, particularly LNG, and of nuclear power