News

Cropex, Nord Pool Spot develop power market

Published

June 2, 2015

Comments

0

Share

Published:

June 2, 2015

Comments:

0

Share

Croatian Power Exchange Ltd. (Cropex) and Nord Pool Spot, a power market, announced the signing of a cooperation agreement to create the first competitive Croatian day-ahead power exchange, with the possibility of extension to include an intraday market at a later stage.

Cropex is committed to the development of a transparent and efficient Croatian power market, enabling the country to become a part of the pan-European multi-regional coupling of power markets (MRC), Nord Pool Spot said. In order to ensure the rapid fulfilment of this goal and, at the same time, to deliver valuable services to its customers, Cropex has selected Nord Pool Spot as its partner to operate the Croatian power market as an exchange serviced by price coupling of regions (PCR), Nord Pool Spot’s press release said.

The plan is for the Croatian day-ahead market to become operational by the end of the fourth quarter. Silvio Brkić, CEO of Cropex, said: „We are happy and proud to have Nord Pool Spot as Cropex’s strategic partner. This partnership is the best guarantee for the successful creation of a liquid Croatian day-ahead power market, integrated into the MRCs of European power markets.”

A cooperation agreement was signed with Nord Pool Spot in April, aimed at setting up and running Bulgaria’s first day-ahead power exchange. The platform is planned to start operations by the end of the year.

Related Articles

Slovenia and Czech Republic to exit coal by 2033

Slovenia, Czech Republic to exit coal by 2033

14 January 2022 - The Government of Slovenia adopted the National Strategy for a Coal Exit and the Restructuring...

iea electricity report 2022 prices

IEA: Rising demand for electricity could result in high prices over next three years

14 January 2022 - Average wholesale electricity prices in Europe in the fourth quarter of 2021 were more than four times as high as their 2015-2020 average

Western Balkans integrate markets easier energy transition funding

Western Balkans need to integrate markets for easier energy transition, funding

14 January 2022 - A joint approach makes funding green energy and the coal phaseout easier for the Western Balkans, but funding sources are still insufficient

Albania to lease oil-fired power plant with installed capacity 110-130 MW

Albania to lease oil-fired power plant as a response to energy emergency

14 January 2022 - State-owned power utility KESH issued the call for expression of interest for leasing a thermal power generation asset