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

EU key energy market reforms coming into force

EU’s key energy market reforms coming into force

22 May 2024 - The EU enacted electricity and gas market reforms and a framework to boost the development of hydrogen and other decarbonized gases

energy-intensive-industries-serbia-CBAM

Serbia’s energy-intensive industries brace for CBAM, seek state support to apply decarbonization solutions

22 May 2024 - Companies in Serbia are not afraid of decarbonization and CBAM, but are worried the state does not recognize what needs to be done to help the affected industries

SolarEdge 3D house with Israel products_evening (2)

SolarEdge Home – the premium solar system even more affordable

22 May 2024 - SolarEdge is known for offering the most premium equipment on the market, but if you are wondering if SolarEdge DC optimization is useful on residential property, the answer is “yes, definitely"

Serbian industry Messer Tehnogas decarbonization Mirjana Jukic Belgrade Energy Forum

Serbian industry leader Messer Tehnogas preparing decarbonization investments

21 May 2024 - Messer Tehnogas, the main gases producer in Serbia, is looking to cover a large part of its electricity needs with photovoltaics