Electricity

ELES preparing auction to buy power for covering losses through 2023

ELES auction losses

Photo: Pixabay

Published

May 12, 2020

Country

Comments

comments icon

0

Share

Published:

May 12, 2020

Country:

Comments:

comments icon

0

Share

ELES is receiving suppliers’ applications for baseload products of 10 MW for next year and 11 MW for both 2022 and 2023 to cover losses in electricity. Slovenia’s transmission system operator or TSO said interested parties can submit auction documents by June 3.

ELES doo issued a public call for an auction to buy energy and cover losses in the transmission system in the next three calendar years. The transactions are being prepared with BSP Energy Exchange via the Euro Market trading platform, the Slovenian transmission system operator, TSO, added.

Suppliers are invited to offer standardized baseload products of 10 MW for 2021 and 11 MW for delivery in both 2022 and 2023. Potential participants are obligated to submit applications by June 3 at 13:00 and the auction is scheduled for June 9 at 8:00 to 10:00. The system and bidding will be tested on June 4. Participants will need usernames and passwords.

ELES said it would select one or more bidders. According to Slovenia’s Energy Act, the TSO is responsible for losses in electricity.

Legal entities and natural persons can participate if they have a balance agreement or a contract for the settlement of imbalances with the balance responsible party, according to the rules for the commercial public service. The buyer can annul the auction if there aren’t at least three participants for each year or if it concludes the purpose hasn’t been achieved.

The bid bond is worth EUR 7,000 per MW. ELES said it would inform the participants on the same day about the results of the auction for the purchase of power aimed at covering losses. The winner or winners will have to submit a performance bond in the amount of 10% of the contract value.

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

MET Group Hungary largest battery energy storage system

MET Group inaugurates Hungary’s largest battery energy storage system

19 June 2025 - MET Group installed a battery energy storage system of 40 MW and a two-hour duration at its gas power plant Dunamenti near Budapest

energy transition eti 2025 wef wind

WEF: Global energy transition picks up pace

19 June 2025 - The World Economic Forum's latest report shows the fastest energy transition progress since before the COVID-19 pandemic.

Greece to participate in European Nuclear Alliance Mitsotakis

Greece to participate in European Nuclear Alliance

19 June 2025 - Greece is going to explore its options for the introduction of nuclear energy, according to Prime Minister Kyriakos Mitsotakis

Western Balkan coal plants cut harmful emissions 2024 breaches extreme

Western Balkan coal plants cut harmful emissions in 2024 but breaches remain extreme

19 June 2025 - SO2 emissions from NERP-bound coal plants in BiH, Kosovo*, North Macedonia and Serbia were six times above legal limits last year