News

EPCG receives invitation for SEEPEX, CROPEX

Published

March 12, 2016

Comments

0

Share

Published:

March 12, 2016

Comments:

0

Share

All energy entities in Montenegro are consulting the Ministry of Economy and the Energy Regulatory Agency after leaders of the countries in the region agreed at a summit in Vienna that every country must have its own power market or join a neighbouring one, state-owned utility Electric Power Company of Montenegro (EPCG) informed news agency Mina-Business. According to the statement, the company received invitations both from Serbian-based bourse SEEPEX and Croatian CROPEX.

All technical and economic aspects are being analyzed, including the profitability of a potential independent market which would be established, but currently chances are that domestic companies will participate in the bourses in the region, EPCG stated. Meanwhile, the utility said, documents are being prepared to enable presence in the markets. Preliminary findings give the advantage to SEEPEX, the statement said and added that a participant must establish a company in a European Union member state if it wants to enter its power market.

Representatives of the electricity markets in the region earlier said they aspire to attract state-controlled energy companies from Bosnia and Herzegovina, Montenegro and Macedonia, countries with volumes too small to maintain liquid power bourses.

Related Articles

Greece PPC Renewables two solar power plants f 250 MW

Greece’s PPC Renewables finishing two solar power plants of 250 MW in total

29 March 2023 - PPC Renewables said it would complete two photovoltaic facilities in Greece's coal hubs by the end of the month

power utilities western balkans eu ets smissions co2 cbam

Workshop on emissions trading: cooperation of regional utilities toward energy transition

29 March 2023 - Top managers of five state-owned power companies from BiH, Montenegro, North Macedonia and Serbia have discussed cooperation

seepex intraday market launch

All set for intraday electricity market in Serbia – next step is to join single European market

29 March 2023 - The opportunities for electricity buyers and sellers were presented by the representatives of SEEPEX, BSP SouthPool, and European Commodity Clearing

EU deal ban sales new diesel gasoline cars 2035

EU reaches deal to ban sales of new diesel, gasoline cars in 2035

29 March 2023 - EU energy ministers agreed on a ban on new cars and vans running on gasoline and diesel starting in 2035, but with a notable exception