EPCG receives invitation for SEEPEX, CROPEX


March 12, 2016





March 12, 2016




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


Montenegro on track to add 4 GW of solar and wind, seeks EU support for green steel roll-out

29 November 2023 - Montenegro's strategic goals include renewable energy, smart electricity metering, but also green steel production

eu action plan grids european commission

Industry welcomes EU’s grid action plan but criticizes lack of some crucial measures

29 November 2023 - The European Commission has presented a 14-point action plan for seven challenges to improving electricity grids

GIZ opens applications for green jobs consultant in Western Balkans 

28 November 2023 - The German development agency has launched a call for the expression of interest and the deadline is December 12


Ukrainian billionaire Akhmetov completes 60 MW Ruginoasa wind farm in Romania

28 November 2023 - The Ruginoasa wind farm, featuring Romania’s biggest wind turbines, is expected to start producing electricity next year