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Serbia’s power exchange, SEEPEX, has reached an agreement with state-owned utility Elektroprivreda Srbije to work together on strengthening the intraday electricity market.
SEEPEX is proud to announce the signing of a strategic agreement with Elektroprivreda Srbije (EPS), Serbia’s largest power utility company, aimed specifically at securing its support for the organized intraday continuous (IDC) electricity market, the power exchange said.
SEEPEX is part of ADEX, which was established in 2022 through a corporate merger between Slovenian energy exchange BSP SouthPool and its Serbian counterpart. In December 2024, ADEX Group completed a merger with the Hungarian Power Exchange (HUPX).
The agreement between SEEPEX and EPS marks an important step forward in strengthening SEEPEX’s organized IDC electricity market, which will also help improve the integration of renewable energy sources, according to the update.
EPS will actively support and participate in the SEEPEX IDC market
Through this partnership, EPS will actively support and participate in the SEEPEX IDC market, enhancing its liquidity and encouraging engagement from all 32 IDC members.
“We believe this collaboration will position the SEEPEX IDC market as a trusted and dynamic platform for electricity trading across the region and beyond,” SEEPEX stressed.
SEEPEX launched the intraday market in July 2023
The contract aims to secure daily offers from EPS to encourage other participants to access the market and start trading, Balkan Green Energy News has learned.
In October 2023, SEEPEX signed a market-maker agreement with EPS for the intraday continuous market.
SEEPEX launched the intraday market in July 2023, with 16 out of 20 registered participants active on the first trading day. The participants came from Serbia, neighboring countries, and the European Union. The SEEPEX intraday market now has 32 participants.
With the launch of the IDC market, SEEPEX became the first organized market in the region to fully implement all aspects of an organized market, according to company’s CEO Miloš Mladenović.
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