News

HROTE to trade green power on CROPEX from next year

Published

May 20, 2016

Comments

0

Share

Published:

May 20, 2016

Comments:

0

Share

Croatian Energy Market Operator (HROTE) confirmed to SeeNews it will start trading large amounts of electricity from renewable sources on the country’s power exchange CROPEX in the beginning of next year.

In line with the Law on Renewable Energy Sources and Highly Efficient Cogeneration adopted in parliament in September, HROTE will act as a balance responsible party for renewable energy projects within the feed-in scheme in Croatia and will sell on the power from renewables from January 1, a spokesperson told SeeNews in response to an emailed inquiry. This move is expected to provide a big boost to liquidity on CROPEX, the article adds.

Currently, electricity suppliers are obliged to purchase electricity from renewable sources under the feed-in scheme from Hrote at regulated prices. The regulator has named CROPEX, which was launched in February, as a nominated electricity market operator (NEMO) for a single day-ahead and intraday market coupling for the next four years.

In other news, on May 19 CROPEX marked the 100th day of continuous trading on its day-ahead market with total volume of 100.7 GWh. Average daily volume for the first half of the period was 544 MWh, and for the other 50 days it increased to 1.47 GWh.

Related Articles

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

New applications Greece 3 3 GWh energy storage November

New applications in Greece for 3.3 GWh of energy storage in November

02 December 2022 - Greek energy regulator RAE received 44 applications for energy storage projects in November

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid

future of heat pumps iea report

IEA: Global energy crisis is driving surge in heat pumps

01 December 2022 - Sales of heat pumps will soar to record levels in the coming years as the energy crisis accelerated their deployment