Electricity

Industry’s participation in power market to be discussed at meeting organized by SEEPEX, PKS

SEEPEX-PKS-industry-participation-electricity-market-workshop

Photo: SEEPEX

Published

February 16, 2024

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Published:

February 16, 2024

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The Serbian Chamber of Commerce (PKS) and Serbian power exchange SEEPEX are organizing a discussion on the participation of industry in the electricity market. The workshop, taking place on Tuesday, February 27 at the PKS premises, aims to open a dialogue between all stakeholders on the further development of Serbia’s electricity market.

The aim is to familiarize all interested parties with the further development of the electricity market in Serbia, the trends in wholesale prices in the previous period, and projections for the upcoming period (register here). The workshop will also address modalities for the active participation of industry and renewable energy producers in the electricity market, types and applications of power purchase agreements (PPA), as well as trends and priorities in the European Union (EU) in light of the electricity market design reform.

According to SEEPEX, the electricity market liberalization has improved the efficiency of power systems, options to choose suppliers, standards of services, and the security of supply, ultimately increasing the competitiveness of the country’s economy. Industrial consumers, SEEPEX added, played a key role in that process.

The economy could reap more benefits from opportunities provided by the power exchange

It is evident that the opportunities and advantages offered by the power exchange, or the organized electricity market, are underutilized by industry in Serbia, creating the need for additional education and capacity building of all stakeholders in this area, according to SEEPEX.

The green agenda, or the decarbonization of the energy sector, has led to the development and integration of large amounts of renewable energy capacities, a trend that will continue to an even greater extent in the future.

Traditional investment models have proven to be insufficient and ineffective

Traditional models of investment in renewable energy projects have proven to be insufficient and ineffective in the current electricity market, so it is necessary to find new ways of financing such projects, with a more efficient market approach, the PKS said.

The possibilities are numerous and diverse, with the application of various types of PPAs and additional insurance through financial derivatives.

An important goal is to create conditions for establishing a direct link between industry and renewable energy sources, which would enable stable electricity prices in the long-term, both for industry and for investors in renewable energy sources, according to the organizers.

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