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




February 16, 2024






February 16, 2024





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.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

European Parliament passes electricity gas market reform

European Parliament passes electricity, gas market reform

12 April 2024 - European lawmakers adopted the energy market design reform proposal to facilitate decarbonization and ease the impact of sharp price swings

Vladimir Malinov Bulgaria caretaker cabinet quits Bulgartransgaz CEO

Vladimir Malinov joins Bulgaria’s caretaker cabinet, quits as Bulgartransgaz CEO

11 April 2024 - Dimitar Glavchev's interim Council of Ministers of Bulgaria includes Acting Minister of Energy Vladimir Malinov

Europe largest solar farm Witznitz eastern Germany

Europe’s largest solar farm Witznitz commissioned in eastern Germany

11 April 2024 - Hansainvest and developer Move On inaugurated the Witznitz solar park of 605 MW in peak capacity on coal land near Leipzig in Germany

Romania offshore wind energy law first megawatts 2032

Romania adopts offshore wind energy law to get first megawatts in 2032

10 April 2024 - More than two thirds of lawmakers voted for Romania's first offshore wind energy law, aimed at getting the first turbines online in 2032