Electricity

Italians join WB6 initiative for energy market integration

Photo: Ministry of Economic Development of Italy

Published

July 13, 2017

Country

Comments

comments icon

0

Share

Published:

July 13, 2017

Country:

Comments:

comments icon

0

Share

The Italian Ministry of Economic Development has joined the Western Balkan 6 (WB6) regional electricity market integration initiative, becoming thus the thirteenth EU stakeholder to join, the Energy Community announced.

The WB6 Memorandum of Understanding (MoU) on regional electricity market development was signed by Italian Minister of Economic Development Carlo Calenda on the occasion of the WB 6 Summit on July 12 in Trieste.

This is the first time that the MoU was signed by an EU Member State at ministerial level.

“What we have signed today is a significant achievement in supporting this initiative for the market coupling among the EU and the WB6. We hope that also other Ministries of EU neighboring Member States will soon join an initiative which will bring many benefits to the energy market in this region and will facilitate market integration,” Calenda said.

Director of Energy Community Secretariat Janez Kopač said that Italy is the frontrunner from EU side in terms of market coupling with the Western Balkans, adding that the Italian national energy regulator was the first EU stakeholder to sign the MoU in September 2016.

“Today’s signature will contribute to the success of market coupling and balancing in the region, and should set an example for ministries from other neighboring EU Member States as well. In concrete terms, it will help to facilitate market coupling of Italy with the Western Balkans as one of the key steps towards cross-border trade through the submarine cable between Italy and Montenegro,” he said.

The MoU was originally signed by the WB6 members of the Energy Community in April 2016. Since then, it has evolved into a common platform of cooperation between WB6 and EU Member States on coupling their day-ahead and balancing markets.

Apart of the Italian energy regulator and Ministry of Economic Development, the initiative was joined by nine more stakeholders from the EU: the Croatian Power Exchange CROPEX, the Romanian transmission system operator Transelectrica, the Greek transmission system operator IPTO and market operator Lagie, three Hungarian stakeholders – the Energy and Public Utility Regulatory Authority, the Independent Transmission Operator MAVIR and the Power Exchange HUPX, and three Bulgarian stakeholders, namely the national regulatory authority KEVR, the transmission system operator ESO and the power exchange IBEX.

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

Horius exclusive distributor PupinEnergy chargers Serbia

Horius becomes exclusive distributor of PupinEnergy chargers for Serbia

25 April 2025 - Horius signed an exclusive agreement and became the authorized distributor of PupinEnergy AC electric vehicle chargers in Serbia

romania ccgt power plants entso mintia burduja

Romania’s plan to install 2.15 GW of gas power plants isn’t viable

25 April 2025 - The evaluation is part of ENTSO-E’s annual assessment of Europe’s security of electricity supply for the ten years ahead

Project Albania first gas power plant enters next stage

Project for first gas power plant in Albania enters next stage

25 April 2025 - Greece-based GEK Terna and DEPA Commercial are preparing to build the first gas power plant in Albania, with local partner Gener 2

catl Naxtra Battery sodium ion lithium

CATL: World’s first mass-produced sodium ion battery is here

25 April 2025 - Naxtra breaks resource constraints and strengthens the foundation of the new energy industry, according to CATL