Italy-Montenegro yearly capacity auction offer lands at 140 MW

submarine interconnection


December 9, 2019






December 9, 2019





Following the launch of the interconnection across the Adriatic Sea, the Coordinated Auction Office in South East Europe or SEE CAO started the auction process for 2020 by offering the capacity of 140 MW in both ways. The operator received bids for the allocation of physical transmission rights (PTRs).

After the announcement of the provisional results of the auction, the window for appeals is closing on December 13. The annual transaction is due to be settled four days later.

Invoices for January and February alone are planned to be issued also on December 17 and the payment period expires on the last day of the year. Further on with regard to the monthly auctions, invoices are scheduled for early in the month for two months in advance. The payment period is until mid-month, with variations for workdays.

The auctions and the transfer of long-term transmission rights refer only to the so-called cross-zonal capacity. There is a possibility to perform joint auctions of cross-zonal capacity of several bidding zones’ borders and directions, according to the rulebook.

There is a possibility to perform joint auctions of cross-zonal capacity of several bidding zones’ borders and directions

The specification for the January operation is marked for publishing on December 18, with the gate opening two days later. Holders of long-term transmission rights can transfer some or all of them to another participant once the auction results are final. They have the obligation to notify the allocation platform. The minimum volume is 1 MW over one hour.

The transmission system operator for Italy’s CSUD zone is Terna, and its Montenegrin counterpart is CGES. The submarine power interconnector between the two countries was activated last month. The project was worth EUR 1.15 billion. Presidents Sergio Mattarella and Milo Đukanović formally switched the cable on.

The cable connects substations in Cepagatti, in the Italian province of Pescara, and Lastva, in the municipality of Kotor in Montenegro’s southwest. The link’s land portion is mostly underground. The capacity, now at 600 MW, should be doubled in the next few years with another cable.

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

NIS will produce green and blue hydrogen at refinery in Banat region

NIS to produce green, blue hydrogen near its refinery in northeast Serbia

23 March 2023 - NIS has extended the public call for the design and technical documentation development for a hydrogen production plant


Balkans mostly lag behind 2022 global renewables growth but solar power picks up pace

22 March 2023 - The world added a record 295 GW of renewable electricity capacity last year, increasing the stock by 9.6%, IRENA said

Fintel selects Windey preferred supplier giant wind park Serbia

Fintel selects Windey as preferred supplier for giant wind park in Serbia

21 March 2023 - Italy-based Fintel intends to purchase wind turbines from Zhejiang Windey for its 854 MW Maestrale Ring project in north Serbia

Cyprus power grid can t handle more renewables without upgrades storage

Cyprus power grid can’t handle more renewables without upgrades, storage

21 March 2023 - Without improvements, grid operator TSOC will be disconnecting renewable electricity units more often as the share of green energy grows