Electricity

Macedonia, Bulgaria ink MoU to develop regulatory basis for day-ahead market coupling

Photo: Ministry of Energy of Bulgaria

Published

May 22, 2018

Comments

0

Share

Published:

May 22, 2018

Comments:

0

Share

The former Yugoslav Republic of Macedonia and Bulgaria have signed a memorandum of understanding (MoU) on electricity day-ahead market coupling, as part of plans to complete the coupling in the second quarter of 2019.

The MoU, inked by Macedonian Minister of Economy Kreshnik Bekteshi and Bulgarian Minister of Energy Temenuzhka Petkova, is aimed at creating “an equal legal and regulatory basis” for day-ahead market coupling between the two countries “under non-discriminatory and fair conditions,” the Bulgarian Ministry of Energy said in a press release.

“One of the goals of the initiative is for our country to join the internal electricity market in South-East Europe (SEE) in order to offer market participants new business opportunities for cross-border trade in order to achieve efficiency, competitive prices and higher standards of services,” said Bekteshi, according to a press release from the Macedonian Ministry of Economy.

The memorandum was signed in the presence of Bulgarian Prime Minister Boyko Borissov and his Macedonian counterpart, Zoran Zaev, (both pictured) under the auspices of the WB6 energy connectivity initiative facilitated by the Energy Community’s Secretariat.

“This is the first concrete step towards regional electricity market coupling. Yet to make this first step truly meaningful, legal and regulatory barriers in both the Energy Community Contracting Parties and EU Member States must be removed,” said Secretariat Deputy Director Dirk Buschle, who took part in the signing ceremony, according to a press release from the Secretariat. “All stakeholders must make continuous efforts to ensure the full implementation of the Third Energy Package network codes and guidelines and conclude the Energy Community Treaty reform process,” he added.

The signature was preceded by an MoU on the coupling of the two day-ahead markets, finalized between the two countries’ transmission system operators, power exchanges, and regulatory authorities, the Secretariat recalled.

The previous MoU was signed in April Independent Bulgarian Energy Exchange (IBEX) EAD, Electricity Transmission System Operator (TSO) of Macedonia (MEPSO), the Energy Regulatory Commission of Macedonia and the Electricity System Operator (ESO) EAD of Bulgaria.

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

Artur Lorkowski energy community director

Polish diplomat Artur Lorkowski new director of Energy Community

03 December 2021 - Artur Lorkowski will lead the Energy Community Secretariat over the next three year. He replaced Janez Kopač after his nine-year tenure

RES Foundation conference subsidies poor households net zero heating

RES Foundation conference: More subsidies for poor households needed to get to net zero heating

02 December 2021 - Vulnerable households in the Western Balkans often can't afford renovation or to replace old heating stoves and boilers even with a 50% subsidy

ERS power utility gets nod to issue bonds on Vienna Stock Exchange

ERS power utility gets nod to issue bonds on Vienna Stock Exchange

02 December 2021 - It is a good test for ERS to check on the international financial market whether there is interest in buying its bonds

Renewable energy projects 95 GW compete Greece

Renewable energy projects of 95 GW compete for completion in Greece

02 December 2021 - An overwhelming number of renewable energy projects received a production license or a producer certificate in Greece so far