Electricity

Macedonia to sign MoU with Bulgaria on coupling day-ahead markets

Macedonia to sign MoU with Bulgaria on coupling day-ahead markets

Photo: vlada.mk

Published

April 13, 2018

Country

Comments

comments icon

0

Share

Published:

April 13, 2018

Country:

Comments:

comments icon

0

Share

Former Yugoslav Republic of Macedonia’s government (FYROM) has accepted the proposed text of a Memorandum of Understanding (MoU) on coupling the day-ahead electricity markets of the two countries.

This initiative will enable FYROM to join the internal electricity market of South-East Europe (SEE) and it will bring new business opportunities and cross-border trade in order to achieve efficiency, competitive prices and higher service standards, the government said in a statement after the meeting earlier this week.

It was concluded that this document is the result of liberalization of the energy sector in the country. The Draft Law on Energy, which envisages full liberalization of the energy sector, is expected to be submitted to the parliament very soon. Deputy Prime Minister for Economic Affairs Kočo Angušev said that this law is harmonized with five European directives and three European regulations, and will enable complete liberalization of the energy sector.

In its latest WB6 report on electricity, the Energy Community (EnC) Secretariat said that Western Balkans 6 (WB6) countries shifted from activities to develop national day-ahead markets towards finding an efficient solution that will secure rapid introduction of day-ahead market processes and coupling with neighboring markets.

According to the report, the majority of the parties were initially opting for establishing their own national day-ahead market, but now the focus has shifted towards finding an efficient solution through partnerships that will ensure swift implementation of day-ahead market processes and coupling with neighboring markets.

Earlier this week, with the introduction of intraday market (IDM) segment, the Independent Bulgarian Energy Exchange (IBEX) completed its trading platform along with day-ahead trading and long-term contracts.

In January, the Bulgarian Stock Exchange (BSE) completed the acquisition of IBEX for 5.2 million levs (EUR 2.7 million).

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

CEO Kosovo TSO KOSTT Zeqiri dismissed allegations abuse of office

CEO of Kosovo* TSO KOSTT dismissed amid allegations of abuse of office

29 April 2025 - KOSTT fired CEO Evetar Zeqiri after a complaint that former board members sent to the Special Prosecutor's Office surfaced in the media

bih solar wind projects tso nosbih electricity generation plan

Investors in BiH developing 3,800 MW of wind, 12,500 MW of solar

29 April 2025 - The projections are from the indicative plan for the development of production 2026-2035, published by TSO NOSBiH

North Macedonia MEPSO contractor power line Albanian border

North Macedonia’s MEPSO seeks contractor for power line to Albanian border

29 April 2025 - MEPSO launched a tender for a 400 kV transmission line, the North Macedonian part of a planned interconnection with Albania

Electricity system Spain Portugal collapses from unknown cause

Electricity system in Spain, Portugal collapses amid extreme temperature variations

28 April 2025 - Power was out today throughout Spain and Portugal, in Andorra and parts of southern France amid one of the most serious outages so far