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

0

Share

Published:

April 13, 2018

Country:

Comments:

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

Solar power generation to increase ten times in Montenegro energy balance

Solar power generation to increase tenfold in Montenegro next year

25 November 2022 - According to the estimate in the Energy Balance of Montenegro for 2023, electricity production will drop 12.63% this year

Austria can reach 1,2 GW with additional solar in 2022

Austria set to add over 1 GW in solar power in 2022

25 November 2022 - Austria is on track to install more than 1 GW in photovoltaics this year and as much as 1.5 GW every year

Albania applications solar power 151 MW

Albania receives applications for solar power projects of 151 MW in total

25 November 2022 - Applications for solar power projects sent to the Ministry of Infrastructure and Energy of Albania include one of the largest ones so far, for 93 MW

coal phaseout see region iea

Coal phaseout in SEE: countries have made pledges, but some are still silent

24 November 2022 - The list of 40 countries with the largest shares of coal-fired power plants in electricity production includes eight in this region