Electricity

Montenegrin power exchange BELEN to start trading toward year-end

Montenegrin-power-exchange-BELEN-to-start-trading

Photo: Pixabay

Published

June 16, 2020

Country

Comments

0

Share

Published:

June 16, 2020

Country:

Comments:

0

Share

Trading on the Montenegrin Power Exchange (MEPX) should start late in the year, said Dragana Radulović, PR and technical secretary of Berza Električne Energije (BELEN).

In March last year, BELEN selected Nord Pool as a partner in establishing a day-ahead electricity market in Montenegro.

Negotiations with Nord Pool are near completion

Negotiations with Nord Pool are progressing and are nearly complete, so it is expected that all necessary strategic partnership agreements with the power trading company will be signed during the second quarter of this year, said Radulović, as quoted by bulletin Elektroprivreda, published by power utility Elektroprivreda Crne Gore.

Cooperation includes support for the establishment of a national day-ahead market

Cooperation includes support for the establishment of procedures necessary for the implementation of the day-ahead market in Montenegro, connecting the market with neighboring countries and clearing and financial settlement processes.

In parallel with the negotiations, regulatory framework changes were prepared

Radulović said that in parallel with the negotiations, the changes of the regulatory framework were prepared to allow power exchange to be established as a new energy entity.

The adoption of the changes to the Law on Energy are expected soon, and changes to the Law on Value-Added Tax are also planned. The purpose of the changes is to facilitate the financial procedures for the trading on the power exchange, said Radulović.

Companies have shown interest in participating in the power exchange, especially due to the fact that a submarine cable connected Montenegro with the EU market

A few days ago, the Montenegrin government adopted the draft Law on Energy.

Companies have shown interest in participating in the power exchange, especially due to the fact that a submarine cable has enabled the physical connection of the Montenegrin market with the European market, Radulović said.

The interest comes from traders who are already present in the region, but also from ones that never did business on this side of the Adriatic Sea. They are active in the region, but also in the whole of Europe.

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

Romania coal fired thermal power plants

Romania erases new coal-fired thermal power plants from its plans

23 November 2020 - The Government of Romania claims no more coal power plants would be built and CE Oltenia hinted it is about to scrap the last such project.

federation of bih abolish feed in tariffs shpp

Federation of BiH to scrap feed-in tariffs for small hydropower plants from 2021

19 November 2020 - The government is preparing a set of regulatory amendments in order to prevent the adverse impact of small hydropower plants on the environment.

gornja drina brnabic viskovic joint statement buk bijela

Serbia, Republic of Srpska sign joint statement on Gornja Drina hydropower project

18 November 2020 - The construction of HPP Buk Bijela should take six years, and could start at the end of this year or at the beginning of the 2021.

UK gasoline diesel car ban to 2030 green plan

UK pushes forward gasoline, diesel car ban to 2030 in its green plan

18 November 2020 - The UK rolled out a green for pandemic recovery and moved the new fossil fuel–powered car sales ban target date from 2040 to 2030.