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

Montenegro EPCG Zoran Sljukic acting CEO

Montenegro’s EPCG appoints Zoran Šljukić as acting CEO

05 December 2023 - Chief Technical Officer of Montenegro's state-owned power utility EPCG Zoran Šljukić became acting CEO, replacing Nikola Rovčanin

Initiative Coal Regions Transition Western Balkans Ukraine leave behind

How can energy transition be just to people in coal regions

05 December 2023 - The authorities must act before people leave, according to the speakers at the annual meeting of the Initiative for coal regions in transition in the Western Balkans and Ukraine

frane barbaric HEP plenkovic resign natural gas

Croatia’s power utility HEP Group to get new board president

05 December 2023 - The Government of Croatia accepted the resignation of Frane Barbarić, who stepped down after it announced it would dismiss him

North Macedonia just energy transition platform EUR 3 billion

North Macedonia presents just energy transition platform worth EUR 3 billion

05 December 2023 - North Macedonia is preparing an investment plan for a coal phaseout by 2030, grid strengthening, new capacities and the just transition