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

Bulgaria hints possible closure all coal-fired power plants mid 2025 Maritsa East

Bulgaria hints at possible closure of all coal-fired power plants by mid-2025

02 August 2021 - The current version of the National Recovery and Resilience Plan may lead to a rapid coal exit in Bulgaria as the Maritsa East complex would be shut down

Serbia EMS consultant EUR 59 million overhead power line

Serbia’s EMS seeks consultant for EUR 59 million overhead power line project

30 July 2021 - EMS will pick a consulting firm for the construction of a double circuit 400 kV overhead transmission line between Obrenovac and Bajina Bašta

croatia recovery resilience plan rimac ina

Croatia’s recovery and resilience plan: EUR 200 million for Rimac autonomous taxis

30 July 2021 - The country earmarked EUR 200 million from its recovery and resilience plan for Rimac's urban mobility ecosystem with electric autonomous taxis.

Bajgora wind park Kosovo linked grid overhead line

Bajgora wind park in Kosovo* linked to grid with 20-kilometer overhead line

29 July 2021 - KOSTT energized the 110 kV high-voltage line between substation Vushtrri 1 and wind power plant Bajgora of 105 MW, which is under construction