Electricity

Montenegro to establish power exchange

Photo: Pixabay

Published

November 2, 2016

Country

Comments

0

Share

Published:

November 2, 2016

Country:

Comments:

0

Share

The Government of Montenegro has adopted a plan for establishing Montenegrin power exchange in 2017 by local companies COTEE, CGES and EPCG.

The plan of the Montenegro Electricity Market Operator  (COTEE) for the next year, accepted by the Government, states that the company is authorised to conclude the contract with the Montenegrin Power Transmission System (CGES) and Montenegrin Electric Power Company Elektroprivreda (EPCG) on the establishment of a limited liability company. This company is to establish the power exchange that would further allow retail competition in the supply of electricity to end-use customers, reports Podgorica based daily Pobjeda.

The Government’s decision stipulates that COTEE and CGES will hold two-thirds of the stake in the new company with minimum initial capital of EUR 100,000, whereas COTEE is to invest EUR 50,000. Other energy entities in the country, besides EPCG, can be also offered to participate in the third founder’s equity.

The COTEE representatives have stated that there is no retail competition in the supply of electricity to end-use customers yet and that the application of the new regulations should indicate if the existing solutions are adequate or they have to be changed.

At this point, EPCG is the only active supplier of electricity on the Montenegrin market, while Uniprom Nikšić is the other market participant having the role of a buyer supplier that provides electricity for its company Aluminium Plant Podgorica (KAP).

In May this year the European Commission expressed disappointment that Montenegro had not yet established power exchange thus not being part of any regional project. As one of the measures, the state of Montenegro was suggested to connect with at least one of the neighbouring markets.

So far  Serbia established power exchange, as well as Croatia and Slovenia. Slovenia has the longest experience when it comes to balancing market since its BSP SouthPool was founded back in 2008. The Serbian SEEPEX and Croatian CROPEX began trading this year.

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

Hidroelectrica-IPO-Bucharest-Stock-Exchange-July

Hidroelectrica to conduct IPO on Bucharest Stock Exchange in July

07 June 2023 - Fondul Proprietatea intends to sell most of its 19.94% ownership of state-owned Hidroelectrica or the entire stake

Albania, Republic of Srpska sign agreements for activating national guarantees of origins registries

Albania, Republic of Srpska roll out registries for guarantees of origin

07 June 2023 - Now they can start issuing GOs and engage in trading in line with EU rules, the Energy Community Secretariat said

KESH-Vau-i-Dejes-Albania-seeks-contractor-second-PV-plant-hydropower-dam

Albania seeks contractor for second PV plant on hydropower dam

07 June 2023 - KESH is receiving bids for a solar power project on its Zadeja dam, belonging to hydropower plant Vau i Dejës

Solida Construction work Croatia first agrisolar power plant

Construction work begins on Croatia’s first agrisolar power plant

06 June 2023 - Solar power developer Solida is pioneering the application of the agrivoltaic-agrisolar concept in Croatia