The representatives of the Ministry of Energy and Mining of Montenegro met with representatives of Montenegrin power exchange BELEN, regional exchange ADEX, and European exchange EPEX Spot regarding the development of Montenegro’s electricity market and the country’s activities on its path to coupling with the European market.
Minister of Energy and Mining Admir Šahmanović met with the CEO of the Montenegrin power exchange BELEN (MEPX) Dejan Drašković, President of the Board of Directors of ADEX Anže Predovnik, and Juan Perez, Strategic Director of EPEX SPOT.
They agreed that Montenegro has achieved significant progress in the energy sector in the previous period, particularly in aligning the regulatory framework with the European Union’s rules and creating conditions for market integration, according to the Ministry of Mining and Energy.
Chapter 15 – Energy will soon be closed
Minister Admir Šahmanović stressed that behind this progress lies dedicated and continuous work by the ministry and all institutions and energy entities involved in this process.
“In the previous period, we worked hard to regulate the regulatory and institutional framework and fulfill obligations that bring Montenegro closer to the European energy market. Now it is important to bring that work to an end and confirm the achieved results with concrete steps forward,” he said.
Chapter 15 – Energy will soon be closed, which would represent an important confirmation of everything that has been done, but also a responsibility to continue even more strongly with the integration of the Montenegrin market into the European system, in his view.
During the meeting, the ministry highlighted support for further activities on electricity market coupling with Italy, which represents one of the key steps toward Montenegro’s full integration into European market flows.
The establishment of the intraday market will contribute to greater flexibility of the power system
As one of the concrete next steps in market modernization, Montenegro plans to launch the intraday electricity market segment in April 2027, the ministry stressed.
Its establishment will contribute to greater flexibility of the power system, more efficient electricity trading, and better utilization of available production capacities, with additional alignment with European market practices, the ministry explained.
The representatives of the ministry and three power exchanges discussed the next steps in this process and confirmed the importance of coordination among institutions, operators, and power exchanges.
The meeting was also attended by State Secretary Matija Medojević and Director-General of the Directorate for Electricity Zvjezdan Vujović.
