Electricity

North Macedonia appoints MEMO to be organized electricity market operator

nemo-memo-macedonia-electricity-market

Slika: Unsplash

Published

September 14, 2020

Country

Comments

0

Share

Published:

September 14, 2020

Country:

Comments:

0

Share

The Government of North Macedonia has appointed Macedonian Electricity Market Operator (MEMO) to be the nominated electricity market operator (NEMO) or organized electricity market operator.

The government has designated MEMO to be the country’s organized electricity market operator, upon the proposal by the Energy Regulatory Commission, according to the government’s website.

The request has been awaiting the new government, which was selected at the end of August.

The designation of NEMO is one of the steps in establishing an operational day-ahead market in North Macedonia as well as market coupling between the Balkan country and the EU states. The ultimate goal is to have an integrated electricity market.

North Macedonia is in the process of establishing a power exchange company

So far only Serbia has a day-ahead market. According to the Energy Transition Tracker, North Macedonia is in the process of establishing a power exchange company.

In March 2019, the transmission system operators (TSOs) of Bulgaria, North Macedonia, and Albania signed a memorandum of understanding which envisaged day-ahead market coupling. North Macedonia and Bulgaria signed a bilateral MoU on electricity day-ahead market coupling in May 2018.

MEMO became operational on October 1, 2019, a year after it was established as a spin-off from the MEPSO, the domestic TSO. The government’s decree on the activities of the organized market operator, including the necessary technical, staffing and financial conditions, was adopted in late October 2019.

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

EPCG-dividends

EPCG to pay EUR 30.8 million in dividends

23 July 2021 - Montenegrin state power utility EPCG has decided to pay EUR 30.8 million in dividends to shareholders from retained earnings.

green-energy-AoG-Greece-aluminum

Greece’s biggest power consumer AoG to switch entirely to green energy from 2030

23 July 2021 - Aluminum of Greece (AoG), the country’s biggest electricity consumer, plans to switch entirely to green energy from 2030, as it signs its last electricity supply deal with Public Power Corporation.

coric-croatia-new-unit-nuclear-power-plant

Croatia willing to help build new unit of Slovenia’s nuclear power plant Krško

22 July 2021 - Croatia will express its interest in being a partner in the construction of a new unit of Slovenia's nuclear power plant Krško, says Tomislav Ćorić.

Slovenia Vizjak referendum energy future

Slovenia’s Vizjak proposes referendum on country’s energy future

21 July 2021 - Minister Andrej Vizjak said a plebiscite should be held on Slovenia's overall energy plans and not just on the second nuclear reactor for Krško