North Macedonia plans to establish a power exchange with a trading platform provided by a third party.
The government has appointed Macedonian Electricity Market Operator (MEMO) to be the nominated electricity market operator (NEMO) or organized electricity market operator.
After the appointment of MEMO as NEMO, the next step is a tender for the trading platform
According to the Energy Community Secretariat, as a next step, MEMO will launch a tendering procedure for the selection of a service provider for the trading platform for the day-ahead market.
Serbia is the only country in the region with an active power exchange, but there are a lot of activities in the other countries for the establishment of day-ahead markets. In Montenegro, negotiations are underway with strategic partners, while in Albania the establishment of the company which will operate power exchange is ongoing.
MEMO became the first market operator in the Energy Community to be designated in line with the requirements of the EU CACM Regulation
The establishment and operationalization of MEMO as an organized electricity market operator in North Macedonia was supported by technical assistance projects under the WB6 regional energy market connectivity initiative, implemented by the Energy Community Secretariat and funded by the European Commission.
The latest move makes MEMO the first market operator in the Energy Community to be designated in line with the requirements of the EU Capacity Allocation and Congestion Management (CACM) Regulation, according to the secretariat’s website.
It will support the implementation of a market coupling project between North Macedonia and Bulgaria, initiated under the auspices of the secretariat and envisaged to be launched in the third quarter of 2021.