Electricity

North Macedonia needs service provider for power exchange trading platform

memo-power-exchange-trading-platform-tendering

Photo: Unsplash

Published

September 15, 2020

Country

Comments

0

Share

Published:

September 15, 2020

Country:

Comments:

0

Share

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.

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

Monsson-merge-wind-farm-PV-unit-Romania-hybrid-power-plant-storage

Monsson to merge its wind farm, PV unit in Romania into hybrid power plant with storage

20 February 2024 - Monsson Group is developing a hybrid wind-solar-storage project with the largest battery energy storage system in Romania

kozloduy hyndai nuclear unit

Hyundai shortlisted for installing new nuclear units in Kozloduy

20 February 2024 - Bulgaria has called on potential contractors to express interest in the construction of a new nuclear power plant with AP1000 technology

GGF UniCredit Bank Serbia EUR 50 million renewables loan

GGF deepens cooperation with UniCredit Bank Serbia with EUR 50 million renewables loan

20 February 2024 - UniCredit Bank Serbia obtained a EUR 50 million loan from GGF for utility-scale renewables projects, strengthening its ties with the fund

EU approves EUR 6 9 billion state aid for hydrogen infrastructure

EU approves EUR 6.9 billion in state aid for hydrogen infrastructure

19 February 2024 - Strategic hydrogen project IPCEI Hy2Infra, which seven EU member states developed jointly, got a green light from the European Commission