Electricity

Power exchange in Montenegro to become operational in H2 2022

Power exchange in Montenegro to become operational in second half of 2022 belen mepx

Photo: BELEN

Published

October 21, 2021

Country

Comments

comments icon

0

Share

Published:

October 21, 2021

Country:

Comments:

comments icon

0

Share

Montenegrin power exchange (MEPX) operator Berza Električne Energije (BELEN), the European Power Exchange – EPEX SPOT, and Slovenian power exchange BSP SouthPool have signed a service agreement for the creation of the day-ahead power market at the MEPX.

After a few years of preparations and two tenders, MEPX has finally managed to find a partner. Albania, Kosovo*, Montenegro, and North Macedonia, contracting parties of the Energy Community, have been trying to establish power exchanges for several years, and now one of them has made a breakthrough.

BELEN, EPEX SPOT, and BSP SouthPool have committed to developing a transparent and efficient power market, enabling Montenegro to couple with neighbouring countries according to the European Internal Energy Market (IEM) standards, MEPX said in a press release.

BELEN’s plan is to initiate coupling with neighbouring markets from the very beginning of the day-ahead market operation

The cooperation will include establishing processes and procedures required to operate a national day-ahead market in Montenegro, market coupling, and day-ahead clearing and settlement processes. BELEN said that the Montenegrin day-ahead power market (DAM) is planned to become operational in the second half of 2022.

BELEN plans to initiate coupling with neighbouring markets from the beginning of the day-ahead market operation to enhance regional electricity market integration and ensure a robust price signal.

Medojević: MEPX’s goal is to implement market coupling with at least one neighbouring country

Matija Medojević, CEO of MEPX, said its goals include electricity market coupling with at least one neighbouring country, along with a later establishment of intraday and futures markets.

“EPEX SPOT is pleased about this new service agreement which will enable our partners to benefit from the proven trading and clearing solutions provided by EPEX SPOT,” said Juan Perez, Director of Strategy of EPEX SPOT.

In March 2019, BELEN selected Nord Pool to establish a day-ahead electricity market in Montenegro, but negotiations were apparently unsuccessful.

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

Montenegro determines quota maximum price for solar power auction

Montenegro determines quota, maximum price for solar power auction

06 July 2025 - The participants in the forthcoming auction for solar power projects in Montenegro will bid for state support for a total of 250 MW

Open call for green hydrogen combined heat and power pilot project in Western Macedonia

Open call for green hydrogen high-efficiency CHP pilot plant in northern Greece

04 July 2025 - The Greek government has opened a call for a pilot CHP unit in Western Macedonia that would run on green hydrogen

Foreign renewable energy investors remain committed to Romania as large plants coming online

Foreign renewable energy investors remain committed to Romania as large plants coming online

04 July 2025 - Renewable energy companies from abroad aren't intimidated by negative power prices in Romania, especially with the BESS segment accelerating

projects euros modernisation fund celan energy

EU’s Modernisation Fund disburses EUR 3.66 billion for clean energy projects in nine countries

04 July 2025 - Focusing on renewables, grids, storage, and energy efficiency, the funds will support projects in Croatia, Slovenia, Greece, and Romania.