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 italy admir sahmanovic subsea cable solar wind

4 GW of solar, wind projects in pipeline in Montenegro – minister

04 April 2025 - Speaking at the Economic Dialogue Montenegro-Italy round table, minister Admir Šahmanović called for stronger cooperation between the two countries

Share coal power Finland nearly zero cogeneration plant shuts down

Share of coal power in Finland nearly zero as cogeneration plant shuts down

03 April 2025 - The now closed Salmisaari coal plant accounted for just 0.8% of the electricity mix in Finland together with three remaining ones

solar nuclear power prices europe eurelectric

Solar, nuclear lower Europe’s power prices by 30% in March

03 April 2025 - Solar broke a record in power generation in March for the third consecutive month, making up more than 10% of Europe’s electricity mix, Eurelectric said

PPC announces 5.8 billion plan for Western Macedonia, focused on photovoltaics, storage and data centers

PPC plans EUR 5.8 billion makeover of Western Macedonia coal region, including data centers

03 April 2025 - PPC presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece