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

0

Share

Published:

October 21, 2021

Country:

Comments:

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

Renera-kicks-off-50-MW-floating-solar-power-project-Romania

Renera kicks off 50 MW floating solar power project in Romania

24 April 2024 - Renera Energy is developing a 50 MW floating photovoltaic project in Romania. It would now probably be the biggest in Europe.

Renewables-Greece-get-shortcut-grid-connection-PPAs

Renewables in Greece get shortcut to grid connection with PPAs

23 April 2024 - Renewables projects in Greece with PPAs with energy-intensive industrial consumers get priority in the transmission grid connection queue

Brite Solar agrisolar panel plant Greece 2024

Brite Solar to complete agrisolar panel plant in Greece by end-2024

23 April 2024 - Greek startup Brite Solar is building a production line in Patras for transparent solar panels for agrivoltaic production

green wolt scotland floating wind farm

Green Volt, world’s largest floating wind project, obtains planning approval

23 April 2024 - The project has now received all its planning approvals and remains on track to be the first commercial-scale offshore wind farm in Europe