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SEE CAO enters second year of operation

Published

December 17, 2015

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Published:

December 17, 2015

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Coordinated Auction Office in South East Europe – SEE CAO said it completed auctions for electricity for January, after in late November yearly auctions for 2016 were finished, one year into operation. Complete sequence of borders from Croatia to Turkey is included for the first time in coordinated capacity allocation procedure.

The anniversary of coordinated auctions was marked with high-level representatives from shareholding companies – transmission system operators, the Energy Community Secretariat, international financial institutions which supported the project, and the Ministry of Economy of Montenegro. The ceremony took place in Bečići, Montenegro, on December 8.

Yearly auctions were launched in November 2014. SEE CAO included the borders between Croatia, Bosnia and Herzegovina, Montenegro, Albania, Greece and Turkey. The entity based in Podgorica said it achieved its goal – to be a one-stop-shop for transmission capacity allocation in the region. With the implementation of Regulation (EC) No 714/2009 of the European Parliament and of the Council in the Energy Community Contracting Parties, SEE CAO said it has proven its role for open and competitive electricity market. Nevertheless, in order to complete the regional perimeter, its shareholders are open and ready to enroll the remaining transmission system operators, it said on its website.

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