News

Seepex aims launch of day-ahead market by end-November

Published

July 14, 2015

Comments

0

Share

Published:

July 14, 2015

Comments:

0

Share

Operator of electric power exchange for Serbia and Southeastern Europe was signed up at the Business Registers Agency, state-owned electricity grid operator EMS said. Regulation and application procedure for future members will be known by the end of August, and the system’s testing is scheduled for September, the press release said.

South Eastern European Power Exchange (Seepex) targets the launch of the Serbian day-ahead market in November, subject to successful member testing and regulatory approval, Mondo Visione portal reported earlier. This was announced during a workshop with future members held on June 24, where Serbian, regional and European electricity market participants underlined their interest in joining an organized market in Serbia.

The platform is a joint venture of EMS and the European Power Exchange EPEX Spot. The operations of Seepex will rely on the trading system ETS, used by EPEX Spot for its own markets. Clearing and settlement shall be performed by European Commodity Clearing. This also allows for an efficient and fast adherence to existing market initiatives such as the 4M Market Coupling or the Multi-Regional Coupling, stretching already across countries covering 85% of European electricity consumption, the report said.

Nikola Petrović, general manager of EMS, said in March 2014 that EPEX Spot, an exchange for power spot trading in Germany, France, Austria and Switzerland, will have a 25% share in Seepex, with EMS holding the remainder.

Related Articles

Scientists warn rainwater unsafe to drink

Scientists warn rainwater is unsafe to drink

11 August 2022 - The levels of so-called forever chemicals in rainwater exceed the most stringent standards developed by health and environmental agencies

unpaid-electricty-bills-kosovo-kostt

Kosovo* allocates EUR 40 million to cover unpaid electricity bills in northern municipalities

11 August 2022 - Residents of the four Serb-majority municipalities in the north of Kosovo* have not been paying electricity bills for over two decades

SEEPEX chief Power prices Southeastern Europe EUR 500 MWh fourth quarter

SEEPEX chief: Power prices in Southeastern Europe reach EUR 500 per MWh for Q4 2022

11 August 2022 - Futures for settlement in the fourth quarter indicate an electricity price in Southeastern Europe of EUR 500 per MWh, chief of SEEPEX Miloš Mladenović said

PPC-Renewables-Greece-solar-panels

PPC Renewables invites bids for building Greece’s biggest solar power plant

11 August 2022 - With an installed capacity of 550 MW, the future solar plant will be the biggest in Greece and one the largest in Europe