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

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.