Electricity

SEEPEX signs market maker contract with Elektroprivreda Srbije

seepex eps market maker intraday market

Photo: iStock

Published

October 30, 2023

Country

Comments

comments icon

0

Share

Published:

October 30, 2023

Country:

Comments:

comments icon

0

Share

Serbian electricity exchange SEEPEX agreed with Elektroprivreda Srbije to enhance the liquidity of intraday trading, which is crucial for the development of renewable energy projects.

SEEPEX has announced that it has signed a market maker agreement for the intraday continuous market with joint stock company Elektroprivreda Srbije (EPS), the state-owned power producer and supplier.

The deal is aimed at enhancing the liquidity of the SEEPEX intraday continuous market, the power exchange said. It will take effect on November 1, 2023 as the first trading day.

“The market maker agreement entails that Elektroprivreda Srbije will regularly submit both buy and sell orders throughout the day. It will facilitate an easier integration of renewable energy sources,” SEEPEX stressed.

EPS will provide both buy and sell orders to always have a closed transaction

Dejan Stojčevski, Chief Operating Officer of SEEPEX, told Balkan Green Energy News that the aim is to increase the liquidity of the intraday market and make it easier for producers of electricity from renewable sources to sell their commodity on the market.

EPS will offer both to purchase and sell electricity to always close a transaction and determine a reference price for the hour in which the trade took place, Stojčevski explained.

This way, in his view, future investors in renewable energy will ensure the placement of their electricity.

EPS is helping SEEPEX with the deal, but also getting benefits from the status

EPS is helping SEEPEX with the new agreement, but it is also beneficial for the state-owned supplier as it gets to buy and sell electricity on the intraday market, Stojčevski added.

Of note, SEEPEX launched the intraday market at the end of July.

The go-live of the SEEPEX continuous intraday market marks the first significant and concrete result of the synergy created within the ADEX Group and the continuation of providing top-notch services to market participants in line with the best European practices in trading and clearing solutions, according to the exchange.

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

Serbia EPS PPAs wind parks Alibunar 1 Alibunar 2

Serbia’s EPS signs PPAs for wind parks Alibunar 1, Alibunar 2

08 May 2025 - Serbia's state-owned Elektroprivreda Srbije will offtake electricity from future wind parks Alibunar 1 and Alibunar 2, of 168 MW in total.

Serbia’s TSO EMS signs grid connection contracts for 11 renewable power plants

08 May 2025 - TSO Elektromreža Srbije said the contracts were signed after the second interval for the preparation of grid connection studies

Europe record battery storage capacity growth 2024 expansion slows

Europe has record battery storage capacity growth in 2024 but expansion slows

08 May 2025 - The leap in new battery storage capacity in Europe last year wasn't as impressive as in the previous years

croatia hep floating solar hpp dubrava

Croatia’s HEP to install first floating PV plant on reservoir of HPP Dubrava

07 May 2025 - State-owned company Hrvatska Elektroprivreda (HEP) has already installed one photovoltaic facility near its HPP Dubrava