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.