Electricity

Serbia’s SEEPEX exchange to launch intraday electricity market in June

Serbia SEEPEX exchange launch intraday electricity market June

Photo: Neil Crook from Pixabay

Published

February 28, 2023

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Published:

February 28, 2023

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As part of the preparations for the launch of a continuous intraday electricity market at the SEEPEX exchange in Serbia in June, a series of events and workshops will be held to promote the platform. The first conference is scheduled for March 28 in Belgrade.

SEEPEX, the only power exchange in the Western Balkans, said it is organizing a free public presentation of its intraday market, planned to be introduced in June. The conference will be held on March 28 at 10:00 at the premises of the Chamber of Commerce and Industry of Serbia (PKS) in Belgrade.

The development of a competitive, transparent and reliable intraday electricity market in Serbia and Southeast Europe will contribute to the increase in the trade volume in the entire region, the announcement adds. The operation of the continuous intraday market will rely on the M7 trading system while clearing and settlement will be performed by the European Commodity Clearing (ECC), SEEPEX said.

Next step is to join SIDC

At the very beginning, the new market will operate in the isolated mode, with the intention to join the European Union’s single cross-zonal intraday electricity market as soon as possible (Single Intraday Coupling – SIDC), according to the statement.

The conference, with expert lecturers from BSP and SEEPEX, will be the first in a row of events and workshops for the promotion of the continuous intraday electricity market, the Serbian exchange’s operator pointed out. Working languages will be Serbian and English and simultaneous interpretation will be provided.

Simultaneous interpretation will be provided between Serbian and English at the March 28 event

Intraday markets enable balancing almost in real time, which opens the way for an accelerated deployment of renewable electricity plants. Namely, the production of energy from sources like the wind and sun is heavily dependent on the weather.

Investors require a market environment with access to cross-border capacities, financial markets, bilateral markets, liquid day-ahead and intraday organized markets and imbalance markets to be able to harmonize output, supply and demand.

SEEPEX will be part of regional exchange ADEX

SEEPEX operates a day-ahead market. It introduced futures in 2019. It is merging with BSP SouthPool from Slovenia to form the Alpine-Adriatic Danube Power Exchange or ADEX. It is envisaged to cover Central and South-Eastern Europe. The immediate goals are to deliver an intraday market in Serbia and coupling the Serbian day-ahead market with the pan-European Single Day-Ahead Coupling (SDAC), the stakeholders said upon signing the agreement in December.

Last year the Government of Serbia appointed SEEPEX as the country’s nominated electricity market operator (NEMO), tasking it with coupling Serbia’s day-ahead and intraday markets with the neighboring organized electricity markets.

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