Slovenia, Serbia to establish first regional power exchange ADEX

Slovenia, Serbia to establish first regional power exchange ADEX


April 4, 2022






April 4, 2022





Slovenian and Serbian transmission system operators (TSOs) ELES and Elektromreža Srbije (EMS), and EPEX SPOT have signed an agreement to establish the first regional power exchange for Central and South-Eastern Europe.

ELES, EMS, and EPEX SPOT have announced their joint commitment to establish the first regional power exchange for Central and South-Eastern Europe.

The newly founded Alpine-Adriatic Danube Power Exchange – ADEX – will offer harmonized one-stop-shop spot power trading services in Slovenia and Serbia, with the ambition to also extend the business and services to other countries in the Central and South-Eastern European (CSEE) region, the three companies said in a press release.

The agreement also foresees a merger between BSP Southpool and SEEPEX

The short-term milestones of ADEX will also be to deliver a new harmonized intraday market in Serbia and to couple the key Serbian Day-ahead market with the pan-European Single DayAhead Coupling (SDAC).

ADEX shares will be owned equally by ELES, EMS, and EPEX SPOT, while the agreement also foresees a merger between BSP Southpool and SEEPEX.

EPEX SPOT, ELES and EMS will have equal shares in ADEX

EPEX SPOT and TSOs ELES and EMS will act as founding shareholders of the newly established power exchange ADEX, with the company’s headquarters in Ljubljana and main permanent offices in Ljubljana and Belgrade, the press release reads.

In addition, ELES, EMS, and EPEX SPOT are in advanced talks with MAVIR, the Hungarian TSO.

Talks are underway on HUPX joining ADEX

“We are working closely with our partners for HUPX, the Hungarian Power Exchange, to join ADEX shortly,” explains András Biczók, CEO of Mavir.

The initiative remains open for all additional partners who would like to join ADEX to drive forward the integration of spot power markets in Central and South-Eastern Europe.

The completion of the merger will be subject to all applicable regulatory approvals and legal requirements.

Anyone interested is welcome to take part in this journey

“We upgrade the trading culture in our region by providing the highest trading standards, advanced technical solutions, excellent exchange services, transparency, and innovation,” says Aleksander Mervar, CEO of ELES and the President of ELES Group.

According to Jelena Matejić, EMS General Manager, this extraordinary achievement will boost regional electricity market development and provide an open-minded and sustainable role model for other CSEE countries to join this advanced business infrastructure.

Danielski: Acceleration of the much-needed implementation of market coupling in the region

“ADEX will offer best-in-class trading and clearing solutions to the CESE community and help build liquidity in these extraordinary times. We expect to accelerate the much-needed implementation of market coupling in this region to complete the European integration of spot markets,” says Ralph Danielski, CEO of EPEX SPOT.

Anže Predovnik, CEO of BSP Southpool, said the business environment in the region is changing substantially and that the cooperation with SEEPEX and EPEX is the first step to adapting and preparing for further challenges at the power exchanges’ level.

Mladenović: ADEX will additionally boost SEEPEX front-runner position

He added that all interested in our future development are welcome to take part in this journey.

“SEEPEX was an avant-garde pan-European success story in the SEE region from the beginning. This innovative ADEX context will also boost our front-runner position in the future,” stressed Miloš Mladenović, CEO of SEEPEX.

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

G7 reverses climate policy support LNG gas nuclear power

G7 reverses climate policy with support for LNG, gas, nuclear power

29 June 2022 - The G7 reaffirmed its commitment to climate goals, but it backed the deployment of gas, particularly LNG, and of nuclear power

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets


NASA sets out to develop nuclear power plant on the Moon

28 June 2022 - Success in building such power systems would pave the way for long-term missions on the Moon and Mars, NASA said

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks