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.