Croatian power exchange (CROPEX) and its Slovenian counterpart, BSP SouthPool, have announced they will merge on June 19 and join the rest of Europe through the Multi-regional Coupling (MRC) project.
The launch is the finalization of day-ahead market coupling implementations on Slovenian borders and first implementation of implicit allocation for Croatian bidding zone, which will be for the first time included in the Internal European Market via Slovenian bidding zone.
After successful completion of all testing activities planned for May and June this year, the launch of the Slovenian – Croatian market coupling will happen on June 19, with a delivery day June 20.
After that, capacity for the Slovenian – Croatian border will be allocated through the PCR solution for the Day-Ahead markets, making the border a part of the Multi-Regional Coupling (MRC) which includes 19 countries that account for about 85 percent of European power demand, the statements read.
According to both sides, the go-live is subject to the final approval by the involved regulatory authorities.
Initially, the Slovenian-Croatian merger was planned for 2017, but it was delayed because of some regulatory and technical reasons.