CGES to pay dividend from retained earnings from previous years
Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem’s (CGES) shareholder assembly has backed a EUR 16.2 million dividend payment, the company said on its website. On the last day of 2018, the company’s shareholder assembly adopted the decision to allocate a gross EUR 16.24 million in dividends. This is a part of the company’s retained earnings […]
Auctions for cross-border power capacities at border with Bulgaria to be held by Joint Allocation Office from 2019
Auctions for cross-border power capacities at the border with Bulgaria will be held by Joint Allocation Office S.A. (JAO) from Luxembourg from next year, the Energy Agency of the Republic of Serbia (AERS) said in a press release. So far, the long-term auctions have been conducted by Bulgarian transmission system operator (TSO) ESO, while daily […]
FutureFlow project could reduce costs of providing system services by 60%
With automatic frequency control, the FutureFlow project offers savings of 60% in the cost of system services and redispatching of up to 57%, said Uroš Salobir, Strategic Innovation Director at Slovenian transmission system operator (TSO) ELES, discussing the results of the cross-border integration of markets for system services. Slovenian energy trader GEN-I also presented an overview […]
CGES, KfW sign EUR 20 million loan agreement for Luštica transmission project
Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES) and German development bank KfW have signed a EUR 20 million loan agreement for the Montenegrin Coast: Lustica Region Development. The guarantee for the loan will be secured by the Government of Montenegro, and the collateral for the guarantee will be provided by CGES, in the […]
IBEX, ESO join EU XBID Local Implementation Project
The Independent Bulgarian Energy Exchange (IBEX) and the country’s Electricity System Operator (ESO) have become part of a project for market coupling of intraday markets (IDM) through the 15th XBID Local Implementation Project, IBEX said in a press release. The Local Implementation Project 15 (LIP 15) involves the market operators and transmission system operators (TSO) […]
Croatian, European day-ahead markets linked
Croatian Power Exchange (CROPEX) and Croatian transmission system operator (HOPS) together with Slovenian power exchange and transmission system operator completed the EU MRC day-ahead market (DAM) coupling project on the Croatian-Slovenian border. According to CROPEX’ press release, for the market coupling session, transmission system operators (TSOs) agreed on an implicit allocation of the daily capacity. […]
Intraday allocation on Croatian-Hungarian border to be launched
Croatian transmission system operator (TSO) HOPS and Hungarian transmission system operator MAVIR announced the launch of intraday allocation on Croatian-Hungarian border on March 27. “The Go – Live date of intraday allocation on Croatian-Hungarian border is set at 18:00 of March 27, with the publication of ID ATC value, for the business day March 28”, […]
Serbian TSO: KOSTT ceases illegal power withdrawal, ending deviation in CE Power System
Serbian transmission system operator (TSO) Elektromreža Srbije (EMS) announced that Kosovo’s* transmission system operator KOSTT has ceased unauthorized power withdrawal, which had caused system frequency deviation in the Continental European (CE) Power System since mid-January 2018. According to EMS’ statement issued yesterday, KOSTT stopped these illegal activities on March 3, after it faced pressure exerted […]