CROPEX to organize auctions for purchase of energy to cover grid losses
On May 6, the Croatian Power Exchange (CROPEX) will organize auctions for the purchase of energy to cover transmission system losses in the years 2020, 2021 and 2022 via the CROPEX trading platform. This was agreed between Croatian transmission system operator (TSO) Hrvatski operator prenosnog sistema (HOPS) and CROPEX. The application for participation in the […]
ESO receives grant for Maritsa-Nea Santa power line, CESEC updates Electricity Action Plan
The Bulgarian Electricity System Operator (ESO) and the Innovations and Networks Executive Agency of the European Commission have signed a EUR 28.6 million grant agreement under the Connecting Europe Facility (CEF) for the construction of the Bulgarian section of the 400 kV power line Maritsa East (Bulgaria)-Nea Santa (Greece). The agreement was signed during the […]
Bulgaria, North Macedonia, Albania sign memorandum on day-ahead market coupling
The transmission system operators (TSOs) of Bulgaria – ESO, North Macedonia – MEPSO, and Albania – OST have signed a memorandum of understanding (MoU) which envisages the day-ahead market (DAM) coupling. The MoU was signed by ESO CEO Angelin Tsachev, MEPSO CEO Sasho Vasilevski, and OST CEO Skerdi Drenova in Sofia. According to ESO’s press […]
Kick-off meeting held for Croatia-Serbia-Bulgaria market coupling project
The kick-off meeting for the initiation of a trilateral power market coupling project between Croatia, Serbia, and Bulgaria (HR-RS-BG) was successfully held on February 13 in Belgrade, the South East European Power Exchange (SEEPEX) said on its website. The meeting was attended by all main stakeholders – transmission system operators (TSOs) HOPS, EMS, and ESO, […]
Slovenia, Bulgaria receive EUR 76 million in EU financing for cross-border power lines
EU Member States have approved EUR 48.2 million in aid under the Connecting Europe Facility (CEF) to Slovenian transmission system operator (TSO) ELES for the construction of the first power line between Slovenia and Hungary, as well as EUR 28.6 million to Bulgarian TSO ESO for the construction of the power line between Bulgaria and […]
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 […]