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) […]
U.S. Energy Association, USAID to support regional electricity market creation in SEE
The U.S. Energy Association (USEA) and the United States Agency for International Development (USAID) have structured a landmark agreement that supports the development of a regional electricity market among transmission system operators (TSOs) and market operators (MOs) in eight countries in Southeast Europe (SEE), the USEA said on its website. Under the new Electricity Market Initiative (EMI), […]
EU TSOs measures kick off amid fresh frequency deviations in CE power system
A new compensation programme, put in place by the Continental European TSOs, automatically kicked off on July 7 when the grid time deviation exceeded 60 seconds, ENTSO-E said in a statement, adding that the cause for the frequency deviations – a political dispute between the Serb and Kosovar authorities on electricity – has not been […]
Bulgaria, Macedonia to complete day-ahead market coupling by Q2 2019
Bulgaria and former Yugoslav Republic of Macedonia signed a Memorandum of Understanding (MoU) on the Day-ahead market (DAM) coupling which foresees the market coupling to be concluded by Q2 2019. Independent Bulgarian Energy Exchange (IBEX) EAD signed a MoU on DAM coupling with the Electricity Transmission System Operator (TSO) of Macedonia (MEPSO), Energy Regulatory Commission […]