Electricity

Three new signatories join WB6 initiative for energy market integration

Photo: Pixabay

Published

March 15, 2017

Country

Comments

comments icon

0

Share

Published:

March 15, 2017

Country:

Comments:

comments icon

0

Share

Three new signatories have joined the Western Balkan Six (WB6) regional electricity market integration initiative, Energy Community announced.

The Romanian transmission system operator CNTEE Transelectrica SA, the Greek transmission system operator IPTO SA and the Greek market operator LAGIE SA have signed the Energy Community’s Western Balkan 6 Memorandum of Understanding (MoU) on regional electricity market development.

The initiative is aimed at taking steps towards electricity trading on integrated spot markets, regional balancing and regional capacity allocation. The new signatories will join the Programme Steering Committee on day-ahead market integration, whose task is to address all measures and steps needed for going-live of functioning day-ahead markets in and between the signatory countries.

The WB6 Memorandum of Understanding explicitly targets the involvement of ministries, transmission system operators, national regulatory authorities and power exchanges of neighboring EU member states in the market integration projects.

The Memorandum of Understanding was signed by the WB6 members of the Energy Community in April 2016. Original signatories were Albania, Bosnia and Herzegovina, Kosovo*, Macedonia, Montenegro and Serbia.

The Italian energy regulator joined in September 2016, and the Croatian Power Exchange CROPEX earlier this month. Discussions with other EU stakeholders are ongoing.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

montenegro italy admir sahmanovic subsea cable solar wind

4 GW of solar, wind projects in pipeline in Montenegro – minister

04 April 2025 - Speaking at the Economic Dialogue Montenegro-Italy round table, minister Admir Šahmanović called for stronger cooperation between the two countries

Share coal power Finland nearly zero cogeneration plant shuts down

Share of coal power in Finland nearly zero as cogeneration plant shuts down

03 April 2025 - The now closed Salmisaari coal plant accounted for just 0.8% of the electricity mix in Finland together with three remaining ones

solar nuclear power prices europe eurelectric

Solar, nuclear lower Europe’s power prices by 30% in March

03 April 2025 - Solar broke a record in power generation in March for the third consecutive month, making up more than 10% of Europe’s electricity mix, Eurelectric said

PPC announces 5.8 billion plan for Western Macedonia, focused on photovoltaics, storage and data centers

PPC plans EUR 5.8 billion makeover of Western Macedonia coal region, including data centers

03 April 2025 - PPC presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece