Montenegro: Electricity trading within the new liberalized market, issues and volatility

13. March 2013. / SEE Energy News

KAP has supplied “Montenegrobonus” with electricity since Octobar last year until 1 January this year and Montenegrin Transmission System (CGES) does that since the New Year.

Regulatory Energy Agency (RAE) determined that Elektroprivreda (EPCG), Montenegrin Electricity System (CGES) and Montenegrin electricity trade operator (COTTE) are don’t act in accordance with the law when it comes to electricity delivery to Aluminum Combine Podgorica (KAP).

RAE determined that mentioned subjects don’t have contracts for regulating mutual rights and obligations- it was said to Mina-business Agency.

“These companies put into question work stability of Montenegrin Electricity System and fulfilling commitments to international interconnection which Montenegrin Electricity System is connected to”, it was stated from RAE.

Agency sent requests to energy companies to begin with problem removal immediately, because of monitoring results i.e. to make a law contracts, licenses and market rules in order to enable normal functioning of Montenegrin Electricity System.

RAE reminded that they have controlled work of Elektroprivreda, Montenegrin Transmission System and Montenegrin electricity trade operator ordinarily in order to determine the factual situation of these energy subjects with reference to actual questions of KAP electricity delivery from the aspect of respecting the obligations prescribed by law, licenses they have and market rules.

Montenegrobonus has supplied KAP with electricity since Octobar last year until 1 January this year and Montenegrin Transmission System (CGES) does that since the New Year- it was stated on the session of Parliament Board for Economy, Finance and Budget held at Friday.

President of EPCG Directors’ Board, Srdjan Kovacevic, said that question of electricity supply to KAP should be solved immediately because we enter “the gray zone” what can put system sustainability into question.

President of Parliament Board, Aleksandar Damjanovic, said that the first man of EPCG officially admitted that CGES illegally supplies KAP with electricity and ask RAE to investigate it.

Source Vijesti/EPCG

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