Montenegro, EPCG Belgrade’s first transaction on SEEPEX

, SEE Energy News

The next step is to establish a company on one of the stock exchanges in the EU countries

Elektroprivreda Crne Gore (EPCG) announced that on June 13, its subsidiary in Serbia – EPCG Belgrade, realized the first transaction on the Serbian electricity exchange SEEPEX. Thus, it is possible for EPCG to sell the surplus directly on the stock exchange, ie to buy the electricity deficit.

Considering that this is a day ahead of the market, this enables EPCG to make even better use of its own production, primarily from the Piva hydroelectric power plant, which can be marketed at the best possible prices, ie the most expensive profiles.

In this way, EPCG is gradually becoming involved in direct trade in foreign markets, and the next step will be to establish a company on one of the stock exchanges in the European Union. So far, partner companies have been used for these services, EPCG reports.

Source: epcg.com