Montenegro: Trading electricity at MEPEX by the end of this year, SEE Energy News
Trading at the Electric Power Exchange of Montenegro (MEPEX) should begin by the end of this year when a strategic partner is found and an operational process is implemented, Balkan Green Energy News reported. The energy exchange was established last year, but it still exists only as a project company.
Elektroprivreda Crne Gore (EPCG), national power utility company of Montenegro, Montenegro Electricity Market Operator (COTEE) and Montenegrin Power Transmission System (CGES) signed in June, 2017, an agreement on establishing Montenegro power exchange and the power exchange’s statute.
At that time, there were over 50 power trading companies in Montenegro, and with established power exchange that number was expected to increase, Balkan Green Energy News added.
The market will be anonymous, nobody will know who is trading with so there will be no influence on price. According to MEPEX Technical Director Dejan Drašković, the price itself will be realistic at any given moment. Reporting on trading volumes will be on a daily basis. MEPEX will be open to both existing and future suppliers.
Participation at the Electric Power Exchange in Montenegro is not obligatory, although interest is significant and it has even been growing in anticipation of the expected launch of the submarine cable between Montenegro and Italy, Drašković said.
MEPEX will merge with one of the exchange markets in the region. Drašković also stated that good cooperation has already been established with the Serbian, Croatian and Bulgarian markets. Contact will the Albanian exchange market, also announced to become operational this year, has been established as well.