ELES, EMS, and EPEX SPOT announce their joint commitment to establish the first regional power exchange for Central and Southeastern Europe.
The newly founded Alpine-Adriatic Danube Power Exchange (ADEX) will offer harmonized one-stop- shop spot power trading services in Slovenia and Serbia, with the ambition to also extend business and services to other countries in the Central and Southeastern European (CSEE) region. ADEX shares will be owned equally by ELES, EMS and EPEX SPOT.
The agreement between the companies foresees a merger between BSP Southpool and SEEPEX. EPEX SPOT, and the transmission system operators (TSOs) ELES and EMS will act as founding shareholders of the newly established power exchange ADEX, with the company’s headquarters in Ljubljana and main permanent offices in Ljubljana and Belgrade.
The short-term milestones of ADEX will also be to deliver a new harmonized intraday market in Serbia and to couple the key Serbian day-ahead market with the pan-European Single Day-Ahead Coupling (SDAC).
CEO of EPEX SPOT Ralph Danielski said that ADEX will offer best-in-class trading and clearing solutions to the CESE community and help build the liquidity in these extraordinary times. It expects to accelerate the much-needed implementation of Market Coupling in this region to complete the European integration of spot markets.
The completion of this merger will be subject to all applicable regulatory approvals and legal requirements.
In addition, ELES, EMS and EPEX SPOT are in advanced talks with the Hungarian transmission system operator MAVIR.
The initiative remains open for all additional partners who would like to join ADEX to drive forward the integration of spot power markets in Central and Southeastern Europe.