Region, The Western Balkans will receive four more electricity exchanges by mid-2023., SEE Energy News
Albania, Montenegro, Kosovo and North Macedonia plan to open electricity exchanges in the fourth quarter of 2022, that is, in the first and second quarters of 2023.
The opening of electricity exchanges with day-ahead markets in the four members of the Energy Community would represent a big step forward, given that now only Serbia has an operational electricity exchange – SEEPEX.
As stated in the latest report Monitoring the Energy Transition, the need for day-ahead markets and their integration is very important for the increased use of renewable energy sources, but also for the introduction of the Carbon Limit Adjustment Mechanism (CBAM).
The importance of stock markets has further increased after the proposal of the European Commission on the cross-border tax on CO2 (CBAM), which sets the merger of the electricity market as one of the conditions for exemption from the collection of this tax, it was stated in the report of the Secretariat.
The launch of the stock market is still uncertain
Progress has been made in establishing day-ahead electricity markets in the Western Balkans, however, their launch is still uncertain.
Namely, the Albanian electricity exchange ALPEX, which is entrusted with the management of the market in Kosovo as well, the Montenegrin MEPX and the North Macedonian MEMO have completed the tender procedures and concluded contracts with selected service providers for the establishment of the day-ahead market.
ALPEX will also implement the intraday market in Albania and Kosovo.
North Macedonia and Serbia appointed MEMO and SEPEX as nominated electricity market operators
The launch of the day-ahead market in Albania is planned for November, and in Kosovo two months later, while the start of stock exchanges in Montenegro and North Macedonia is announced for the last quarter of this year and the second quarter of next year, the report says.
The establishment of the day-ahead market in Bosnia and Herzegovina is the most delayed when looking at the Western Balkans, and is still in the discussion phase.
Although the Regulation on Capacity Allocation and Congestion Management (CACM) has not yet been officially adopted in the Energy Community, North Macedonia appointed MEMO as a nominated electricity market operator (NEMO), and in Serbia, SEEPEX received this status in June.