Serbian electricity exchange SEEPEX agreed with Elektroprivreda Srbije to cooperate to improve liquidity on the intraday market and thus create even better conditions for the development of projects for the use of renewable energy sources.
SEEPEX announced that it signed a market maker contract for the intraday continuous market with the joint-stock company Elektroprivreda Srbije.
The agreement was established to improve the liquidity of the intraday market on the SEEPEX exchange and will take effect on November 1.
The market maker agreement stipulates that EPS will regularly submit buy and sell orders throughout the day.
“This will facilitate an easier integration of renewable energy sources,” SEEPEX explained, writes the Balkan Green Energy News portal.
Dejan Stojčevski, technical director of the SEEPEX stock exchange, says that the idea is to increase the liquidity of the intraday market and to make it easier for producers of electricity from renewable sources to place their goods on the market.
“EPS will make offers for both purchase and sale to always close a transaction, and thus obtain a reference price for the hour to which that trading refers,” points out Stojčevski.
Future investors in renewable energy in Serbia will, as he states, get a safe placement of their goods in this way.
In this way, EPS will help SEEPEX, but also itself, because in this way it gets the opportunity to buy and sell electricity on the intraday market.
This market was launched by SEEPEX at the end of July. It is, as they said then, the first major and concrete result of the synergy achieved within the ADEX Group and the continuation of providing first-class service to the participants of the organized electricity market in Serbia, in accordance with the best European practice in the field of trade and clearing solutions.