Serbia exclusive: Energy exchange SEPEX to include Montenegro and Macedonia

3. December 2013. / News Serbia Energy

Power stock exchange will bring security to the market for customers and providers. The stock exchange will start operating at full capacity in 2018th. At the new power stock exchange, SEPEX, which will start operating at full capacity in 2018th, Montenegro and Macedonia will be able to trade, and later should join Hungary, Poland, Romania and other countries in the region.

From TSO company Elektromreže Srbija (EMS), one of the founders of the stock exchange announced that the idea was that, in addition to Serbia, all other signatory countries of the Energy Community Agreement join to the project.

Minister of Energy in Serbia, Zorana Mihajlović believes that first need to meet a key requirement and it is regional market opening, in order to achieve energy security in this part of Europe.

“Serbia and the other countries in the region committed to the market opening. Somewhere that has gone faster, somewhere slower. For us, that means quality and that the Serbia Power Utility Company (EPS) have to take care of its competitiveness “, said Mihajlovic.

She added that as soon as EPS took care of competitiveness, competitiveness of the whole economy can jump, and that means not only sufficient quantity, but also quality electricity.

Mihajlovic added that EPS “willingly or unwillingly” will have to change.

“In some countries, it happened that if a public company was not ready, then it happened that companies and consumers found other suppliers”, explained Mihajlovic.

Energy suppliers are not only producers, but also traders who are registered under applicable laws in Serbia. On the list already there are 35 of them.

“Competition in the electricity market should lead to better market prices in Serbia. That from this year can feel big customers, and from the 2015th the citizens”.

Recalling on the Croatia example, which started last year with the introduction of more distributors and suppliers for the electricity purchase, which was a reason why occurred a decline in the electricity price of about ten percent.

“If you have this in mind then you can expect that it will happen in Serbia”, said Nikolic.

Power stock exchange will bring security to the market for customers and providers. The stock exchange will start operating at full capacity in the 2018th, and it is expected profit of 400 thousand EUR per year.

Source; Serbia Energy

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