Serbia to launch power market SEEPEX and connect with SEE markets

15. May 2013. / News Serbia Energy

Vladimir Jankovic, Director of Administration for Electricity Market Business in Serbian TSO company EMS “Elektromreza Srbije”, represented market functions of this company as well as plans for making stock market SEEPEX. 40 terawatt-hours were transmitted over Serbia in 2012 while our final consumption is 28 terawatt-hours and the whole difference represents trade. 8.000 of terawatt-hours were transmitted only in transit- data from Energy Agency show.

-Idea is to connect SEEPEX with other countries and countries like Montenegro or BiH that don’t have its stock markets to have approach to it. They would rent some bigger existing stock markets and our goal is to attract big traders, market makers that would have participation in the property of stock markets- Jankovic said.

Idea is to improve market and get good referent price and to offer a row of products to traders. Stock market would provide Serbia to approach to BiH, Macedonia and Montenegro in the first phase and it would connect to Hungary and Romania and within them to Czech Republic and Slovakia. Energy price would probably be counted in EUR and clearing house would be some of the banks in Serbia.

Serbia with the lowest price

40 terawatt-hours were transmitted over Serbia in 2012 while our final consumption is 28 terawatt-hours and the whole difference represents trade. 8.000 of terawatt-hours were transmitted only in transit- data from Energy Agency show. According to comparing prices of industrial electricity in Europe, Serbia has convincingly the lowest price what brought to the lack of investment assets.

Source; Serbia Energy/EPS KWH

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