Bulgaria, FYROM Sign MoU for Coupling their Day-Ahead Markets

Bulgaria, FYROM Sign MoU for Coupling their Day-Ahead Markets

Bulgaria and EU candidate FYROM have agreed to jointly develop a pilot project for coupling their day ahead electricity markets, the energy ministry in Sofia said on Friday."Bulgaria and FYROM will cooperate in a pilot project on the integration of energy markets between an EU member state and a contracting party to the Energy Community Treaty," the ministry in a statement said after Bulgarian energy minister Temenuzhka Petkova and FYROM’s economy minister Kreshnik Bekteshi signed a memorandum of understanding on the project in Sofia. The memorandum aims to create an equal legal and regulatory basis for coupling the two countries' day-ahead electricity markets under non-discriminatory and fair conditions, the Bulgarian energy ministry added. Last month, Bulgaria's energy exchange IBEX and the country's electricity system operator signed a MoU for coupling the day-ahead electricity markets with FYROM’s energy regulator and that country's electricity transmission system operator. Preliminary planning foresees the market coupling to be accomplished by the second quarter of 2019, IBEX said at the time.

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