Bulgaria, N. Macedonia sign MoU to complete day ahead power market coupling by 2022

Bulgaria, N. Macedonia sign MoU to complete day ahead power market coupling by 2022

The electricity transmission and market operators of Bulgaria and North Macedonia signed a memorandum of understanding (MoU) declaring their intention to complete the day ahead market coupling by 2022, Bulgaria's energy exchange operator said on Monday.

"The project shall be implemented in accordance with the European target model, in cooperation with SDAC [ Single Day-Ahead Coupling] bodies and in accordance with the approved common roadmap," the Independent Bulgarian Energy Exchange (IBEX) said in a statement.

The integration of short-term market segments is key to the development of the electricity market within each bidding area, and is of key importance to the successful market integration throughout Southeast Europe, the IBEX noted.

As the SEE region has a large number of non-EU countries, market integration is challenging, the IBEX added.

The market coupling project between Bulgaria and North Macedonia was restarted in September after the National Electricity Market Operator (MEMO) was designated as the nominated electricity market operator for the territory of North Macedonia. The initiative was first launched in March 2018.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.