Serbia’s and Hungary’s grid operators will begin joint daily and monthly auctions of cross-border power capacity starting in January 2011, an official of Elektromreza Srbije (EMS) said yesterday. The total capacity available for allocation will be 600-700 megawatts, Milos Mladenovic, assistant general manager at EMS, Serbia’s grid operator, told Reuters. Grid operators in the two countries also hope to finish the paperwork needed to start yearly capacity auctions by the end of November, he added.