Nord Pool Spot said it has signed a cooperation
agreement with the Croatian Power Exchange, CROPEX, that will lead to the
creation of the first competitive Croatian day-ahead power market.
It is
planned that the Croatian day-ahead market will become operational by the end of
the fourth quarter of 2015, Nord Pool Spot said in a statement on
Tuesday.
The agreement also provides a possibility of extension to
include an intraday market at a later stage.
CROPEX is committed to the
development of a transparent and efficient Croatian power market, enabling
Croatia to become a part of the pan-European Multi-Regional Coupling of power
markets (MRC).
CROPEX has selected Nord Pool Spot as its partner to
operate the Croatian power market as a PCR-serviced power
exchange.
CROPEX, based in Zagreb, has the mission of organising
marketplaces for the trading of physical electricity in Croatia and their
coupling with EU power markets in accordance with the Croatian electricity
market act.
Nord Pool Spot operates Europe’s leading power markets,
offering both day-ahead and intraday trading to its members. In 2014 the group
had a total turnover of 501 TWh traded power.