The launch of Serbia's day-ahead Southeast European Power
Exchange, SEEPEX, is set for the end of November this year, European Power
Exchange, Epex Spot, said on Wednesday.
Epex Spot is developing the
project in partnership with Serbian state-owned electricity grid operator
EMS.
The launch of SEEPEX is subject to successful member testing and
regulatory approval, Epex Spot said in a statement.
SEEPEX will be a
major step in the creation of a regional power trading solution for South
Eastern Europe (SEE) and is highly anticipated by the electricity market
community.
The operations of SEEPEX will rely on the trading system ETS,
used by Expex Spot for operating its own markets.
SEEPEX will foster the
development of a competitive, transparent and reliable electricity market for
Serbia and South Eastern Europe, boosting electricity trading in the entire
region.
“SEEPEX will be the cornerstone for power trading in the
Balkans," EMS general manager Nikola Petrovic said.
Market rules and the
membership package will be disclosed during July. Member tests will start in
September 2015.
In March 2014, Petrovic said Paris-based Epex Spot, an
exchange for power spot trading in Germany, France, Austria and Switzerland,
will have a 25% share in SEEPEX with EMS holding the remainder.
Elsewhere
in the region, day-ahead exchanges are set to launch this year also in Croatia
and Bulgaria. Both projects involve Norwegian-based Nord Pool Spot which has
teamed up with CROPEX in Croatia and IBEX in Bulgaria.