SEEPEX Has Successfully Launched the Serbian Day-Ahead Market

SEEPEX, the South East European Power Exchange, has successfully launched the Serbian Day-Ahead market, with 1,925 MWh being traded on the first day. Baseload, the average price of all hourly prices of the day, came out at 23.83 €/MWh.

The launch of the SEEPEX Day-Ahead market is a major step in the creation of a regional power trading solution for South East Europe (SEE) and has been highly anticipated by the electricity market community. "The smooth launch of the Serbian Day-Ahead market is a cherry on the top of the liberalized power market in Serbia. At the same time, this is an important signal for the electricity market in SEE as SEEPEX is the first organized market place in the region that provides a high level standard both in terms of trading and clearing infrastructures”, says Milos Mladenovic, Managing Director of SEEPEX.

Nikola Petrović, EMS General Manager, and Jean-François Conil-Lacoste, Chairman of the Management Board of EPEX SPOT, add: "With the fully-fledged trading and clearing solutions distilled from best practice in Central Western European power markets, Serbia will be at the forefront of the region providing the SEEPEX as an efficient role model for all future cooperation between transmission system operators and power exchanges.”

Dr. Thomas Siegl, Chief Risk Officer of European Commodity Clearing (ECC), concludes: "SEEPEX clients will instantly benefit from high-standard clearing, cross-commodity margining and the access to the European-wide network of commodity exchanges working with ECC.”

Source: SEEPEX/balkans.com