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Serbian day-ahead electricity exchange to use EPEX SPOT system

12 May 2014 11:51:48 | edem

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The Serbian day-ahead electricity exchange is to operate with the same system as European exchange EPEX SPOT, the European platform confirmed late on Friday.

In early March, Serbian transmission system and market operator Elektromreza Srbije (EMS) announced its collaboration with EPEX SPOT on the project, known as SEEPEX, which has seen numerous delays over the years.

The launch deadline is now set for the first quarter of next year ( see EDEM 6 March 2014 ).

“The project is entering the design phase and EMS and EPEX SPOT are committed to reach the target of Q1 2015. The exact launch date will be disclosed at a later stage,” an EPEX SPOT spokesman said in a statement.

The two project partners are setting up a joint company with EMS holding the majority share of 75%.

There is no deadline for the start of testing for the new platform but EPEX SPOT expects it will go smoothly on grounds that “some of the future SEEPEX market participants are already familiar with the EPEX SPOT system.”

The project partners are only focusing on developing a day-ahead platform, with no plans to launch futures trading for now, the spokesman said.

Serbian state-owned incumbent EPS is expected to be one of several big market players to provide liquidity on the exchange but EPEX SPOT did not disclose whether EPS is likely to become a market maker. Irina Peltegova

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