Serbia, Hungary and Slovenia to have joint electricity exchanges

Top officials from Hungary, Serbia and Slovenia attended the signing of a partnership agreement, within the BlueSky project, on the integration of three electricity exchanges under Adex Group. It will be equally owned by their transmission system operators MAVIR, EMS and ELES, respectively, and EPEX Spot.

Slovenian Minister of the Environment, Climate and Energy Bojan Kumer, Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó, and State Secretary in the Ministry of Mining and Energy of Serbia, Veljko Kovačević, attended the signing of an energy partnership agreement under the BlueSky project.

The ceremony was held in Budapest, where Adex Group, the operator of the newly established joint electricity exchange, will be based. The firm will be the sole shareholder of Slovenia’s bourse BSP SouthPool, Hungarian HUPX and Serbian SEEPEX.

Their respective owners are the three countries’ electricity transmission system operators ELES, MAVIR and Elektromreža Srbije (EMS). Exchange operator EPEX Spot is the fourth equal partner in Adex Group. The companies said they are open to accepting more shareholders.

BSP SouthPool, HUPX and SEEPEX remain the operators of their existing markets.

The Alpine-Adriatic Danube Power Exchange – ADEX was the first one established to operate throughout Central and South-Eastern Europe (CSEE). It was founded in late 2022 by ELES, EMS and EPEX Spot.

The integration will enable simpler and more efficient electricity trading in the region, said Minister of Mining and Energy of Serbia Dubravka Đedović Handanović.

“The joint trading platform for all three bourses will additionally boost the development of a regional electricity market and secure a robust and reliable market environment necessary for new investments. It will positively affect the development and integration of renewable energy sources in the region as well,” she stated.

(eKapija, 09.04.2024)

This post is also available in: Italiano

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