Former Yugoslav Republic of Macedonia and Bulgaria sign Memorandum on day-ahead electricity market coupling under auspices of WB6 energy connectivity initiative 

Electricity
16 April 2018

The Transmission System Operator and Energy Regulatory Commission of former Yugoslav Republic of Macedonia together with the Independent Energy Exchange and Electricity System Operator of Bulgaria signed a Memorandum of Understanding on the coupling of the two countries’ day-ahead electricity markets at a stakeholder meeting on 12 April held under the auspices of the WB6 energy connectivity initiative facilitated by the Secretariat. The Memorandum is expected to be signed also by the Bulgarian Energy and Water Regulatory Commission.

The Memorandum’s signatories committed to organize a project kick-off meeting within 30 days of its signature to define the main project stages, implementation schedule and structure and composition of project working groups. The preliminary planning foresees the market coupling to be accomplished by Q2 2019.

The cooperation follows the WB6 regional electricity market integration initiative, building on the WB6 Memorandum of Understanding on regional electricity market development in South East Europe signed by WB6 countries in 2016 and key Bulgarian stakeholders in May 2017.

The process of market coupling between the two countries is facilitated under the project “Technical Assistance to Connectivity in the Western Balkans - Component 2: Regional Energy Market”, which is funded by the European Union and implemented by the Energy Community Secretariat.

In Scope:

  • FYR Macedonia FYR Macedonia
  • Bulgaria Bulgaria