Memorandum under auspices of WB6 energy connectivity initiative paves way for regional electricity market coupling

Electricity
18 May 2018

On the margin of the EU-Western Balkans summit in Sofia, H.E. Kreshnik Bekteshi, Minister of Economy of former Yugoslav Republic of Macedonia, and H.E. Temenuzhka Petkova, Minister of Energy of the Republic of Bulgaria, signed today a Memorandum of Understanding on Electricity Day-Ahead Market Coupling under the auspices of the WB6 energy connectivity initiative facilitated by the Secretariat.

Deputy Director Buschle, who took part in the signing ceremony, said: “This is the first concrete step towards regional electricity market coupling. Yet to make this first step truly meaningful, legal and regulatory barriers in both the Energy Community Contracting Parties and EU Member States must be removed. All stakeholders must make continuous efforts to ensure the full implementation of the Third Energy Package network codes and guidelines and conclude the Energy Community Treaty reform process”.

Jasmina Trhulj, Head of Electricity Unit, said: “The Market Coupling Initiative has proven to be an indispensable instrument in assisting the stakeholders in their endeavours to bridge the gaps between the Western Balkan 6 and European electricity markets. However, we will not be able to complete the process of electricity market integration without having in place a robust solution for closing the existing legal gap between Contracting Parties and EU Member States.

Today’s signature was proceeded by a Memorandum of Understanding on the coupling of the two countries’ day-ahead electricity market finalised between the two countries’ transmission system operators, power exchanges and regulatory authorities.

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