1. Spot market development is still an area where substantial legal and institutional reforms are needed in order to reach the targets. So far Serbia is still the only country where a functional day-ahead market is operating as of February 2016.
2. Balancing, both in terms of developing national balancing markets and models for cross-border cooperation, remains the area where the most notable achievements were made.
3. As regards regional capacity allocation, Macedonian TSO became a shareholder of the regional auction office SEE CAO and Serbia submitted an application to join SEE CAO, but an agreement has still not been reached.
4. Implementation of the cross-cutting measures is characterised by the slow pace of national reforms towards adoption of Third Package-compliant primary and secondary legislation as well as a lack of enforcement measures to implement the laws. The most critical elements are related to price deregulation, unbundling of system operators and regulatory independence.