BUSINESS

Balkan power market looks to integration

TAGS: Markets, Energy

Spot power exchanges launched in the Balkans this year must focus on integration to assure adequate liquidity and sustainability and help to establish reference pricing, market participants said on Thursday.

Industry players see the launch of the three Balkan power exchanges as an important first step for plans to attract foreign traders, integrate markets and draw investment to the region.

Bulgaria’s IBEX has the highest liquidity of the three, with average traded volume at about 250 megawatt-hours (MWh) a month, while the Serbian SEEPEX and Croatian CROPEX see much less trade.

IBEX Chief Executive Konstantin Konstantinov said the bourse is in talks about joining the markets of Romania and Greece, while Croatia’s CROPEX aims to couple its market with Slovenia this year.

Meanwhile, Turkey’s Istanbul-based energy exchange expects its power trade volumes to increase by 10 percent this year to around 110 terrawatt-hours (TWh), the bourse official said on Thursday.

[Reuters]

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