Operators of Transfer Systems from Slovenia and Serbia Found Regional Electrical Energy Exchange

The operator of the electrical energy transmission system in Serbia, Elektromreza Srbije (EMS) has announced that, with the operator of the transmission system of Slovenia (ELES) and the electricity exchange of the EU states (EPEX SPOT), it has established the first regional electrical energy exchange for Central and Southeast Europe.

It is added that the newly founded Alpine-Adriatic Danube Power Exchange (ADEX) will offer harmonized one-stop-shop spot power trading services in Slovenia and Serbia, with the ambition to also extend business and services to other countries in the Central and South-Eastern European (CSEE) region.

ADEX shares will be owned equally by ELES, EMS and EPEX SPOT.

The agreement between the companies foresees a merger between BSP Southpool and SEEPEX.

EPEX SPOT, the Transmission System Operators (TSOs), ELES and EMS will act as founding shareholders of the newly established power exchange ADEX, with the company’s headquarters in Ljubljana and main permanent offices in Ljubljana and Belgrade.

– We upgrade the trading culture in our region by providing the highest trading standards, advanced technical solutions, excellent exchange services, transparency, and innovation – says Aleksander Mervar, CEO of ELES System Operator and the President of ELES Group.

Jelena Matejić, EMS General Manager, said that “this extraordinary achievement will boost regional electricity market development and provide an open-minded and sustainable role model for other CSEE countries to join this advanced business infrastructure”.

The press release says that, in addition, ELES, EMS and EPEX SPOT are in advanced talks with MAVIR, the Hungarian TSO and that the initiative remains open for all additional partners who would like to join ADEX to drive forward the integration of spot power markets in Central and South-Eastern Europe.