He adds that the aggregator is the subject which manages the portfolio and the entity we colloquially call “virtual power plant”.Flexibility in the Electrical Energy MarketMilos Mladenovic, the managing director of SEEPEX
, points out that two key documents have been made public by the European Commission and expert bodies in the past months. The first is the so-called “digital energy strategy”, and the other is the document which has to do with the changing of market design, as a consequence of the energy crisis last year.
– All the participants got the task from the European Commission to analyze the existing “market design”, which was the most important topic, and on the other hand, to propose new measures, or potentially new market segments that will aid the green transition. Regarding the first digital energy strategy, the need to go even further has been recognized, following the “spot market” and the “market coupling process” and the “single spot European market”, which, during its inception, was designed as the “cherry on the top” of the whole “market design”. First, it has been recognized by this other paper that the most important thing is that the “market design” is excellent. So, that the system of marginal reference prices, which was quite disputed during the high crisis, was the only adequate one to provide the right signal. That is very important and that forced the entire European structure to consider new solutions. Also, the need to go further has been recognized, “out of the box” in considering the flexibility market and to move toward the blockchain technologies that would enable integration, as well as the integration of consumers to the device itself.
He adds that, in that strategy, the flexibility market has been once again emphasized as a new market segment which is an important tool in the sustainable European tradition.
The next step is the implementation of “market coupling”. We expect help from our friends from the Energy Community to support our efforts to start with the first “day-ahead coupling” as soon as 2024
He is glad that the “day-ahead” markets are finally to open in the region as well – soon in Montenegro and North Macedonia, and SEEPEX also offers all help to Bosnia and Herzegovina too.Mladon Apostolovic, senior portfolio manager
, believes that flexibility is the end goal that we have to reach gradually.
– Time is passing us by in the region. We now have the integration of renewable sources as an obligation and part of the energy transition toward renewable sources, and we still haven’t completed the integration of wholesale markets. The supplier in the market serves to enable “small” participants in the market, which don’t have enough infrastructure or time or qualified staff to access the markets and other platforms that are needed for the placement of electrical energy on the market. When we say market, that’s why “day-ahead” markets are very important. I hope that, but the end of the year, it will also be solved for BiH, so that we would know what the final status is, because that production is not even.
He also mentions another important thing we don’t have, which is part of the communication and telecommunication infrastructure – real-time measuring is needed
The moderator Marko Jankovic of Elektromreze Srbije highlights as a conclusion “that there is no development of the flexibility market and the inclusion of distributive users without a smarter distribution network. That should be the message.”ADEX Regional Market
Mladenovic points out that the project of the ADEX regional market has been successfully completed with partners from Slovenia – BSP.
– The first result of that synergy will be established within the daily market in Serbia, because, without that context, it would be very expensive, and if it’s expensive for us, it’s going to be expensive for the participants as well. The first benefit will be visible after six months, and the other important benefit will be the transfer of BSP clearing to ECC, which is possibly an exclusive
. That’s very important for all participants in SEEPEX, because all SEEPEX and BSP participants will also have access to both markets through “single membership”. For example, Elektroprivreda Republike Srbije, which is not present in the European Union, is present on SEEPEX through the ECC infrastructure and will automatically be able to trade in the EU market, that is, in Slovenia, with some legal and regulatory conditions. Those are the short-term goals and they are very visible from the simple bilateral synergy. We are open to all partners in the region. SEEPEX was not a project, it was a vision and an idea to offer the best service to the entire region. Unfortunately, politics can sometimes overshadow the economy and business. We’ve had to turn to our partners in the EU. The “regional market” mantra should be abandoned, because it is out of fashion. We have a pan-European market and we are heading for it. I hope that our first coupling will take place in 2024.
Let us remind that the Trebinje Energy Summit 2023 was held between March 22 and 24, organized by Elektroprivreda RS, the City of Trebinje and the company SET
.The eKapija portal is a media sponsor of the Summit.
More about the panels and events can be found in a special section at the link available HERE
The rest of the panel can be viewed here: