A new segment of the electricity market in Montenegro, called Day Ahead Market, started operating today, announced the State Secretary in the Ministry of Capital Investments, Admir Šahmanović.
Today, the “day-ahead” market started functioning and our stock market starts trading today for the first time. We expect good news from them soon regarding the first transactions – said Šahmanović at the Government session.
He congratulated the management of the Electricity Exchange Company (BELEN), because, as he said, they had done a great thing.
As previously announced, in the Montenegrin market, apart from the state energy companies Elektroprivreda (EPCG) and the Montenegrin Electric Distribution System (CEDIS), there will be leading regional and European names from that economic segment, such as the Italian ENEL, Elektroprivreda Srbije, Croatian HEP , Slovenian HSE and GENi, EFT Montenegro, which is part of the EFT Group, and Danska Commodities.
The electricity exchange was founded in 2017 as a limited liability company, whose owners are EPCG, CEDIS and COTEE. The goal of BELEN, where from 2020 procurement of losses on the distribution and transmission network (long-term market) is carried out, is to be the main link in the establishment of a functional and operational “day ahead” market, which will encourage transparency and competitiveness when it comes to electricity trade.
