Energy operators of Bulgaria, North Macedonia, Albania sign MoU on energy market in SEE

Energy operators of Bulgaria, North Macedonia, Albania sign MoU on energy market in SEE

The Bulgarian Electricity System Operator (ESO EAD), the Electricity Transmission System Operator of Macedonia (MEPSO AD) and the Transmission System Operator of Albania (OST sh.a) signed on March 8 a memorandum of understanding on the development of the electricity market and the strengthening of regional co-operation in the South Eastern Europe region through mutual assistance, ESO said.

The Bulgarian Electricity System Operator hosted the meeting. With the signing of the memorandum, the three parties declare their willingness to co-operate closely and contribute to the development of the electricity market by bringing together national day-ahead markets and integrating them into the functioning coupled European energy market.

The initiative is expected to contribute to creating better opportunities for market participants and enhancing security of supplies in the region, ESO said.

The memorandum also provides for the coupling in the “day-ahead” market segment of the common borders between the three countries to be accompanied by an implicit distribution of interconnection capacity allocations in line with the European target model.

With the signing of the document, the three electricity transmission operators state their determination to develop regional co-operation through the establishment of a Regional Security Coordination Centre set up in a south-east EU member state, the ESO statement said./ibna