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HomeElectricityMontenegro launches MEPX day-ahead electricity market

Montenegro launches MEPX day-ahead electricity market

Montenegro’s day-ahead electricity market, MEPX has officially been launched following its first day-ahead auction for electricity delivery on 27 April.

The launch of the day-ahead market marked a “significant milestone” in advancing the country’s electricity markets and promoting “transparent price signals” for renewable energy investments, the Energy Community Secretariat (ECS) said.

ECS supported Montenegro’s creation of the day-ahead market via technical assistance in establishing the Institutional Set-up for Organised Day-ahead market to the Ministry of Energy and aided the Ministry of Finance in drafting amendments to the country’s VAT Law.

“Montenegro’s day-ahead market development is an important step towards this integration, as it will allow Montenegro to join the single day-ahead and intraday market and benefit from better cross-border interconnection utilisation and a robust price signal for renewable energy investments. However, for this to happen, Montenegro must swiftly proceed with transposing and implementing the new electricity package, starting with the NEMO [Nominated Electricity Market Operators] designation,” the ECS said in its press release.

In December 2022, Energy Community adopted a new Electricity Package providing a legal framework for integrating the electricity wholesale markets of Contracting Parties into the European internal market.

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