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Slovenian and Serbian TSOs establish first regional power exchange

Alpine-Adriatic Danube Power Exchange (ADEX), the first regional power exchange for Central and South-Eastern Europe, was officially established on 23 December 2022 in Ljubljana via the formal signature of its founding members: Slovenia’s Transmission System Operator (TSO) ELES, Serbia’s TSO EMS and the European Power Exchange EPEX SPOT.

ADEX was established by merging BSP SouthPool, which operates a physical day-ahead market and intraday market with market coupling services in Slovenia, with SEEPEX, the licensed market operator in Serbia. The newly founded ADEX will offer harmonised one-stop-shop spot power trading services in Slovenia and Serbia, with the ambition to extend business to other countries in the Central and South-Eastern European (CSEE) region.

“With the establishment of the regional power exchange ADEX, the Slovenian BSP Energy Exchange, which has been present only in the Slovenian market, became an essential player in the electricity market of the wider European area,” said Aleksander Mervar, CEO of ELES, the transmission system operator of Slovenia. “I am proud that ELES, as 100 per cent owner of BSP, together with its strategic partners with a clear vision, has managed to achieve this enviable milestone, which is at the same time the first step towards a solid regional electricity exchange.”

“This extraordinary achievement will additionally boost regional electricity market development and provide a robust and reliable market environment needed for new RES investments and a sustainable green transition,” added Jelena Matejić, EMS General Manager. “In addition, we believe that this open-minded initiative will act as a role model for other CSEE countries to join this advanced business infrastructure.”

The short-term milestones of ADEX will be to deliver a new Intraday market in Serbia and coupling the pivotal Serbian Day-Ahead market with the pan-European Single Day-Ahead Coupling (SDAC) as soon as possible.

“The ADEX Power Exchange will boost trading activity and market developments in Central and South-Eastern Europe,” commented Ralph Danielski, CEO of EPEX SPOT. “The whole of Europe will benefit from this new exchange hub, as it integrates the region further into Europe. It also means that we join forces across regions in driving forward the energy transition. We are pleased to bring our long-standing expertise in building and operating power markets across Europe to this project.”

“The time has come for the accession of Western Balkan states into Europe’s single electricity market,” stated Anže Predovnik, CEO of BSP SouthPool. “Merging of BSP and SEEPEX lays down the fundamental building block for the formation of strong regional energy exchange (ADEX). With further extensions of ADEX we will jointly build a comprehensive and robust regional market. Hence, we see ADEX as the long-expected answer to the need for integration of concurrent local fragmented electricity markets into a Single European Market.”

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