Day-ahead power market launched in Croatia

The Croatian Power Exchange (CROPEX) has launched a day-ahead electricity market in Croatia, trading 476 megawatt hours on its first day of operation on Wednesday and 358 MWh on Thursday.

According to data from the CROPEX website, electricity traded at an average price of EUR 23.43 per MWh on Wednesday and EUR 28.22 per MWh on Thursday.

CROPEX and Nord Pool, Europe's leading power market, launched a day-ahead power market in Croatia on Wednesday as part of the EU-wide Multi Regional Coupling (MRC) project. 

The launch follows a testing period during January this year and is the result of a 2015 agreement whereby Nord Pool undertook provide services to CROPEX, including the implementation of and running of the trading system on the Croatian day-ahead power market.

On the occasion on the successful launch of the Croatian day-ahead power market, CROPEX CEO Silvio Brkic said: “This is a historic day for power market development in Croatia, offering for the first time wholesale prices of electricity in a transparent, liberalised and competitive trading environment for the benefit of Croatian market players and those from the EU and Energy Community countries."

The Croatian energy regulator HERA has designated CROPEX as a NEMO (Nominated Electricity Market Operator).

Last update: Thu, 11/02/2016 - 17:20

More from Business

Volkswagen files recall plan for 3-litre cars in emissions case

Volkswagen on Monday met a deadline for submitting a revised recall plan for 3-litre engine diesel cars caught up in...

Croatian inventors win 11 medals at London show

Six Croatian inventors and entrepreneurs won 11 medals at the British Invention Show (BIS), with Tomislav Bronzin of...

AT&T tops Bayer: the five biggest mega deals of 2016

With AT&T's offer worth over 100 billion dollars for media giant Time Warner, the US telecom firm has surpassed...

AT&T to buy Time Warner in 85.4-billion-dollar deal

Telecommunications giant AT&T on Saturday said it would buy entertainment group Time Warner in a deal worth 85.4...

AT&T agrees to buy Time Warner, reports say

Telecommunications giant AT&T has agreed to buy media conglomerate Time Warner in a deal worth 80 billion...