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

US unemployment rate dips to 9-year low

The US unemployment rate fell in November to 4.6 per cent, a nine-year low, the Bureau of Labour Statistics said...

Chinese firm building full-size Titanic replica for tourists

Construction has begun on the world's first full-size replica of the Titanic in China, a country that fell in love...

Erdogan calls on Turks to sell dollars and buy lira and gold

President Recep Tayyip Erdogan urged Turkish citizens on Friday to sell their dollars and buy gold and lira, as the...

EU agrees to let Germany introduce road toll, staving off legal feud

The European Commission has approved Germany's plan to introduce a road toll on its motorways, top transport...

Danish container shipping giant Maersk Line to buy German rival

Global shipping giant A/S Maersk Line of Denmark on Thursday announced plans to grow its business by buying German...