Serbia, Slovenia, and Hungary have united their electricity exchanges, paving the way for simpler and more efficient electricity trading in the region, announced Dubravka Đedović, the Minister of Mining and Energy, today.
“This marks a significant milestone in the advancement of our power system. With Hungary joining the regional exchange established by Serbia and Slovenia, and EMS owning 25 percent of the electricity exchange in Slovenia and Hungary, we now have a unified platform for trading across all three exchanges. This will bolster the development of the regional electricity market and foster a robust and reliable market environment crucial for new investments. Moreover, it will positively impact the integration and development of renewable energy sources in the region,” stated Handanović, as per the Ministry of Mining and Energy’s statement.
Through the BlueSky project agreement signed in Budapest today, the Hungarian electricity exchange, HUPX, has become part of the first regional electricity exchange for Central and Southeastern Europe – ADEX, established in 2022 by the Serbian and Slovenian transmission system operators and the European Electricity Exchange energy, EPEX SPOT. ADEX, headquartered in Budapest, will oversee the management of the Serbian, Slovenian, and Hungarian exchanges.
“I’m proud that we’re establishing a robust joint business infrastructure and achieving full synergy among all three exchanges, a project initiated back in 2018. This merger brings multiple benefits, bringing us closer to the single European market and providing all participants with easier access to unified trading services. Additionally, it’s crucial for Serbia as this merger sets the stage for EMS to further collaborate with the Hungarian transmission system operator, MAVIR, in merging the day-ahead market with the European single market, fulfilling one of the prerequisites for Serbia’s abolition of the CBAM tax,” remarked Jelena Matejić, General Director of EMS.
The agreement to associate the three exchanges was signed by the directors of the transmission systems of Serbia, Hungary, and Slovenia, along with the European stock exchange EPEX SPOT, as a shareholder in the company ADEX. The signing ceremony was attended by Hungary’s Minister of Foreign Affairs and Foreign Trade, Peter Sijarto, Slovenia’s Minister of Environmental Protection, Climate, and Energy, Bojan Kumer, and Serbia’s State Secretary in the Ministry of Mining and Energy, Veljko Kovačević.
