Slovenia's Eles, Serbia's EMS set up regional power exchange

The Alpine-Adriatic Danube Power Exchange (ADEX) was established on December 23 through the corporate merging of Slovenian physical day-ahead market and intraday market operator BSP SouthPool and Serbian licensed market operator SEEPEX, with the company’s headquarters in Ljubljana and main permanent offices in Ljubljana and Belgrade, Eles said in a statement.

"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," Eles CEO Aleksander Mervar said.

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 CSEE, Eles noted.

"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," EMS general manager Jelena Matejic said.

The short-term milestones of ADEX will be to deliver a new intraday market in Serbia and couple the pivotal Serbian day-ahead market with the pan-European single day-ahead coupling (SDAC) as soon as possible.