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Three CEE countries sign Memorandum on Unified European Energy Market

Slovakia, the Czech Republic and Hungary have agreed to create a single European energy market. Representatives of national regulators, transit network operators and institutions responsible for organising national energy markets have signed a memorandum on cooperation to create an integrated single European energy market.

Slovakia, the Czech Republic and Hungary have agreed to create a single European energy market. Representatives of national regulators, transit network operators and institutions responsible for organising national energy markets have signed a memorandum on cooperation to create an integrated single European energy market.

“Signatories of the memorandum, striving to make a step forward and manage the regional integration of their energy markets, have agreed to incorporate Hungary's electricity market area in the interconnected Czech and Slovak markets in the course of 2012, using the methodology of interconnecting markets via a single price,” said Miroslav Lupták, a spokesman for the Regulatory Office for Network Industries (ÚRSO), as quoted by the SITA newswire. The countries said they consider regional interconnection a logical first step before interconnecting with western Europe.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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