Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Electricity markets will unite

SLOVAKIA, the Czech Republic and Hungary will unite their electricity markets within the Market Coupling project as of September, the SITA newswire reported on August 20.

SLOVAKIA, the Czech Republic and Hungary will unite their electricity markets within the Market Coupling project as of September, the SITA newswire reported on August 20.

“The project is another step toward providing the [entire] inner European market with electricity,” said representatives of the Slovak Electricity Transmission System (SEPS), the country’s electricity grid operator, as quoted by SITA.

Testing of the new market environment was launched in August. Based on the positive results the participants in the Market Coupling project agreed that trading will begin on September 11, while customers will start to receive electricity on September 12.

The whole project aims to contribute to greater liquidity in the electricity market between the participating countries. Moreover, traders will no longer have to reserve and purchase the cross-border transmission capacities of the other countries in the region, SITA wrote.

Top stories

Problematic highway stretch, Turany-Hubová, will go via Korbeľka tunnel

This variant is more environmentally friendly compared with the surface variant originally planned.

Landslide during construction of the highway near Šútovo in 2013.

400 types of Slovak seeds will be placed in the World Gene Bank at Spitsbergen Photo

Slovak Agriculture Ministry works is storing the seeds on the Svalbard archipelago.

World Gene Bank in Spitsbergen, Norway

Talent is not always enough - sport is an expensive hobby

Promising young athletes often do not have the chance to bring their talent to the next level due to lack of funds.

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.