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.

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