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

What does a big fat Slovak wedding look like?

Eating cock meat or noodles with human milk used to be a part of a Slovak wedding, but to most couples today, having a candy bar or professional photographer is more important than observing traditions.

Illustrative stock photo

Spectacular Slovakia: Anti-Ottoman Bastion on film Video

Štiavnické Bane was the centre of the technical, cultural and religious education of the Austria-Hungary monarchy beginning in the 15th century.

The first Slovak satellite goes into orbit

After five years of construction, SkCUBE is ready to fly

Another salary negotiation at Volkswagen fails Photo

The strike continues, the representatives of the trade unions say it would be a mistake to give up.