Hungary, Serbia and Slovenia will start operating a regional electricity market in 2024, the energy ministry said on Thursday. A Budapest-based holding company will be established for the purpose by the end of 2024. The company will be owned by the transmission system operators of Hungary, Serbia and Slovenia. European power exchange EPEX SPOT, to provide the technology for the new bourse, will also hold a stake.
The new exchange will cover the regions of Central Europe and the Northern Balkans. The ministry said the regional cooperation would boost the enterprise value of the Hungarian Power Exchange (HUPX) on which transactions affecting 60-70 percent of domestic consumption are brokered.
