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AERS APPROVED THE AGREEMENT BETWEEN SERBIAN AND ROMANIAN TRANSMISSION SYSTEM OPERATORS

BELGRADE, Tuesday, November 27, 2012.

On its session held on November 27, the Agency Council approved the Agreement between transmission system operators of the Republic of Serbia (EMS) and of the Republic of Romania (Transelectrica), on procedure and manner of allocation of access rights to cross-border capacities for 2013, submitted by the Public Enterprise for electricity transmission and transmission system operation “Elektromreža Srbije”.

AERSConcluded in line with the European Union directives, The Treaty Establishing the Energy Community, national legislation and by-laws in both countries, the Agreement will provide for a transparent procedure for of cross-border capacity allocation between control areas of EMS and Transelectrica via coordinated auctions.

There are three annexes to the Agreement referring to annual, monthly, daily and intraday auctions. Operators’ jurisdiction is divided and therefore, on behalf of both operators, one of them will organise procedures for the allocation for the relevant time horizon. For 2013, daily auctions will be organised by EMS, while annual, monthly and intraday ones will be organised by Transelectrica.

In comparison to the previously approved general Rules for the Cross-Border Capacity Allocation on the Borders of the EMS Control Area, the implementation of this Agreement will provide for greater possibilities to market players and improve conditions for electricity market development in the southeastern Europe and its integration into the European market.

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