АЕRS: APPROVAL TO ELECTRICITY MARKET CODE
Wednesday, December 19, 2012.
On December 19, the Council of the Energy Agency of the Republic of Serbia approved Electricity Market Rules which were drafted by the PE “Elektromreže Srbije”. One of the most important and most complex bylaws has been completed after enduring work, set of amendments, corrections and harmonisation being made and upon public hearing procedure.
Drafted in line with the Energy Law and the European Union regulations, the Electricity Market Rules regulates the principles, rules and procedures in the wholesale market in the Republic of Serbia and the contractual framework which regulates the rights and obligations of market players in more detail.
In particular, the Market Rules sets the rules for balance responsibility, balancing market and calculation of imbalances and financial settlement between balancing responsible parties.
The adoption of the Market Rules enables the establishment of an indispensable legal framework for further development and efficient electricity market functioning based on competition principle and for its integration in the common European market.
To download the text of the Market Rules, please click here.