A STEP TOWARDS A SINGLE EUROPEAN ELECTRICITY MARKET ...
BELGRADE, 3 December – 34 European Transmission System Operators (TSO), including the Serbian TSO, signed an Inter TSO compensation Agreement (ITC Agreement) that includes the transmission networks of all EU members, as well as those of non-EU countries and countries from the SEE region.
This Agreement enables TSOs to regulate transmission network charges for Inter-TSO Compensation – ITC.
This mechanism, which was approved by 39 electricity transmission companies from the countries encompassed by this Agreement, amongst which is Elektromreza Srbije – EMS, will come into force on 1 January 2008 and it represents one of the key premises for creating a single European electricity market.
The Agreement defined procedures according to which all the regulatory agencies of those countries whose TSOs signed the Agreement were obliged to express potential disagreement with this Agreement within the defined timeline. As none of the regulatory bodies, including the Energy Agency of Serbia, submitted remarks, the Agreement was validated.
The Agreement, with an initial validation period of two years (2008-09), will simplify electricity transmission in Europe and will unify, in this area of activity, markets of the EU members and non-EU members, including SEE countries and Serbia.
The new Pan European ITC Agreement enables the removal of charges for electricity transmission between countries, which will make the trading and integration of European electricity markets easier, said ETSO (European Transmission System Operators).