EPS to help SEEPEX strengthen Serbia’s intraday power market

Serbia’s power exchange, SEEPEX, has reached an agreement with state-owned utility Elektroprivreda Srbije to work together on strengthening the intraday electricity market.

SEEPEX is proud to announce the signing of a strategic agreement with Elektroprivreda Srbije (EPS), Serbia’s largest power utility company, aimed specifically at securing its support for the organized intraday continuous (IDC) electricity market, the power exchange said.

SEEPEX is part of ADEX, which was established in 2022 through a corporate merger between Slovenian energy exchange BSP SouthPool and its Serbian counterpart. In December 2024, ADEX Group completed a merger with the Hungarian Power Exchange (HUPX).

The agreement between SEEPEX and EPS marks an important step forward in strengthening SEEPEX’s organized IDC electricity market, which will also help improve the integration of renewable energy sources, according to the update.

EPS will actively support and participate in the SEEPEX IDC market

Through this partnership, EPS will actively support and participate in the SEEPEX IDC market, enhancing its liquidity and encouraging engagement from all 32 IDC members.

“We believe this collaboration will position the SEEPEX IDC market as a trusted and dynamic platform for electricity trading across the region and beyond,” SEEPEX stressed.

SEEPEX launched the intraday market in July 2023

The contract aims to secure daily offers from EPS to encourage other participants to access the market and start trading, Balkan Green Energy News has learned.

In October 2023, SEEPEX signed a market-maker agreement with EPS for the intraday continuous market.

SEEPEX launched the intraday market in July 2023, with 16 out of 20 registered participants active on the first trading day. The participants came from Serbia, neighboring countries, and the European Union. The SEEPEX intraday market now has 32 participants.

With the launch of the IDC market, SEEPEX became the first organized market in the region to fully implement all aspects of an organized market, according to company’s CEO Miloš Mladenović.

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August 11, 2025

by AEA in News

Romanian bourse BRM joins power auctions within European Single Intraday Coupling

The Romanian Commodities Exchange – Bursa Română de Mărfuri (BRM), the country’s second nominated electricity market operator (NEMO), has joined intraday auctions (IDAs) under the European Single Intraday Coupling (SIDC) framework. With this move, BRM becomes part of the operational IDA system, launched across Europe in June 2024, according to a press release from European power exchange EPEX Spot.

Other partners involved in the Regional Integration Project (RIP) are the Hungarian Power Exchange (HUPX), the Independent Bulgarian Energy Exchange (IBEX), the Romanian Electricity and Gas Market Operator (OPCOM), Bulgaria’s Electricity System Operator (ESO), Hungary’s Independent Transmission Operator Company (MAVIR), and Romanian transmission system operator Transelectrica, said EPEX Spot.

BRM’s integration marks the second wave of the European IDA rollout, which began on June 13, 2024, when NEMOs and transmission system operators (TSOs) introduced the pricing of intraday cross-zonal capacity through three pan-European auctions, it added.

It is another key milestone in enhancing Europe’s single power market

By integrating BRM, the SIDC framework has reached another important milestone, increasing the efficiency of the single European electricity market, EPEX Spot said. The market has become more liquid and increasingly competitive, in line with its core objectives of ensuring efficient, fair, and non-discriminatory functioning.

Future waves of the IDA rollout will expand its geographic scope

The European power exchange added that future waves of the IDA rollout would continue to expand its geographic coverage and product scope, further enhancing the EU’s internal electricity market.

The SIDC is a market mechanism within the intraday timeframe based on continuous trading and complemented by three intraday auctions, or IDAs. It enables market participants to trade electricity continuously across Europe on the day it is needed. Additionally, IDAs enable pricing cross-border capacity within the intraday timeframe, according to the press release.

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