The Macedonian power exchange continues to grow and strengthen. A warm welcome to GSA Energy, our 40th registered...
The National Electricity Market Operator – MEMO LLC, Skopje – held a presentation and public consultation on the “Rules for Registration of Participation in the Electricity Market and Regulation of the Bilateral Contracts Market.” During the event, MEMO’s Annual Report for the current year was also presented.
The consultation was attended by representatives from the Ministry of Energy, Mining and Industry, the Energy Regulatory Commission (RAE), MEPSO, as well as suppliers, traders, and electricity producers. MEMO’s expert teams and management presented the topics and engaged in discussions with participants.
“The CEO of MEMO, Zoran Gjorgjievski, highlighted that the Operator actively pursued its strategic goals this year, integrating functions related to management of the bilateral contracts market, integration of renewable energy sources into the electricity market, and the Macedonian Power Exchange.”
“The number of companies trading on the domestic exchange, as well as the traded volume, continues to grow, indicating higher liquidity and transparency. Currently, 39 companies are actively trading, and compared to 2024, we have seen a 40% increase in traded volume. By October, over 1 TWh of electricity has been traded,” Gjorgjievski emphasized.
He also noted growth in renewable energy production by 178 preferential producers, increasing the share of green energy in the national energy mix. Additionally, the number of Guarantees of Origin issued has risen significantly – from April to date, 127,907 GOs have been issued.
Regarding future activities, Gjorgjievski announced work on establishing an Intraday Market, expected to become operational by the end of Q2 2026, as well as preparations for market coupling with the European market.
Concerning the new Rules for registration and participation in the electricity market and regulation of the bilateral contracts market, it was emphasized that their goal is to ensure an efficient, competitive, and financially sustainable market based on transparency and non-discrimination, in accordance with applicable energy and renewable energy legislation.
The Rules define the organization, operation, and regulation of the electricity market, including the conditions, procedures, rights, and obligations of all participants, methods of trading – domestic and cross-border – as well as the management of procurement, records, and relations with preferential and virtual producers.
A key novelty in the Rules is the introduction of a Storage Operator and Aggregator as new participants in the wholesale market, in accordance with the new Energy Law. Following the public consultation, the Rules will undergo the approval process by the Energy, Water Services, and Municipal Waste Management Services Regulatory Commission of the Republic of North Macedonia.