According to data from the National Electricity Market Operator (MEMO), 177 renewable electricity producers with a...
Interview with Anže Predovnik, CEO of the Slovenian Power Exchange BSP and Chairman of the Management Board of the ADEX Group
The partnership between BSP and MEMO represents a significant and strategically important step for the electricity market in the Republic of North Macedonia on its path toward the integrated European electricity market. With the signing of the contract to establish the Intraday Electricity Market and project implementation planned for completion in Q2 2026, North Macedonia will reach a key milestone in strengthening its market infrastructure and regional integration. This achievement reflects a strong joint commitment built on expertise, trust, and an excellent partnership. We are proud that BSP and our dedicated team are contributing to this important development for the North Macedonian power market, says Anže Predovnik, CEO of the Slovenian Power Exchange BSP and Chairman of the Management Board of the ADEX Group, in an interview for MEMO Info.
What are the key benefits of introducing the Intraday Electricity Market?
The introduction of the Intraday Market will bring substantial benefits to market participants in North Macedonia. It will enable improved balancing opportunities and provide additional trading possibilities, allowing participants to adjust their positions closer to real time. Intraday Continuous (IDC) trading is increasingly recognized as a fast-growing and strategically important market segment. With the rising share of renewable energy sources, flexibility and continuous portfolio optimization are becoming essential. The Intraday Market supports this need by allowing participants to react to market changes and unforeseen developments throughout the day.
Moreover, establishing the Intraday Market is a crucial step in preparing the North Macedonian market for future market coupling and deeper integration with regional and European markets.
At what stage is the project currently, and what are the next steps?
The project is currently in the design phase. In the coming weeks, a dedicated workshop with Macedonian market participants will be organized. This will be an important milestone to ensure that all stakeholders are fully aligned with the market model, understand the operational framework, and are technically prepared for the official launch planned in May. System readiness, participant preparedness, and clear communication remain key priorities as the project progresses toward go-live.
What are the main challenges in introducing intraday trading?
Introducing intraday trading in a new market comes with specific challenges. Unlike the Day-Ahead Market, where trading activity is concentrated around the Gate Closure Time (GCT), intraday trading operates continuously, 24/7. For the same product, multiple transactions can occur at different prices, requiring market participants to adapt their trading strategies, internal processes, and operational setups. One of the main challenges lies in ensuring robust system readiness and operational stability. Continuous trading demands constant availability and seamless functioning of both technical systems and operational processes. This requires thorough preparation, comprehensive testing, and close coordination among all stakeholders to guarantee smooth and reliable market operation from day one.
What role does this market play in regional and European integration?
The establishment of the Intraday Market plays a pivotal role in integrating the Macedonian electricity market with regional and European markets. It strengthens market transparency, enhances flexibility, and aligns North Macedonia with European market standards and practices.
Based on the successful implementation of the Day-Ahead Market segment – reflected in the strong growth in the number of participants and traded volumes, we are confident that the introduction of the Intraday segment will also ensure a smooth onboarding of market participants and enhanced growth of liquidity and trading activity on the Intraday Continuous (IDC) market.
What is your message regarding the future development of the market?
Together with MEMO, we are proud to support this strategically important transformation – a project that not only modernizes the national power market but also brings North Macedonia closer to full participation in the integrated European electricity market.
MEMO Info