Intraday Market Launched by MEMO – A New Level of Flexibility and Efficiency in the Energy Sector

May 6, 2026, Skopje – The National Electricity Market Operator, MEMO LLC Skopje, officially marked the launch of the Intraday Market. This event, held in the presence of high-level representatives from the Government, the energy sector, institutions, and international partners, represents a significant step forward in further developing the organized electricity market in the country.

The Intraday Market is a new segment that enables electricity trading during the day of delivery, increasing system flexibility, improving efficiency, and significantly reducing the risks of market deviations and imbalance costs.

Prime Minister Hristijan Mickoski, in his address, emphasized that the establishment of the Intraday Market demonstrates progress driven by a clear vision and concrete reforms that deliver results.

“At a time when energy is one of the most critical issues for every country, our obligation is to create a system that is secure, competitive, and resilient to global challenges. The Intraday Market delivers exactly that. With this platform, we gain greater flexibility in managing the power system, better balancing, and more efficient real-time use of energy.

This is especially important at a time when the entire European continent is undergoing an energy transition. Our country must not stand aside. On the contrary, it must be an active participant in European energy flows and policies,” said Mickoski, highlighting the role of MEMO LLC Skopje as the national electricity market operator.

Sanja Božinovska, Minister of Energy, Mining and Mineral Resources, noted that the introduction of the Intraday Market is not the final destination.

“This is just the starting point for our full integration into the European energy family. In the coming period, we will continue with further steps—developing market mechanisms, deepening regional cooperation, and joining European market coupling processes,” Božinovska stated.

The event was opened with a welcoming address by MEMO’s General Director, Zoran Gjorgievski, who stressed that the official launch of the intraday market brings final precision to the Macedonian energy sector.

“From today, our market not only plans for tomorrow—it operates in real time. The Intraday Market is a direct response to the dynamics of the modern energy sector. In an organized market, prices are not set administratively, but through supply and demand. A clear price signal is the foundation of an efficient system—it enables proper resource allocation, better risk management, and rational investments, especially in renewable energy sources.

At the same time, we must be aware of the challenges. New European regulatory mechanisms, such as CBAM, while aimed at climate goals, may create additional burdens for domestic producers and affect market liquidity.

Therefore, our position is clear: the green transition is necessary, but it must be fair, gradual, and economically sustainable. We must not allow measures intended to accelerate it to instead slow it down. As part of the European energy system, MEMO remains committed to integration, fair conditions, and free competition,” said Gjorgievski.

Anže Predovnik, CEO of BSP and Chairman of the Board of ADEX, highlighted the importance of establishing the Intraday Market.

“Today we have a great reason to celebrate. Joint efforts, the clear vision of the Government of North Macedonia, the dedication of the MEMO team, and our cooperation made this possible—the Macedonian intraday electricity market has officially started operations. What lies ahead is integration into the single European market. Together, we will build a more connected and competitive future,” said Predovnik.

Martin Martinovski, electricity and statistics expert at the Energy Community, emphasized the importance of the intraday market’s establishment.

“As market integration with the EU progresses, the intraday market will position North Macedonia as a reliable partner in the regional power system, where each megawatt of low-carbon flexibility can, over time, contribute to balancing neighboring systems—and vice versa. The Energy Community Secretariat congratulates the market operator MEMO, BSP as the service provider, and the state institutions whose dedication made this achievement possible. We remain committed to the shared path toward integration into the EU’s internal electricity market,” said Martinovski.

During the event, it was emphasized that the introduction of the Intraday Market represents a key step toward modernizing the energy sector, strengthening integration with European markets, and enhancing price signals as the basis for efficient market functioning. The event concluded with the official start of Intraday Market operations.

With this step, MEMO confirms its role as a modern electricity market operator and an active participant in European energy integration.

MEMO implemented this advanced service in close cooperation with its strategic partners from BSP, relying on globally proven technology—the M7 platform by Deutsche Börse.