MEMO Ltd

📈 In September 2024, according to data from the National Electricity Market Operator MEMO Ltd, 19,911,264 KWh were produced by 177 preferential producers of electricity from renewable sources in the country, which represents an increase of 65,7 % compared to September 2023.   🔗 https://lnkd.in/dmmPTy8X

📍 Today, a working meeting was held at the National Electricity Market Operator MEMO Ltd with representatives from the BSP Energy Exchange LL C management. 📈 The discussions between MEMO's CEO, Zoran Gjorgjievski, and Anže Predovnik, Executive Director of BSP and the Alpine-Adriatic Danube Power Exchange (ADEX), focused on intensifying cooperation and the importance of adapting European legislation locally to integrate successfully into the single European electricity market. ✅ Additionally, emphasis was placed on BSP's unwavering support for realizing the project in which MEMO is involved, aimed at market coupling with neighboring power exchanges. This refers to the Southeast Europe Market Coupling (SEE MC) project within the framework of the Italian Borders Working Table (IBWT)—market coupling. ♻ With the support of partners such as EPEX SPOT, BSP Energy Exchange LL C, the Влада на Република Северна Македонија | Government of the Republic of North Macedonia, the Energy Community, USAID, and other key stakeholders, MEMO Ltd continues to grow into a modern company that provides best practices in electricity trading. #MEMO #marketcoupling #electricitytrading

📍 At the proposal of the Ministry of Energy, Mining, and Mineral Resources, the Government has adopted a Decree on Guarantees of Origin (GOs), enabling the National Electricity Market Operator-MEMO Ltd to begin issuing these important certifications. ♻ A Guarantee of Origin is an electronic document that certifies to consumers that a specific share or quantity of energy is generated from renewable sources. Widely used across the European Union, GOs promote transparency, environmental responsibility, and consumer trust in the energy market. ✅ MEMO will establish and manage the register for GOs, overseeing the issuance, transfer, recognition, and cancellation of these documents, aligning further with European energy standards. 🖇 https://lnkd.in/ebgCKt6s

Monthly Report - September 2024🚀 🔌 Total Electricity Traded: 78,068 MWh 💶 Average Price: 106 EUR/MWh ⚡ Average Daily Volume: 2,602 MWh During Peak Hours (09:00 - 20:00) 🔋 Peak Volume: 1,703 MWh 💰 Average Peak Price: 105 EUR/MWh Thank you for your continued trust in MEMO’s DAM!⚡ 🖇 https://lnkd.in/dMxasUaE #MEMO #ElectricityTrading #Power

📈 In August 2024, according to data from the National Electricity Market Operator MEMO Ltd, 19,900,853 KWh were produced by 177 preferential producers of electricity from renewable sources in the country, which represents an increase of 17.7% compared to August 2023. 🔗 https://lnkd.in/d8M6E3iD #MEMO #renewable #energy #increse

📍 Working Meeting Between the Management of the National Electricity Market Operator (MEMO) and EVN Macedonia. 📈 The CEO of MEMO Ltd, Zoran Gjorgjievski, met with the Chairman of the Management Board of EVN Macedonia, Wolfgang Maier, and Igor Gievski, Member of the Management Board of EVN Macedonia, to discuss opportunities for deepening cooperation between the two institutiоns, as well as the current situation in the energy sector. ♻ The discussion also focused on the importance of integrating renewable energy sources into the electricity market and implementing decarbonization projects to build a reliable electricity sector prepared for the challenges of the green transition. 🌐 MEMO’s management expressed gratitude for EVN's trust in MEMO, particularly regarding their active participation in the Macedonian Power Exchange. #MEMO #energy #greentransition

✅ The All NEMO Committee’s second annual conference in Athens brought together key players in the energy sector. 📍 Our delegation from the National Electricity Market Operator (MEMO) was present at this significant event. Zoran Gjorgjievski, CEO of MEMO, participated in a panel session titled "20 Years of Integrated Markets in Europe: What Comes Next?" alongside Artur Lorkowski, Director of the Energy Community, and regional power exchange directors. The session was moderated by Anže Predovnik, CEO of ADEX and BSP.  📈 Gjorgjievski emphasized the intensive efforts with the Ministry of Energy, Mining, and Mineral Resources to align national legislation with European standards. The aim is to successfully integrate the Macedonian electricity market into the single European market. Achieving this requires a clearly defined certainty in the integration process into the European electricity market. 🌐 With over 100 industry leaders, experts, and policymakers in attendance, the conference focused on shaping the future of European energy markets. #MEMO #NEMOCommittee #2ndAnnualConference

❗ AIB and North Macedonia ❗ Last week MEMO Ltd, the Energy Market Operator of North Macedonia has #joined AIB as #Observer. ➡ Next, MEMO will prepare their application to AIB and then, to the Electricity Scheme. The goal obviously being to have #NorthMacedonia issue #guaranteesoforigin that are compatible with the #EECSstandard and that can be transferred internationally over the #AIBhub Stay tuned...

📍 MEMO representatives had a productive meeting with USAID representatives at the National Electricity Market Operator (MEMO). The discussions focused on MEMO's current activities within the regional projects supported by USAID, such as Energy Bridge and Connect for Growth (C4G). 📊 The successful completion of these projects is anticipated to make a meaningful contribution to the market coupling of the Macedonian electricity market with the Single European electricity market. 📈 MEMO consistently invests in introducing new segments in the electricity market and developing the Macedonian energy sector, adhering to modern standards. #electricitymarket #energy #marketcoupling #MEMO

📍 The National Electricity Market Operator (MEMO) has become a scheme observer member of the AIB - Association of Issuing Bodies based in Brussels. The AIB is the leading European association for energy certification, dedicated to ensuring the integrity and transparency of the European energy market through the standardization of Guarantees of Origin (GOs), which are the unique proof of the origin of renewable energy. ✅ This is the first step towards full membership in AIB and a prerequisite for the introduction of GOs that are recognized and traded in the countries of the European Union and the Energy Community. The goal is to provide consumers with proof that a certain share or amount of energy is produced from renewable sources, thereby stimulating the further development of electricity production from renewable sources in our country. 🔴 These important modern processes in the energy sector, already established in European Union countries, are part of MEMO's activities, realized through intensive cooperation with the Ministry of Energy, Mining and Mineral Resources and in accordance with European regulations. #greenenergy #GOs #energycertification