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🌏 It was my honour to participate as panellist at the renowned ETCSEE - Energy Trading Central & South Eastern Europe 2024 conference in Budapest, Hungary! Two days filled with insightful discussions on electricity trading in Central and South Eastern Europe. Grateful for the opportunity to engage with industry leaders and experts in this dynamic field. #EnergyTrading #Budapest #ETCSEE2024.
July 2024 Electricity Trading Update: 🔌 Total Electricity Traded: 98,842 MWh 💶 Average Price: 137 EUR/MWh ⚡ Average Daily Volume: 3,188 MWh During Peak Hours (09:00 - 20:00): 🔋 Peak Volume: 2,181 MWh 💰 Average Peak Price: 123 EUR/MWh Thank you for your continued trust in MEMO’s DAM!⚡ #MEMO #ElectricityTrading #Power
📌 Today in MEMO DOOEL Skopje, the handover of the position of CEO of the National Electricity Market Operator- MEMO took place between the outgoing CEO, Simon Shutinoski, and the newly appointed CEO of the National Electricity Market Operator, Zoran Gjorgjievski. 🤝 Shutinoski wished Gjorgjievski successful work, and the realization of upcoming projects aimed at further modernizing the electricity market operator, which includes the Macedonian power exchange. Gjorgjievski expressed his gratitude to Shutinoski for their collaboration and announced that he will work honestly and be dedicated to developing the Macedonian electricity market in all its segments. Shutinoski held the position of Director of the Subsidiary – Electricity Market Operator and Member of the Management Board of JSC MEPSO from 2017 to 2019 and was the CEO of MEMO DOOEL Skopje since its establishment in 2019. Gjorgjievski brings extensive experience to his new role. He has been part of the electricity market operator since 2014, and since the establishment of MEMO, he has managed the department for the organized electricity market. #MEMO #power #trading #dayaheadmarket
📈 A working meeting was held at the premises of the National Electricity Market Operator (MEMO) with representatives from USAID and the Connect for Growth (C4G) project. 📍 The meeting discussed MEMO activities supported by USAID within the regional project - Energy bridge and Connect for growth-C4G, which aims to achieve market coupling of the power exchanges between Greece, North Macedonia, Kosovo, and Albania in order to access the single European electricity market. ✅ The contribution of MEMO in the implementation of the project and the efforts for the successful realization of market coupling were emphasized. By the end of 2026, we expect market coupling with an EU member state. #MEMO #marketcoupling #electricity #trading
✅ Productive meeting with Peter Holicza Ph.D. Deputy State Secretary for EU Affairs & International Relations at the Ministry of Energy in Budapest. The focus of the discussion was on the benefits of the functioning of the Macedonian power exchange and its integration with the single European electricity market. 🌏 The importance of market coupling with the power exchanges from the neighbouring countries especially from the member states of the European Union was emphasized. This coupling allows direct access to regional markets, increases market opportunities for participants in the Macedonian electricity market and provides greater flexibility in energy trading. 📈 MEMO continues to work dedicatedly on advancing the organized electricity market, introducing new trading segments, modernizing, and following global trends in this domain. #MEMO #energy #trading #power
📈 Discover the latest projects and benefits of the Macedonian power exchange! Simon Shutinoski, CEO of the National Electricity Market Operator (MEMO), shares insights with CEENERGYNEWS on MEMO's development. ♻ Explore the future of organized electricity trading and upcoming projects. #Energy #Electricity #Trading #MEMO
Ahead of the Energy Week Western Balkans by Invest In Network, we spoke with Simon Shutinoski, CEO of the Macedonian Electricity Market Operator (MEMO Ltd) about: ✔ the main challenges in establishing the first power exchange in #NorthMacedonia; ✔ the successful launch of the organised #electricity day-ahead market; ✔ and the next steps to develop the organised intra-day market and its coupling with neighbouring intra-day markets.
✅ Continuous cooperation between the National Electricity Market Operator - MEMO and the Energy Community. Simon Shutinoski, CEO of MEMO, held bilateral meeting with Artur Lorkowski, Director of the Energy Community, who presented the 2023 Energy Community Implementation Report in the Macedonian Assembly, yesterday. 🌐 At the meeting, the benefits of organized electricity trading and the projects of the Macedonian power exchange for market coupling with the single European electricity market were emphasized. Director Artur Lorkowski welcomed the institution's commitment to implementing necessary reforms to modernize the energy sector, as well as current projects aimed at coupling the Macedonian electricity market with the neighboring power exchanges. ♻ In the coming period, it is necessary to transpose the European regulations into Macedonian legislation, a process in which MEMO is actively involved. The most important step is the adoption of the new Energy Law, which is crucial for the further realization of market coupling projects. #marketcoupling #electricity #trading #MEMO
MEMO Ltd welcomes TRELING DOO Skopje, as new member of the Exchange. 🌎 The first trading day for TRELING was on 18.06.2024 📅 TRELING DOO 💡 TRELING DOO Skopje is a company that holds an electricity supply license and is an active participant in the electricity market. TRELING owns EIC code for electricity supply and EIC code for virtual electricity producer. The company main goal is to provide the best electricity supply service to the customers with high reliability at low prices while offering them technical solutions to increase their energy efficiency. The assignment of the company is to associate the name TRELING with professionalism, reliability, innovation and honesty in the field of electricity supply and finding solutions for energy efficiency. #energy #trading #power #members #dayahead
MEMO Ltd welcomes INFINIT ENERGY as new member of the Exchange. 🌎 The first trading day for INFINIT ENERGY was on 04.06.2024 📅 INFINIT ENERGY 💡 INFINIT ENERGY DOOEL Skopje was founded in December 2022. The core business activity of the company is energy trading and electricity supply in the Republic of North Macedonia and in the Republic of Albania and Kosovo. The company main goal is to provide their customers with a lower price of electricity and uninterrupted supply. The team in INFINIT ENERGY is fully available for all questions related to the rules and regulations of electricity supply. #energy #trading #power #members #energyexchange #dayahead
🌟Simon Shutinoski, CEO of MEMO moderated a panel session at the MEF Energy Forum 2024, focusing on the emerging trends and challenges tied to the increasing investments in renewable energy sources. 🌏 The panelists discussed about potential of electricity trading and the significance of introducing new trading segments aligned with european trends. 📈МЕМО played an important role in establishing an organized day-ahead market, ensuring guaranteed payments and delivery of electricity. The opportunities offered by the electricity market in the country have increased through transparent and reliable mechanisms for trading electricity at reference prices, so we can finally say that North Macedonia has its own reference price for electricity. 👏Congratulations to the organizers MEF Energy Forum 2024 for bringing together key players from the energy industry, including representatives from both the public and private sectors, diplomatic core as well as field experts. #MEF2024 #MEMO #RenewableEnergy #PowerTrading #EnergyManagement #SustainableFuture
CEO at HUDEX and Director of markets at HUPX.
2moIt was a pleasure meeting you in Budapest.