Montenegro closer to EU electricity market integration
- Podgorica, (MINA-BUSINESS) – The Energy Community Secretariat announced that Montenegro has completed transposition of the Electricity Integration Package, the Ministry of Energy and Mining said, adding that this boosts both the energy transition and electricity market competitiveness.
Podgorica, (MINA-BUSINESS) – The Energy Community Secretariat announced that Montenegro has completed transposition of the Electricity Integration Package, the Ministry of Energy and Mining said, adding that this boosts both the energy transition and electricity market competitiveness.
The Secretariat said in a press release that this step paves the way for Montenegro to join the EU’s Single Day-Ahead Coupling (SDAC) and Single Intraday Coupling (SIDC), even ahead of EU accession.
“A key precondition to that is a verification of compliance by the Energy Community Secretariat and the European Commission,” press release says, adding that Montenegro is now stepping up efforts.
On 15 February, Montenegro finalized the transposition of the Electricity Integration Package with the adoption of the two remaining pieces of legislation, namely, two governmental decrees setting out rules for system operation and emergency and restoration.
“Together with the Energy Law and the recently adopted Law on Cross-Border Exchanges in Electricity and Natural Gas, the completed legal framework aims to provide clearer investment signals, strengthen regional cooperation, reinforce fair competition, and enhance security of supply,” the press release reads.
Montenegro is the third Energy Community Contracting Party to fully transpose the Electricity Integration Package. Serbia and Moldova completed transposition last year, with Serbia currently in the process of verification.
The Ministry said that the Energy Community Secretariat welcomes this achievement and stands ready to support Montenegro in ensuring the effective implementation of the new legal framework.