BRATISLAVA, August 30, (WEBNOVINY) — Czech, Slovak, and Hungarian national transmission systems operators and energy markets have initiated integration of spot electricity markets at the request of national regulatory offices for network industries. The integration should result in successful interconnection of the Czech, Slovak and Hungarian spot markets. “Project’s steering group guiding the interconnection of markets of these countries has agreed on fundamental principles and the management of organization of integrated markets and confirmed that the interconnection of markets should be launched in the second quarter of 2012,“ informed Slovakia’s Regulatory Office for Network Industries (URSO).
Members of the steering group elected Jiri Strnad group’s chairman. “I am pleased that project’s working groups are diligently working to accomplish the promised launch of interconnected Czech, Slovak and Hungarian markets in the second quarter of 2012. We believe that our project will contribute to the creation of the Internal Electricity Market in Europe in compliance with a binding goal set by the European Council in February 2011,” said Strnad.
European Union’s bodies view the progressive interconnection and extension of European local or regional electricity markets to be an inevitable step towards establishment of the Internal Electricity Market in Europe. This process should be completed by the end of 2012 as scheduled by the EC. Interconnection of Czech, Slovak and Hungarian markets should contribute to the future market integration leading to establishment of the Internal Electricity Market in Europe and improve coordination of a common procedure in integration of markets of the involved countries.
SITA
