Croatia's HROTE to trade RES electricity on CROPEX from Jan 1

ZAGREB (Croatia), May 20 (SeeNews) – Croatia’s energy market operator, HROTE, will start trading large amounts of electricity from renewable sources (RES) on the country’s power exchange, CROPEX, in the beginning of next year, it confirmed for SeeNews on Friday.

In line with the law on renewable energy and high-efficiency cogeneration adopted by parliament in September, HROTE will act as a balance responsible party for renewable energy projects within the feed-in scheme in Croatia and will sell on the electricity market RES electricity from January 1, 2017, a spokesperson told SeeNews in response to an emailed inquiry.

This move is expected to provide a big boost to liquidity on CROPEX.

Currently, electricity suppliers in Croatia are obliged to purchase RES electricity - under the feed-in scheme - from HROTE at regulated prices.

Croatia's energy regulator has named CROPEX, which was launched in February, as a Nominated Electricity Market Operator (NEMO) for a single day-ahead and intraday market coupling for the next four years.

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