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Western European electricity market Epex Spot eyes entering Lithuania

BC, Vilnius, 13.06.2017.Print version
Epex Spot, the electricity market operating in Germany, France and other countries in Western Europe, intends to enter Lithuania, reports LETA/BNS.

The National Commission for Energy Control and Prices said it had received an application in late May from Epex Spot notifying the intention to offer day-ahead and intraday trading services with delivery in the Lithuanian Price Area. The commission intends to give its answer to the market within two months.


Currently, the Nordic electricity market Nord Pool operates in Lithuania, therefore, the new platform would offer competition. Darius Bieksa, a member of the commission, the situation is new in Lithuania's, as no trading platforms competed in the country until now.


"This is yet another platform for trade. Many platforms are involved on the market, and the competition is allowed. (…) We are at the limit, with certain trade platforms in Poland, we went to the Nordic countries because of liquidity, however, the operators plan their operations on the market and how they see it. It will be interesting whether the other operator will start making pricing pressure, this is the first case, I have no analogies," Bieksa told BNS.


Epex Spot has been, to date, operating on the electricity market s of Austria, Belgium, France, Germany, Luxembourg, Switzerland, the Netherlands and the United Kingdom. Moreover, it has operations in Denmark, Finland, Poland and Sweden.


Some 45.2 terrawat-hours of electricity were traded on Epex Spot in May.


Epex Spot is owned by EEX Group, the operator of various energy resource trading platforms.






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