Press Release - Establisment of SEE CAO

Podgorica, Montenegro, April 2014

On 27th March 2014, a Coordination Auction Office in South East Europe was established. Representatives of the TSOs from 7 SEE countries have signed the agreement for establishing SEE CAO. That was the last step of completing the tasks of eighteen months of dedicated work of the Project Team Company in Charge of establishing a Coordinated Auction Office in South East Europe (hereinafter: PTC), supported not only by respective TSOs but also by the IFIs - EBRD, KFW and USAID, which involved the development of legal, financial, technical and operational framework for the functioning of the Coordinated Auction Office in South East Europe (hereinafter: SEE CAO).

Based on the abovementioned the process of preregistration of the PTC into SEE CAO already started with theMontenegrin Central Register of Commercial Entities in Podgorica on 1st of April 2014. 

Shareholders of the SEE CAO are TEIAS, IPTO, HOPS, NOS BiH, CGES, OST and KOSTT.

SEE CAO as first regional implementation project in South East Europe is open also for other SEE TSOs willing to join the company in order to strengthen the coordinated congestion management in SEE. This will bring it in line with those in the other regions of Europe and optimize cross border capacity allocation for the benefit of electricity customers in SEE.

Next steps towards fully operational  SEE CAO will be presented at the Athens Forum, 2-3 June 2014.

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