Coordinated Auction Office in South East Europe (SEE CAO) was incorporated in 2014 after few years of intensive preparation, as legal successor of Project Team Company, whose aim was to provide and ensure complete technical, financial and legal framework for successful establishment of the first auction office in South East Europe.
Operations of SEE CAO comply with the principles set forth in the Treaty establishing the Energy Community, concerning harmonization of congestion management methods in SEE, the common rules for the internal market in electricity and where applicable, its implementation in the national legislation of concerned countries relating to each of them.
SEE CAO was founded by TSOs from the region of South East Europe (HOPS, NOSBiH, CGES, OST, KOSTT, IPTO, TEIAS, and additionally, MEPSO) – with the objective to perform the explicit allocation of cross-border transmission capacity in both directions between Control Areas of Participating TSOs, through NTC-based Auction Processes in accordance with the requirements of Regulation (EC) 714/2009 of the European Parliament and the Council on conditions for access to the network for cross border exchanges in electricity. Today, apart from providing services to its shareholders, SEE CAO also manages allocations on Italy–Montenegro border and qualifies Italian TERNA as a non-shareholding Service User.
Within such approach, SEE CAO performs allocation of long-term and daily physical transmission rights on 10 Bidding Zone borders by applying Harmonised Allocation Rules, in line with EU Regulation 2016/1719 (FCA Network Code) and complying with EU Regulations 543/2013 (EMFIP) and 1227/2011 (REMIT). SEE CAO has commenced with yearly auctions for 2015 and up to this date is performing capacity allocation by conduction of coordinated explicit auctions using NTC-based method, on the entire flow from Croatia to Türkiye, with which it verifies its crucial significance in the deregulating and liberalising electricity market in South East Europe.
SEE CAO registers more than 190 market participants, out of which more than 60 are from the region of EU and prosperously maintains excellent business cooperation with all of its partners. Up to date, SEE CAO has successfully managed more than 100 long-term auctions and more than 3000 daily auctions, with 100% efficiency and flattering good results which contribute the fact that our company strengthens its position as the energy trading centre of South East Europe.