Electronic platform for energy trading - 300 million lek investment of the Albanian Energy Exchange
The Albanian Electricity Exchange, ALPEX, has announced the opening of the competition for the construction of electronic trading and clearing platforms for the Albania-Kosovo electricity market. The limit fund foreseen for this project is 300 million lek.
According to documents published by the Public Procurement Agency, the trading platform will be a centralized electronic system that will facilitate the functioning of ALPEX in the role of Market Operator, for the wholesale energy markets in the two bidding zones, Albania and Kosovo.
This platform aims to guarantee the effective management of all trading processes, increasing the reliability, control and sustainability of operations. The platform will rely on advanced technologies, with fast transaction execution, minimal delays and anonymity between trading parties.
Among the basic criteria set for this platform are flexibility to adapt to the constant changes in the market and regulatory framework, scalability to cope with the gradual increase in trading volume, high performance in processing transactions, as well as continuous availability through backup systems that ensure the continuity of operations even in problematic cases.
The platform will support the functioning of the two main segments of the energy market, namely the Day-Ahead Market and the Intraday Market, enabling their operation not only at the national level, but also at the regional level, in accordance with the European Union mechanisms for the integration of energy markets.
Furthermore, the system will be interconnected with a number of other important platforms and institutions, such as transmission system operators, cross-border capacity allocation mechanisms, as well as European trading platforms, thus creating an integrated and functional energy exchange network.
At the same time, the project also envisages the establishment of a clearing platform, which will play an essential role in guaranteeing the financial security of the market, through transaction management, risk control, collateral administration and the fulfillment of financial obligations between parties.
The document emphasizes that this platform will ensure accurate and transparent processing of all financial operations related to energy trading, including real-time integration with banking systems and cross-border settlement mechanisms.
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