Electricity market in Serbia

Electricity market includes:

• bilateral electricity market;

  Bilateral electricity implies the market where electricity is directly bought and sold among market participants in line with the electricity supply contract.

• balancing electricity market and

  On the balancing electricity market, transmission system operator buys and sells electricity from market participants for balancing purposes and in order to provide safe system operations.

• organised electricity market.

  Organised electricity market implies institutionally-regulated relation between the supply and the demand of electricity market participants with standardised products and physical delivery determined in advance, day ahead and intraday.

Electricity market participants may include:

• electricity producer;
• supplier;
• wholesaler;
• final customer;
• electricity transmission system operator;
• electricity distribution system operator;
• closed electricity distribution system operator;
• market operator
• and other legal persons in line with the organised market code.

Electricity market scheme