Montenegro got the Energy Stock Exchange

#ElektroprivredaCrneGore #ToninoMaglio #CrneGore

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CEOs of Montenegrin power utility Elektroprivreda Crne Gore (EPCG )Tonino Maglio , Montenegro’s electricity market operator (COTEE), Milan Radovic, and Managing Director and Chairman of the Montenegrin Electric Power Transmission System Director (CGES), Ivan Bulatovic and Dragan Laketic, signed the Founding Contract and the Statute of the Stock Exchange Electric Company Energy DOO.

The Minister of Economy, Dragica Sekulic, said that by this act, substantial conditions have been created for a better and more competitive electricity market in Montenegro.

“This means that Montenegro will, besides becoming an energy hub in the infrastructure sense by building a submarine cable, by creating its own stock market, will be able to sell electricity in Montenegro under more transparent and high quality conditions. For energy companies it means it will have equal conditions for all for electricity trading, and for citizens it means that as soon as we get a more competitive market we can speak about cheaper electricity for consumers, “Sekulic said.

CGES Executive Director Ivan Bulatovic said that the signing of the founding contract and the stock exchange statute in Montenegro represents a strong step in the creation of the regional electricity market.

“Today’s stock market foundation is extremely important because energy companies, as well as consumers in Montenegro, will be able to trade with electricity in the future as with a good on stock exchanges, fueling the competitiveness and transparency of the entire process, which will also influence the creation of the reference electricity price,” Bulatovic said.

Source: Radio Television Montenegro