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Electricity Market Code

The purpose of the project is to establish the Electricity Market Code and to define an adequate market environment for the initial period of its operation. These are only some of the activities which follow the opening of the Croatian energy market.

The Electricity Market Law stipulates that it is the market operator who has to elaborate the Market Code for electricity. The Institute’s experts provided support to the Croatian Independent System and Market Operator (CRO ISMO) and, thus, participated in the development of this document. In addition, substantial consultations were held with the representatives of various other stakeholders (Croatian Electric Utility Company and its dependent companies, Croatian Energy Regulatory Council, Ministry of the Economy, Labour and Entrepreneurship).

A market model which is based on the existing energy legislation was developed. It is based on bilateral contracts for the sale and purchase of electricity between endorsed subjects and on the market of balance energy for covering deviations from contracted schedules. It has been assessed that the above model represents a good starting point for the opening of the electricity market in the Republic of Croatia.

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