Project Team Company in Charge of Establishing a SEE CAO was established on the 13th of June 2012 by 10 Transmission System Operators from the region of South East Europe and registered on the 4th of July 2012 in Podgorica, Montenegro. The shareholders of the Company are TSOs from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Albania, Kosovo, FYRO Macedonia, Greece, Turkey, Romania.
Aim of the Project Team Company is to provide and ensure a complete technical, financial and legal framework for successful establishment of Coordinated Auction Office in South East Europe – SEE CAO and to to 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 (Directive 2009/72/EC) and where applicable, its implementation in the national legislation of concerned countries relating to each of them.
Due to the legal obligations of a regionally coordinated capacity allocation and congestion management set forth in Regulation (EC) 714/2209 which is part of Energy Community acquis communitaire and with a view to optimize allocation of cross-border transmission capacity, Transmission System Operators (TSOs) of the 8th Region agreed to work towards the establishment of a Coordinated Auction Office for South East Europe (SEE CAO). The seat of the Coordinated Auction Office in Podgorica is in line with the Energy Community Ministerial Council’s decision of 11 December 2008.
Coordinated Auction Office in South East Europe Ltd Podgorica (hereinafter: SEE CAO) was registered on April 01st 2014 as a legal successor of PTC with following shareholding companies:
Transmission System Operator Country 1. Turkiye Elektrik Iletim A.S TEIAS Turkey 2. Independent Power Transmission Operator IPTO Greece 3. Hrvatski Operator Prijenosnog Sustava D.O.O. HOPS Croatia 4. Crnogorski Elektroprenosni Sistem AD CGES Montenegro 5. Nezavisni Operator Sistema u BiH NOSBiH Bosnia i Herzegovina 6. Operatori i Sistemit TE Transmetimit OST Albania 7. Operator Sistemi, Transmisioni Dhe Tregu KOSTT Kosovo
Coordinated Auction Office in South East Europe (hereinafter: SEE CAO) was established in 2014, after few years of intensive preparation, by its shareholders - TSOs from the region of South East Europe with the objective to perform the explicit allocation of cross-border transmission capacity in both directions between Control Areas of the Participating TSO’s, through NTC based Auction Processes in accordance with the requirements of Regulation (EC) 714/2009 of the European Parliament and of the Council on conditions for access to the network for cross border exchanges in electricity which also became a part of Energy Community aquis in line with the stipulations of Energy Community Treaty.
SEE CAO's Go-Live was November 27th 2014 by launching the first yearly auctions for 2015 on two borders: Croatia – Bosnia and Herzegovina and Bosnia and Herzegovina - Montenegro. Yearly auction 2015 was followed by monthly auctions for January 2015 and daily auctions starting from delivery day 01st January 2015 on two mentioned borders. At the moment of conduction of the first auction, SEE CAO had 51 registered Auction Participants from all over the Europe.
In February 2015, Albanian OST declared its readiness to participate in SEE CAO, which commenced the coordinated auctions on Albania – Montenegro borders as of May 2015. Likewise, the auctions on Turkey – Greece border started from September 2015.
Commencing with yearly auctions for 2016 from November 25th 2015, SEE CAO is performing yearly, monthly and daily capacity allocation, by conduction of coordinated explicit auctions using NTC based method, on the entire flow from Croatia to Turkey, with which it has shown its pivotal role in the deregulating and liberalising electricity market in South East Europe. The scope of borders serviced by SEE CAO is following:
1. Croatia – Bosnia and Herzegovina
2. Bosnia and Herzegovina – Montenegro
3. Montenegro – Albania
4. Albania – Greece
5. Greece - Turkey