Montenegrin Power Exchange Ltd. was established by COTEE, EPCG and CGES with the intention of establishing a wholesale organized power market in the form of an electronic trading platform.

REGAGEN has issued a licence to MEPX for operation of power exchange market, which is a part of wholesale power market.

Long-term Market Rules determine the terms and conditions for participation on long-term market, while the prices on long-term auctions are formed by pay-as-bid principle.

Day-Ahead Market Rules contain all the details specific for day-ahead market, where the price for every trading hour is formed using the economic principle of matching supply and demand, based on EUPHEMIA algorithm. This algorithm is a tool for calculation of allocated electricity volume, net positions and electricity prices on the whole coupled internal European market (SDAC), with the aim of maximisation of economic welfare and transparency of electricity prices and flows calculation.

MEPX, as the central counter-party between the seller and the buyer of electricity, assumes the risks of buying and selling electricity within the achieved purchase and sale transactions formed on the day-ahead market.

MEPX was designated as NEMO for market area of Montenegro, and has the observer status in All NEMO Committee and Market Coupling Steering Committee, while being the full party in regional market coupling project Italian Borders Working Table (IBWT).

The overall goal of MEPX is to create new business opportunities for market members, better efficiency, more competitive prices, greater security, quality and standard of services.

The power exchange market is anonymous, transparent, optional and accessible to all companies and partners who meet the regulations for market participation.