TY - JOUR
TI - Sales of electricity from cogeneration plants on organized markets in Southeast Europe
AU - Božić Zorana M
AU - Dobromirov Dušan P.
JN - Thermal Science
PY - 2023
VL - 27
IS - 1
SP - 11
EP - 19
PT - Article
AB - Volatile energy prices in the past period, force countries and their market  participants to find alternative and cheaper sources of electricity  production, while respecting defined environmental principles. Serbia is one  of the rare European countries that uses its reserves of dissolved gas in  the heat and electricity production. Combined heat and power plants,  although in an almost negligible amount, contribute to the diversification  of Serbia's production mix. With the presence of organized markets and local  power exchanges, sale of electricity from combined heat and power plants is  guaranteed for all producers who do not meet the conditions for acquiring  the right to feed-in tariffs. The aim of this paper is to analyze the most  profitable sale on the power exchanges of the domestic market and the  region, specifically the markets of Serbia, Croatia, Hungary, Romania, and  Bulgaria. The calculation methodology itself implies the use of average  monthly price value for the observed markets, in the period of the past  three years and nine months. In addition to the aforementioned, the costs of  cross-border capacities were considered. In order to have a clearer  overview of the results and the possibility of applying the methodology, the  amount for calculation is 1 MWh. Costs and revenues related to negative and  positive balance energy deviations are excluded from the analysis. Results  showed that sale of electricity is most profitable on Serbian power  exchange.