North Macedonia's MEMO exchange introduces negative prices on 19 November after October averaged EUR 224.74/MWh

North Macedonia's National Electricity Market Operator, MEMO, held an online workshop on 9 November on “introducing negative prices on the MEMO electricity market”. According to the company, negative prices will apply on the market from 19 November 2026.

What was presented. Market participants were briefed on the operational implementation of negative prices on the MATS and M7 trading platforms: the upcoming changes to price thresholds, regulatory, technical and operational requirements, system testing and the steps companies must take to adapt in time. MEMO describes the change as “a new market reality” that allows more efficient use of the energy produced, more flexibility and better management of production and consumption.

The figures. According to MEMO's October report, 186,900 MWh were traded on the day-ahead market at an average price of MKD 13,850.68, or EUR 224.74/MWh. The daily average was 6,029 MWh, and in peak hours, from 09:00 to 20:00, an average of 3,528.5 MWh was traded at EUR 210.9/MWh.

Context. MEMO launched the intraday market in May, with platforms provided by Slovenia's BSP Energy Exchange, and began trading guarantees of origin on 28 October. In the region, Serbia's SEEPEX exchange lowered its day-ahead price floor from zero to EUR −500/MWh in May, and Albania's regulator ERE allowed prices down to EUR −50/MWh on the ALPEX exchange in July, according to Balkan Green Energy News.

What comes next. MEMO presents negative prices as part of aligning with European standards and integrating the domestic market into the European energy market. The company's statement does not specify the new price floor.

Real-time data for the country are on the country page