Gjorgjievski, previously head of MEMO’s organized electricity market department, has taken the helm with a commitment to advancing the country’s electricity market.
As he steps down, Shutinoski expressed his best wishes for Gjorgjievski, emphasizing the importance of upcoming modernization projects.
Under Shutinoski’s leadership since MEMO’s inception in 2019, the institution successfully launched the North Macedonian electricity exchange and a day-ahead market
Gjorgjievski, who joined the electricity market operator in 2014, vowed to approach his new role with integrity and dedication, focusing on the development of all segments of North Macedonia’s electricity market. His leadership will be crucial as MEMO continues its efforts toward market coupling with Greece or Bulgaria, aiming to integrate more closely with regional electricity markets.
The new CEO’s appointment comes at a pivotal time. In November, North Macedonia, Greece, Albania, and Kosovo* signed memoranda of understanding to couple their day-ahead electricity markets, a project initiated by the United States. This regional collaboration underscores the importance of MEMO’s role in enhancing market efficiency and cross-border electricity trading.
With Gjorgjievski at the helm, MEMO is poised to continue its trajectory of growth and integration within the regional energy landscape, reinforcing its position as a key player in the Balkans’ electricity market.
