CROATIAN POWER EXCHANGE Ltd. (CROPEX)

Name

CROATIAN POWER EXCHANGE Ltd. (CROPEX)

Legal name

CROATIAN POWER EXCHANGE Ltd.

Website

https://cropex.hr

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Zagreb

HQ country

Croatia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure

Revenue model

1. Trading Transaction Fees: CROPEX operates as a power exchange generating revenue through transaction fees charged on electricity trades executed on its Day Ahead and Intraday markets

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CROPEX operates as the Croatian national electricity power exchange, providing an electronic trading platform for organized, secure, anonymous, and transparent trading of electricity. It offers Day Ahead, Intraday Continuous, and Intraday Auction markets integrated with the European SDAC and SIDC market coupling mechanisms, along with Guarantees of Origin auctions for renewable energy certificates and Power Futures derivatives.

Product overview

CROPEX operates as Croatia's electricity power exchange, offering a multi-product trading platform. The core offering consists of Day Ahead Market (SDAC), Intraday Continuous Market (SIDC), and Intraday Auctions Market (IDA) for physical electricity trading, complemented by Power Futures for derivatives. Additional services include Guarantees of Origin Auctions for renewable energy certification, CROPEX Education Program for market training, Market Data Services, and API access for automated trading. The platform participates in European market coupling (SDAC and SIDC) enabling cross-border electricity trading across Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Day Ahead Market Central marketplace where electricity is traded for delivery the following day. Integrated with the European Single Day-Ahead Coupling (SDAC) for cross-border trading, it enables market participants to trade standardized electricity products one day before delivery.
• Intraday Continuous Market Continuous trading platform for electricity with delivery within the same day or next day. Enables trading of 60-minute and 15-minute products and is integrated with the European Single Intraday Coupling (SIDC/XBID) for cross-border intraday trading.
• Intraday Auctions Market (IDA) Auction-based intraday electricity trading held three times daily (10:00, 15:00, 22:00). Complements continuous intraday trading with an explicit capacity pricing mechanism, enabling market participants to trade electricity closer to real time.
• Power Futures Market Market for electricity derivatives enabling hedging of future price risk and providing longer-term price signals for market participants managing forward positions.
• Guarantees of Origin Auctions Platform for auctioning Guarantees of Origin certificates for renewable electricity from wind, solar, biomass, biogas, and hydro sources. Sellers include HROTE, ENNA Next, HEP Proizvodnja, and other renewable producers.

Quantifiable outcome

• 40% increase in Day Ahead Market yearly volume (2024 vs 2023)
• +3 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core, notable and supporting.

• HROTE d.o.o.coreStrategic or Co-development Partner · 21 July 2026HROTE d.o.o., ENNA Next d.o.o., KOER d.o.o. and CROPEX jointly announce new Guarantees of Origin auctions. HROTE is the Croatian national energy company responsible for Guarantees of Origin from the Incentive System.
• ENNA Next d.o.o.coreStrategic or Co-development Partner · 21 July 2026ENNA Next d.o.o. collaborates with CROPEX on Guarantees of Origin auctions for electricity produced from wind and biogas power plants.
• KOER d.o.o.coreStrategic or Co-development Partner · 21 July 2026KOER d.o.o. partners with CROPEX on Guarantees of Origin auctions for renewable energy certificates.
• ELMA (Icelandic Power Exchange)notableStrategic or Co-development Partner · 28 May 2024ELMA and CROPEX announced successful cooperation after implementing CROPEX's long-term auction system during Q1 2024. On May 28, 2024, ELMA performed its first successful auction for procurement of losses for Icelandic TSO Landsnet using CROPEX's technology.
• HOPS d.d. (Croatian Transmission System Operator)coreStrategic or Co-development PartnerHOPS d.d. uses CROPEX trading platform for auctions to cover transmission system losses. HOPS publishes invitations to auction and CROPEX provides the trading platform infrastructure.
• ISV Partners (Independent Software Vendors)supportingTechnology or IntegrationCertified ISV partners enable connection to CROPEX trading platform via API interface. These are independent software vendors whose products integrate with CROPEX systems.
• European NEMO CommitteecoreStrategic or Co-development PartnerCROPEX participates in the All NEMO Committee alongside other European Nominated Electricity Market Operators, cooperating with TSOs on CACM annual reports and market coupling initiatives.
• SDAC Parties (Single Day-Ahead Coupling)coreStrategic or Co-development PartnerCROPEX collaborates with other European power exchanges and TSOs in SDAC for day-ahead market coupling, including the 15-minute MTU implementation.
• SIDC Parties (Single Intraday Coupling)coreStrategic or Co-development PartnerCROPEX participates in SIDC (XBID) for intraday market coupling across European borders, including recent 15-minute MTU implementation completed in March 2025.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• GME (Gestore Mercati Energetici, Italy): Italian power exchange operating day-ahead, intraday, and ancillary markets integrated with SDAC and SIDC. Peer NEMO with comparable market structure and coupling participation.
• TGE (Polish Power Exchange): Polish commodity exchange running electricity spot, intraday, and futures markets with SDAC/SIDC integration. Peer NEMO with broader product portfolio including derivatives.
• HUPX (Hungarian Power Exchange): Hungarian NEMO running day-ahead, intraday, and ancillary markets fully integrated with SDAC and SIDC. Highly comparable regional peer with similar small-market structure and product offerings.
• SEMOpx (Single Electricity Market Operator, Ireland & Northern Ireland): Operates the SEM wholesale electricity market for Ireland and Northern Ireland with DAM and IDM products. Comparable as a small-market NEMO with similar auction-based trading and coupling mechanics.
• OPCOM (Romanian Electricity and Gas Market Operator): Romania's designated NEMO operating day-ahead, intraday, and balancing markets with SDAC/SIDC integration. Comparable as a peer NEMO in a Central/Southeast European bidding zone with similar product structure.
• BSP Energy Exchange (SouthPool): Slovenian power exchange (joint with Serbia) operating DAM, IDM, and coupling to SDAC/SIDC. Direct regional peer serving the neighboring HR-SI cross-border border with CROPEX.
• Nord Pool: Europe's leading power exchange operating day-ahead and intraday markets across the Nordics and broader Europe with SDAC/SIDC integration. Highly comparable as a peer NEMO running coupled spot markets with similar member-based trading models.
• EPEX SPOT: Pan-European power exchange covering Germany, France, UK, Netherlands, Belgium, Austria, Luxembourg, and Switzerland. Direct peer as a competing NEMO running SDAC/SIDC with similar DAM, intraday, and continuous products.
• IBEX (Independent Bulgarian Energy Exchange): Bulgarian NEMO operating day-ahead and intraday segments with SDAC/SIDC integration. Comparable as a peer NEMO in a small Central/Eastern European bidding zone.
• ELMA (Icelandic Power Exchange): Iceland's power exchange using CROPEX's auction technology for loss procurement and long-term auctions. Direct peer in scope (small national exchange) and strategic counterparty via their technology partnership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/croatian-power-exchange-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CROATIAN POWER EXCHANGE Ltd. (CROPEX)