Yesterday (July 7), Belgian grid operator Elia, Dutch grid operator TenneT, APX and Powernext incorporated Belpex with a share capital of €3 million ($3.6 million). French grid operator RTE is also participating in the project and considering acquiring 10% of Elia’s stake in Belpex. Elia holds 70% of the Belgian exchange, while APX, Powernext and TenneT each hold 10%.

The linking of the three power markets aims to maximise the total generation surplus of all participants: cheaper generation