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Founders and owners



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Joint stock company „Elektromreža Srbije“ Belgrade - EMS AD is a transmission system and market operator company for electricity with the headquarters in Belgrade, Serbia. It was founded in 2005 after being split from Elektroprivreda Srbije (EPS).


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Nezavisni Operator Sistema u BiH – NOSBIH (The Independent System Operator in Bosnia and Herzegovina) is a non-profit company owned by BiH entities RS and FBiH carrying on its activities to the entire territory of BiH. The work of ISO is regulated by the State Electricity Regulatory Commission – SERC/DERK. Since the year 2005, ISO BiH manages the power transmission system in BiH.


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Crnogorski Elektroprenosni Sistem AD - CGES (Montenegrin Electrical Transmission System) is a transmission system operator located in Podgorica, Montenegro. In 2009, the company was split from EPCG and partly privatized.