On February 24th, 2015, for the first time, capacity for the Italian-Austrian, Italian-French and Italian-Slovenian borders has been implicitly allocated through the PCR solution for the Day-Ahead markets, making those borders part of the Multi-Regional Coupling (MRC). This full price coupling allows the simultaneous calculation of electricity prices and cross-border flows across the region. This will bring a benefit for end-consumers derived from a more efficient use of the power system and cross-border infrastructures as a consequence of a stronger coordination between energy markets.
With this achievement, cross-border capacity of all interconnectors within and between the following countries is now allocated in the day-ahead timeframe: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Great Britain, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, Poland (via the SwePol Link), Portugal, Slovenia, Spain and Sweden.
The Day-Ahead markets of MRC extended to the Italian Borders Market Coupling now cover 19 European countries, accounting for about 2,800 TWh of yearly consumption. The daily average cleared volume over these countries amounts to over 4 TWh, with an average daily value of over €150m.
|Italian Borders Market Coupling||type||filesize|
|Italian Borders Market Coupling - consultation paper||805.4 kB|
|IBWT Market Coupling forum - 16 July 2014||type||filesize|
|Presentation of Market Forum IBWT||1.6 MB|