Consultation paper on a new Intraday coupling model for the Italian borders
On 14th August 2015, the Regulation (EU) 2015/1222 of 24th July 2015 establishing a guideline on Capacity Allocation and Congestion Management (hereinafter: “CACM”) has entered into force defining, among others, the requirements for a single intraday target model, relying on:
- a continuous cross-border energy trading mechanism;
- the development of a single methodology for pricing intraday cross-zonal capacity, reflecting market congestion and based on actual orders.
Moreover, CACM regulation allows NEMOs and TSOs to complement the single intraday coupling with a complementary regional auction mechanism: "[…] Complementary regional intraday auctions may be implemented within or between bidding zones in addition to the single intraday coupling solution referred […]" (CACM article 63.2).
This consultation paper is a common proposal by the NEMOs/Power Exchanges and the Transmission System Operators of the Italian borders to establish such regional intraday auction mechanism, complementing continuous cross-border intraday trading.
In this context, the Italian Borders cover the internal Italian bidding zones, and the electrical borders between Italy and Slovenia, Italy and Switzerland, Italy and Austria, Italy and France, Italy and Greece; furthermore, the geographical scope of this project also includes the border between Austria and Slovenia.
EPEX SPOT always strives to actively contribute to all relevant initiatives of market integration and enhancement of the European market design. Your views on these developments are highly valued.
We therefore welcome the comments of market participants on this consultation paper. Contributions can be sent by email to email@example.com until 13th January 2017.