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 the single intraday coupling which relies on:
· a continuous energy trading mechanism accommodating the implicit allocation of the intraday cross-zonal capacity;
· the development of a single methodology for pricing intraday cross-zonal capacity that shall reflect market congestion and be based on actual orders (“the Pricing of Intraday Capacity”).
Moreover, CACM regulation allows NEMOs and TSOs to complement the single intraday coupling with a complementary regional auction mechanism as foreseen in article 63, paragraph 2 of the CACM regulation, which states that “[…] Complementary regional intraday auctions may be implemented within or between bidding zones in addition to the single intraday coupling solution referred to in Article 51 […]”.
This document is a common proposal by NEMOs/Power Exchanges and the Transmission System Operators of the Italian Borders to establish such regional intraday auctions. The Italian Borders in this context cover the electrical borders, for both power flow directions, between Italy and Slovenia, Italy and Switzerland, Italy and Austria, Italy and France, Italy and Greece. Furthermore, the borders between Italian internal bidding zones are involved in this proposal. Finally, the geographical scope of this project also includes the border between Austria and Slovenia.
The abovementioned parties intend to implement an Intraday Coupling Model in which the Target Model, based on a continuous trading mechanism, is complemented by a Complementary Regional Intraday Auction Mechanism.
To this end NEMOs/Power Exchanges and the Transmission System Operators have developed two options for implementation of the mechanism and welcome the comments of market participant on this consultation paper. Contributions can be sent by email to email@example.com until 13th January 2017.
- Consultation_paper_on_complementary_auctions_final.docx 213 K