NEMOs submit revised proposals on methodologies for Day Ahead and Intraday algorithms

13 November 2017

On Monday 13th November 2017 the NEMOs (Nominated Electricity Market Operators) submitted revised proposals on methodologies around the intraday and day-ahead algorithms and related products, as well as backup methodologies, in accordance with the requirements of the CACM (Capacity Allocation and Congestion Management) Regulation.

National Regulatory Authorities (NRAs) have two months to approve or reject the proposals.

NEMOs did not submit a revised proposal on minimum and maximum clearing prices, as this was referred to ACER (Agency for the Cooperation of Energy Regulators) by the NRAs over the summer. NEMOs expect a decision from ACER soon.

Please find the full proposals below.

Contact

Cosimo Campidoglio
Chairperson, NEMO Committee
chairman@nemo-committee.eu

NEMO Committee Members

BSP Regional Energy Exchange LLC
Croatian Power Exchange Ltd.
EirGrid plc
EPEX SPOT SE
EPEX SPOT Belgium B.V.
EXAA Abwicklungsstelle fur Energieprodukte AG
Gestore dei Mercati Energetici S.p.A.
HUPX Hungarian Power Exchange Company Limited by Shares
Independent Bulgarian Energy Exchange EAD
LAGIE – Operator of Electricity Market S.A.
Nord Pool AS
OKTE a.s.
OMI – Polo Español S.A. (OMIE)
Operatorul Pieţei de Energie Electrică şi de Gaze Naturale “OPCOM” SA
OTE A.S.
SONI Limited
Towarowa Giełda Energii S.A.

The NEMO Committee oversees the efficient management of the cooperation between NEMOs aiming to achieve the objective of and delivering the requirements  set by the CACM Regulation. All NEMOs are part of the NEMO Committee.

Price Coupling of Regions (PCR) is the initiative of 7  European Power Exchanges (EPEX SPOT, GME, Nord Pool, OMIE, OPCOM, TGE and OTE), to develop a single price coupling solution to be used to calculate electricity prices across Europe, and allocate cross-border capacity on a day-ahead basis. This is crucial to achieve the overall EU target of a harmonised European electricity market. The integrated European electricity market is expected to increase liquidity, efficiency and social welfare.

Cross-border Intraday Market Project (XBID) is a joint initiative by the Power Exchanges (PXs): EPEX SPOT, GME, Nord Pool and OMIE together with the Transmission System Operators (TSOs) from 11 countries, to create an integrated intraday cross-border market. The single intraday market will enable continuous cross-border trading across the entire Europe.


Disclaimer: Europex provides the NEMOs access to its website but neither does it own NEMO related content, nor is it responsible for the published information.

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Categories: All NEMOs.