GME

Gestore dei Mercati Energetici
Headquarters: Viale Maresciallo Pilsudski, 122-124, 00197 Rome, Italy
Location(s): Rome, Italy
Date of foundation: 27 June 2000
CEO and Chairman:

Pietro Maria Putti

Traded commodities and traded volumes in 2017: Power Markets: 322,8 TWh

Gas Markets: 45,9 TWh

Environmental Markets: 43,77 TWh (GO), 11,2 million toe (White Certificates)

Current number of employees (March 2018): 109
Annual report(s): Annual report 2017
Website: www.mercatoelettrico.org

About

GME was set up by Gestore dei Servizi Energetici (GSE S.p.A.), a company wholly owned by the Italian Ministry of Economy and Finance. GME carries out its activities in accordance with the guidelines given by the Ministry of Economic Development and the regulatory provisions issued by Autorità di Regolazione per Energia Reti e (ARERA- the electricity, gas, water and waste regulator).

GME operates power, gas and environmental markets. As part of the liberalisation process of the electricity sector, Gestore dei Mercati Energetici S.p.A. (GME) was initially vested with the organisation and economic management of the wholesale power market under principles of neutrality, transparency, objectivity and competition.

GME plays a specific role in market monitoring towards the Italian NRA, originally stemming from the Italian NRA regulation 115/2008, setting up specific provision for the monitoring of the power market in Italy and then reinforced by the provision included in Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (REMIT).

Power markets

On the power market platform managed by GME (also known as Italian Power Exchange, IPEX), producers and purchasers sell and buy wholesale electricity. With reference to power, GME operates a forward physical market (MTE), a day ahead hourly auction market (MGP), a daily products market (MPEG) – the venue for trading daily products with delivery obligation – an intra day auction market (MI) based on 7 sessions. It also operates on behalf of the Italian TSO Terna a platform for ancillary services (MSD), through which collects the bids and communicates the results, and a platform for the registration of OTC transactions (PCE). On this platform, parties that have concluded contracts outside IPEX, record their commercial obligations and nominate the related electricity injection and withdrawal schedules that they undertake to execute under the same contracts.

Following the approval of the EU Regulation 1222/2015 (CACM), GME has been nominated NEMO for the day ahead and intraday markets in Italy. GME is also a founding member of PCR, the Price Coupling of Regions project launched by the major European PXs to provide a technical solution for the coupling of day ahead EU markets subsequently integrated with the Multi Regional Coupling (MRC), EU coordination project between PXs and TSOs. GME is also party of the XBID project for the delivery of an intraday continuous trading implicit auction compliant with CACM.

Gas Markets

With the enforcement of Law no. 99 of 23 July 2009 on development and internationalisation of companies and energy matters, GME was also entrusted with the organisation and economic management, on an exclusive basis, of natural-gas markets and associated services. GME’s gas markets include the Gas Trading Platform (P-GAS), the Wholesale Gas Market (MGAS) and the Platform for the Allocation of Regasification Capacity (PAR)

Environmental Markets

GME is also directly involved in the implementation of environmental policies, by organising and managing environmental markets, such as, the Energy Efficiency Certificates Market, and the Guarantee-of-Origin (GO) Market.

Moreover, Legislative Decree no. 249 of 31 December 2012 tasked GME with developing, organising and managing a market platform for the trading of mineral-oil logistic services, as well as with collecting mineral-oil storage capacity data. With a view to fostering the development of competition in the sector, the same Legislative Decree also established that GME should set up, organise and operate a platform for wholesale trading of liquid oil products for the transport sector.

Member of the Europex General Assembly

Prof. Pietro Maria Putti, Chairman and CEO of GME

Europex contact person

Alessandro Talarico, Director of Governance

  • +39 (0) 6 8012 4522
  • +39 (0) 6 8012 4519
  • relazioni.istituzionali@mercatoelettrico.org

Headquarters

General contact details

  • GME – Gestore dei Mercati Energetici S.p.A.

    Viale Maresciallo Pilsudski, 122/124

    00197 Rome

    Italy

  • +39 (0) 6 8012 1
  • +39 (0) 6 8012 4524
  • gme@pec.mercatoelettrico.org