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© ICIS HEREN – Joint European intraday market launch set for 2017
2015-06-08
The launch date for the joint European cross-border intraday electricity market has been set at July 2017 at the earliest, it emerged late last week at the latest meeting of stakeholders, the Florence Forum.
The intraday cross border market will be implemented in 12 separate regions. Among the first markets where transmission system operators will adapt their rules for cross border intraday trading will be France, Belgium and the Netherlands.
The measures to be taken include changing gate closures to 24 intraday gates at hourly intervals, instead of 12 gates at two-hour intervals as is practiced on Belgium’s borders.
This is intended to make markets more flexible by allowing traders to react closer to real time to changes in demand and supply.
The intraday market is part of the capacity allocation and congestion management (CACM) network code, one of three market-related codes due to come into force over the next few years.

Timeline


The electricity network codes, being developed by the European Network of Transmission System Operators for Electricity (ENTSO-E), are divided into three types: connection codes, operational codes and market codes.
The three market codes, which are at various development stages, are:

• CACM: Should enter into force in July or August after being scrutinised by the European parliament and council.
• The Forward capacity allocation (FCA) network code: Should be adopted for comitology by the European Commission by September or October. This will include the introduction of one common European cross border auction platform.
• The balancing network code: Is currently being assessed by the Agency for the Cooperation of Energy Regulators after resubmission from ENTSO-E. Could be adopted for comitology in 2016. The balancing code also includes some elements of demand side response.

It has also been suggested a new network code for demand-side response may be needed to facilitate what is considered a crucial element of supply security, as peak demand can be reduced and the integration of fluctuating wind and solar power generation can be eased.
But European Commission energy director Mechthild Worsdorfer said that, for the time being, no new network codes were being planned at an industry conference in Brussels on Thursday.


(Source: © ICIS HEREN - THE ICIS HEREN REPORTS - EDEM 19108 / 08 June 2015; www.heren.com)

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