|© ICIS HEREN – Joint European intraday market launch set for 2017|
|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.
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.
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.
(Source: © ICIS HEREN - THE ICIS HEREN REPORTS - EDEM 19108 / 08 June 2015; www.heren.com)