Energy market integration: the President of the URE approved the method for determining the transmission capacity of the intraday market for the Core region
Upon the request of the transmission system operator, Polskie Sieci Elektroenergetyczne, the President of the URE for the fourth time approved the change for the common method for determining the transmission capacity of the intraday market for the Core region. The change of the method was developed based on the CACM (Capacity Allocation & Congestion Management) Regulation[1].
The change of the common method for determining the transmission capacity for the Core regions was also approved by other regulators in the following countries forming the region: Austria, Belgium, the Czech Republic, Croatia, France, Germany, Hungary, Luxembourg, Romania, Slovakia, and Slovenia[2].
The modifications include:
- the change of the process of determining the transmission capacity of the intraday market by publishing and reporting to NEMO[3] of international transmission capacity not later than 15 minutes prior to the target initiation of allocation at 4:30 a.m. of the market supply time for immediate application in a continuous trading platform;
- the extension of the schedule of implementation of the process of determining the international transmission capacity in the intraday market.
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- The transmission capacity Core region is one of the regions established by European Union Agency for the Cooperation of Energy Regulators (ACER) Decision No. 06/2016 of 17 November 2016 (as amended) to facilitate cooperation among transmission network operators in the integration of energy markets.
- Apart from the Core region, Poland is among the three other regions for determining the transmission capacity: the Baltic region (Lithuania, Latvia, Estonia, Finland, Sweden, Poland) the Hansa region (Denmark, Sweden, Germany, Luxembourg, Poland) and the newly created Central Europe region (within the borders of market areas of the Core regions and the Italy-North region, which will initially act to determine the transmission capacity of the day-ahead market).
The CACM Regulation introduces provisions for targeted and unified linking of the day-ahead and the intraday markets. As a consequence, it is aimed at ensuring a transparent regulatory framework for an effective and state-of-the-art system for capacity allocation and congestion management. These actions are supposed to facilitate electricity trading in the EU.
[1] Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management (OJ EU L 197 of 25 July 2015, p. 24, as amended, referred to as the “CACM Regulation”).
[2] Pursuant to ACER Decision No. 04/2024, the Core region is also going to include the submarine power cable connecting France and Ireland since its commissioning (which is to happen in 2026).
[3] NEMO, Nominated Electricity Market Operator – an entity whose tasks are related to the unified linking of the day-ahead markets (RDN) or intraday markets (RDB) within the EU member states. There are three NEMOs in Poland: TGE S.A. (nominated by the President of the URE), EPEX Spot SE, and Nord Pool EMCO A.S.