On 14th August 2015, the Regulation (EU) 2015/1222 of 24th July 2015 establishing a guideline on Capacity Allocation and Congestion Management (hereinafter: “CACM”) has entered into force defining, among others, the requirements for the single intraday coupling which relies on:
- a continuous energy trading mechanism accommodating the implicit allocation of the intraday cross-zonal capacity ;
- the development of a single methodology for pricing intraday cross-zonal capacity that shall reflect market congestion and be based on actual orders (“the Pricing of Intraday Capacity”).
In order to provide an efficient allocation procedure (also allowing pricing) for intraday cross-zonal capacity, PXs/NEMOs and TSOs of the Italian Borders (IB) aim to design and implement a Complementary Regional Intraday Auction Mechanism.
The Italian Borders in this context cover the electrical borders, for both power flow directions, between Italy and Slovenia, Italy and Switzerland, Italy and Austria, Italy and France, Italy and Greece. Furthermore, the borders between Italian internal bidding zones are involved in this proposal. Finally, the geographical scope of this project includes the border between Austria and Slovenia.