Harmonized maximum and minimum clearing prices

On 14th February 2017, the NEMO Committee, representing all NEMOs from across Europe, submitted to National Regulatory Authorities (NRAs) submitted in accordance with Article 41(2) and 54(2) of the Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management (“CACM Regulation”) the proposal on harmonized maximum and minimum clearing prices to be applied in all bidding zones which participate in single day-ahead and single intraday coupling.

The regulatory authorities escalated the proposal to ACER according to Article 9 (11) of CACM Regulation for a binding decision. Subsequently, On 14th November 2017 ACER approved the aforementioned proposal.

The approved proposal provides:

  • harmonized maximum and minimum clearing prices in single day-ahead and single intraday coupling, and
  • criteria and process for establishing and amending the maximum clearing price for single day-ahead and single intraday coupling.

NEMOs shall implement the harmonised minimum and maximum clearing prices for single day-ahead and single intraday coupling in all bidding zones which participate in single day-ahead and single intraday coupling immediately after MCO function has been implemented in accordance with Article 7(3) of the CACM Regulation.

The approved proposal together with the relevant ACER decisions are available on this link.

 

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