GME unveils data for Italy-Slovenia market coupling
The Italian energy market operator GME has released prices and capacity information necessary for the launch of the ItalySlovenia Day-ahead market coupling, the company announced on Friday.
As the new regime is starting on 1 January 2011 (see EDEM 20 September 2010), data for the Day-ahead market were made available on Friday. The Baseload prices for the North Italian zone and for Slovenia were €66.06/MWh and €32.19/MWh, respectively, according to GME.
However, the average PUN price for Italy was €66.59/MWh, with five of the six Italian zonal prices valued at €66.06/MWh, while Sicily stood at €72.90/MWh.
GME also said that the allocated cross-border capacity through the market coupling mechanism was 624MW.
The new regime will allow the creation of a Day-ahead market with 200TWh annual capacity, according to GME data.
The ItalianSlovenian Day-ahead market coupling regime will be managed by Italian and Slovenian transmission system operators (TSO) Terna and ELES that will both act as shipping agents in order to keep their different settlement periods.
According to the agreement between Italy and Slovenia, the TSO for the exporting country will buy power and then sell it to the TSO in the importing country in order to avoid payment period differences (see EDEM 1 September 2010).
However, the Italian energy regulator AEEG said that, unlike with other shipping agents, GME should not charge Terna fees for providing this service (see EDEM 21 December 2010). MM
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