Consultation

ICIS is implementing a process of rolling consultation on all of its pricing methodologies. This consultation paper is part of this formal process and covers all of the ICIS primary price points included in the European Daily Electricity Markets (EDEM) publications.

The consultation asks both general questions about the suitability of the ICIS pricing methodology and questions addressing specific European Daily Electricity Markets (EDEM) market issues.

Click here to view the European Daily Electricity Markets (EDEM) Methodology Consultation 2022

The consultation contained a section asking general questions about the sustainability of ICIS methodology for the markets concerned.

There was also a section about specific market issues regarding changes to pricing coverage of the power markets in France, Germany, Italy, Czech Republic, Spain, Turkey, Greece and Bulgaria, additional indices for the UK power market and a change to UK clean spark and clean dark calculations to account for the UK emission trading system.

Decision

 ICIS did not receive any formal responses to the consultation.

French Power (Peakload):

Day-ahead, Weekend, Week+1, Week+2, Month+2, Month+3, Month+4, Quarter+2, Quarter+3, Quarter+4, Year+2, Year+3

ICIS would retain all French Power Baseload assessments as well as Month+1, Quarter+1 and Year+1 Peakload assessments

German Power (Peakload):

Day-ahead, Day+2, Weekend, Week+1, Week+2, Month+2, Month+3, Month+4, Quarter+2, Quarter+3, Quarter+4, Year+2, Year+3, Year+4

ICIS would retain all German Power Baseload assessments as well as Month+1, Quarter+1 and Year+1 Peakload assessments

Italian Power:

Month+4 Baseload

Czech Power:

All Baseload products

ICIS would continue to publish Czech Power trades via data feeds

Spanish Power:

All Baseload products

ICIS would continue to publish Spanish Power trades via data feeds

Turkish Power:

All Baseload products

Greek Power:

All Baseload products

Bulgarian Power:

All Baseload products

ICIS would stop calculating the German and French Day-ahead Peaks and Czech Day-ahead Baseload indices. ICIS would also cease publishing Serbian, Polish, Slovak, Bulgarian and Greek trades, due to low liquidity

ICIS will add the following indices:

  • UK Power:  WD1+WD2, WD5 and WD6 blocks

The EDEM methodology document will be updated ahead of these changes taking effect. Should you have any questions please contact EDEM Editor Ellie Chambers at ellie.chambers@icis.com.

 

Consultation on this document closed on 9 March 2022