A further significant step towards an integrated European power market
The Italian Borders Market Coupling Project is scheduled to launch on 24 February 2015. The Go-Live is subject to the final approval by the involved regulatory authorities. Three of the five borders of the Italian Borders Market Coupling Project will be coupled with the Multi-Regional Coupling (MRC), thus linking the majority of EU power markets - from Finland to Portugal and Slovenia. The launch of the Italian Borders Market Coupling provides evidence of the flexibility and reliability of the Price Coupling of Regions (PCR) solution. After successful completion of all testing activities in January 2015, the launch of the Italian Borders Market Coupling will take place on 24 February 2015. From this date onwards, capacity for the Italian-Austrian, Italian-French and Italian-Slovenian borders will be implicitly allocated through the PCR solution for the Day-Ahead markets, making those borders part of the MRC.
The Day-Ahead markets of MRC extended to the Italian Borders Market Coupling will cover 20 European countries, accounting for about 2,800 TWh of yearly consumption. The daily average cleared volume over these countries will amount to over 4 TWh, with an average daily value of over €150m. In addition, with reference to the market coupling currently in operation between Italy and Slovenia, the Gate Closure Time for the Day-Ahead Markets of Italy and Slovenia is set at 12:00 pm starting from the trading date 10 February 2015 (delivery date 11 February 2015).
Information regarding the Italian-Swiss border Though all Swiss borders are technically ready for market coupling, their coupling is delayed in the course of ongoing bilateral negotiations between Switzerland and the EU Commission. The partners remain ready to go live within a short timeframe, as soon as the present political situation evolves.
Information regarding Italian-Greek border The Italian-Greek border will be technically ready for market coupling at a later date. The Go-Live date of the Italian-Greek border will be decided as soon as its technical readiness to enter has been assessed within the Italian Borders Market Coupling project.
Information regarding regulatory approval As stated in the first page, the launch of the Market Coupling remains subject to the approval of the National Regulatory Authorities of Austria, France, Italy and Slovenia. Consequently, the confirmation of the Market Coupling launch on the Italian Borders will happen when such approvals by all National Regulatory Authorities have been published.
For more information, please check the official announcement here.