Introduction of Intraday Trade Austria-Italy

4/16/2013

After successfully finalised IT-tests, Terna and APG agreed to introduce – starting from delivery date 29 May 2013 – intraday capacity allocation on the common interconnection in order to facilitate cross-border energy trading and align the congestion management principle with the provisions of Regulation 714/2009 (EC) and Congestion Management Guidelines.

The intraday process with the following features shall be implemented on border IT-AT in both trading directions:

  • 1st Intraday auction on day D - 1 from 13:55 to 14:10 which covers energy delivery from 00:00 to 24:00 of the day D (deadline for nomination: D - 1 15:30; unused capacity rights will be lost)
  • 2nd Intraday auction on day D from 10:25 to 10:40 which covers energy delivery from 16:00 to 24:00 of the day D (deadline for nomination: D 12:35)
  • Double-sided nominations (identical obligations on capacity holders to provide information on their intended use of the capacity) and full harmonisation of scheduling process with the “SO-SO Matching” in the different timeframes (yearly, monthly, daily, intraday) applied in CEE region
  • Consistent contractual framework with market participants

The intraday capacity allocations on common interconnection between Italy and Austria in both directions shall be performed by CASC.eu, starting from the above-mentioned date. The relevant “Rules for Intraday Capacity Allocation by Explicit Auctions” can be downloaded from the right column.

Changes for all nominations on the border Austria<->Italy

With the implementation of the cross-border Intraday on Austrian-Italian border, some nomination deadlines for the long-term and short-term capacity rights shall be changed (starting from 22 May 2013 as delivery date) as follows:

  • Deadline for market participants to nominate long-term capacity rights (yearly and monthly): D - 1 7:00
  • Deadline for market participants to nominate day-ahead capacity rights: D - 1 12:55