Italian Border Market Coupling
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).
Since the start of the dedicated project in 2012 two Power Exchanges which are active in Austria, namely EPEX Spot and EXAA, have been involved in the IBWT Project. As of the launch of the Italian Borders Market Coupling, on Power Exchange side EPEX Spot has been selected by APG to carry out the daily operations of the Market Coupling process in Austria. This interim solution does not exclude EXAA to be actively involved in the daily Market Coupling operations at a later stage, and is without prejudice to any evolution following the entry into force of the Guideline on Capacity Allocation & Congestion Management (CACM).