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Before the market session
To operate in the GO Market (M-GO), participants must have at least one access profile
(ownership account) in GSE's GO Registry.
In the M-GO, selling participants are required to make a single payment to GME as
a security deposit fully covering their purchases (including VAT, where applicable).
The trading system will accept buy orders only if they are fully covered by the
available deposit.
During the market session
The prices to be specified in buy and sell orders must be NET OF VAT.
The system will automatically calculate the value of the transaction inclusive of
VAT (where applicable), both for updating the available deposit during the session
and for confirming the transactions made and for other administrative-accounting
tasks.
After the market session
a) sellers will issue a single invoice to the buyer GME;
b) buyers will receive a single invoice from GME.
The Technical Rules set out the technical procedures
for participating in the GO Market, the calendar and timetable of the trading sessions,
as well as the procedures for notifying the amount of the security deposit made.
Sessions
The dates of the next sessions will be set after completing the transition from
the system of Renewable-Energy Certificates of Origin (GOs) to the system of Guarantees
of Origin (GOs).
The next sessions of the M-GO will take place from 9:00 to 12:00 on:
| March 2024 |
28 |
| April 2024 |
18 |
| May 2024 |
23 |
| June 2024 |
27 |
The prices declared by participants, the prices specified in trading orders and
the price of execution of transactions DO NOT include VAT.
The security deposit must be made into to the appropriate bank account of Gestore
dei Mercati Energetici S.p.A, no. 000008540X08, with the bank in charge of GME's
treasury services - Banca Popolare di Sondrio, Società Cooperativa per Azioni, Viale
Cesare Pavese, 336 - 00144 Roma, ABI 05696, CAB 03211, IBAN IT81M0569603211000008540X08,
SWIFT CODE POSOIT22 - within 12:00 of the working day before the opening of the
trading session.
On the deposits on this account, GME will pay market participants an interest rate equal to the one that GME receives on the funds held in its treasury accounts, i.e. the one-month Euribor rate (act/360) calculated as the average of the quotes of the rate for each day of the reference month, only if that rate is positive.
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