On a yearly basis, Gestore dei Mercati Energetici SpA (GME) determines the extent of the fees to be charged to Electricity Market Participants for the services that it provides to them. The fees are posted on GME’s website together with the parameters used for their determination (under art. 7, para. 7.3, Integrated Text of the Electricity Market Rules).

The fees for 2012 and the parameters for their determination are reported hereunder.

Extent of the Fees

The fees referred to in art. 7, para. 7.1 of the Integrated Text of the Electricity Market Rules are as follows:

for the Electricity Market (MPE, MTE and CDE)

access fee (on a one-time basis): € 7,500.00;

yearly fixed fee: € 10,000.00;

for the MPE

regressive variable fee defined as follows:

- initial exemption on the first 0.02 TWh of monthly traded electricity;

- fee of 0.04 €/MWh for monthly traded electricity volumes exceeding the threshold of 0.02 TWh up to a maximum of 1 TWh;

- fee of 0.03 €/MWh for monthly traded electricity volumes exceeding the 1-TWh threshold up to a maximum of 10 TWh;

- fee of 0.02 €/MWh for monthly traded electricity volumes exceeding 10 TWh.

for the MTE

variable fee of 0.01 € per MWh traded

for the CDE
variable fee of 0.045 € per MWh registered.

Parameters for determining the extent of the fees

For determining the fees, reference was made to three parameters: efficiency, neutrality and cost reflection. These parameters were appropriately weighted between them so as to ensure the operating and financial equilibrium of GME.

Under the efficiency parameter, the fixed fees are kept low so as to minimise the gap between the fixed costs incurred by operators participating in GME’s regulated Electricity Market and those arising from bilateral trading.

Under the neutrality parameter, the regressive variable fees are determined on the basis of the volumes of traded electricity, so as to provide significant advantages in terms of cost reduction without discriminating between operators.