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trading calendar - MTE
 Forward Electricity Market (MTE)
The Forward Electricity Market (energy market) is the venue where forward electricity contracts with delivery and withdrawal obligation are traded.
  • All Electricity Market Participants are automatically admitted to the MTE.
  • Trading in the MTE takes place on a continuous basis.
  • In the MTE, the tradable contracts are of the following types: Base-Load and Peak-Load, with monthly, quarterly and yearly delivery periods. (Technical Rule no. 01 rev5 MTE). The contracts with quarterly and yearly delivery periods are regulated by the “cascading” mechanism.
  • Market Participants submit orders where they specify the type and period of delivery of the contracts, the number of contracts and the price at which they are willing to purchase/sell.
  • After the trading period, the contracts with monhly delivery are registered as corresponding transactions onto the PCE, after the adequacy verifications that are referred to in the PCE Rules.
  • Also OTC contracts may be registered in the MTE.
  • GME acts as a central counterparty.

The sessions will take place each month from Monday to Friday, from 09:00 to 17:30, except on the penultimate day in which the market is opened, when the closing time is advanced at 14:00 for operational reasons.

The sessions of the MTE will be held every day except on:

  • all Saturdays;
  • all Sundays; 
  • 1 January;
  • Friday before Easter;
  • Monday after Easter;
  • 1 May;
  • 15 August;
  • 24 December;
  • 25 December;
  • 26 December;
  • 31 December;
 
 
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