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18/04/2024

Ministerial Decree MASE of 18 April 2024 – Update of the method of calculation of PUN Index GME as of date of flow January 1, 2025


GME informs market participants that, pursuant to Ministerial Decree MASE of 18 April - implementing art. 13 of Legislative Decree no. 210 of 8 Nov. 2021, as amended by art. 19 of Law-Decree no. 181 of 9 Dec. 2023, as amended and converted into Law no. 11 of 2 Feb. 2024 - as of date of flow January 1, 2025, it will value the sales and purchases concluded on its Day-Ahead Market at the corresponding zonal prices and, in continuity with the method of calculation of the national single price, it will calculate a reference price equal to the average of zonal prices weighted for the volumes purchased as part of electricity withdrawal portfolios in the various geographic zones.

In this regard, the reference price, calculated by GME as indicated above, will retain its denomination of PUN Index GME and, as explicitly referred to in the above-mentioned Ministerial Decree, it will be, among others, the reference index for pricing long-term electricity contracts.

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