14-05-2012
We inform you that, today, Gestore dei mercati energetici (GME) will launch its two P-RECO platforms, in compliance with art. 6, paras. 6.6 and 6.7 of Decision ARG/elt/104/11, adopted by Autorità per l’Energia Elettrica e il Gas (AEEG).
The platforms are:
· the M-RECO, i.e. the regulated market of guarantees of origin (RECOs) where GME will play the role of central counterparty;
· the PB-RECO, i.e. the platform for registering bilateral transactions of guarantees of origin concluded by operators off the market or resulting from the auctioning procedures organised and managed by GSE under art. 4, para. 4.2 of AEEG’s Decision ARG/elt/104/11.
In accordance with Title II of the P-RECO Rules and under the procedures established in Technical Rule no. 01, parties wishing to participate in the P-RECO must submit to GME:
1. the P-RECO participation application, in the format of
Annex A to the P-RECO Rules; if the applicant is an organisation, the application must be signed by the legal representative or duly authorised person of the organisation and accompanied by a declaration certifying his/her powers of representation. In the application form, the applicant must specify whether he/she/it intends to participate in the M-RECO or PB-RECO or both systems making up the P-RECO;
2. the P-RECO participation agreement, in the format of
Annex B to the P-RECO Rules.
Parties wishing to participate in the P-RECO may submit their applications, as indicated above, from 15 May 2012 on.
It is worth recalling that operators wishing to enter orders into the M-RECO or to register bilateral transactions on the PB-RECO must have at least one ownership account in GSE’s RECO Registry. Access to the M-RECO and PB-RECO systems will take place through one or multiple access profiles, with which the operator is registered with GSE’s RECO Registry. Each access profile is associated with a corresponding ownership account in GSE’s RECO Registry. The M-RECO and/or PB-RECO access profiles must be specified together with the related ownership accounts, where available upon submission of the participation application (point 6 of Annex A to the P-RECO Rules).
With a view to enabling interested parties to familiarise with the functioning of the P-RECO systems, GME will hold a
meeting with operators on 22 May 2012 and then conduct blank tests on 28, 29 and 30 May, from 10:00 to 13:00. Details about the tests will be subsequently published on GME’s website.
The following is a concise timeline for participation in the P-RECO systems:
1) 15 May 2012 – first useful date for submitting the P-RECO participation application;
2) 21 May 2012 – first useful date for registration on the platform;
3) 22 May 2012 – meeting with operators
4) 28-30 May 2012 -blank tests
5) 11 June 2012 - take-off of the PB-RECO
6) 5 July 2012 - first session of the M-RECO
For further details, go to “GME’s Markets/Environmental Markets/RECO” section.
For enquiries about the P-RECO, write to cofer@mercatoelettrico.org.