News


21 Sep 2021
Integration of the Italian electricity market with Single Intra-Day Coupling (SIDC): operational start of the Cross Border Intraday (XBID) project and CRIDA auctions on the Italian borders; entry into force of the amendments to the Rules Governing the Forward Electricity Account Trading Platform (PCE)

Following the press release dated 05 July 2021 participants are informed that in order to start the integration of the Italian electricity market with the Single Intra-Day Coupling (SIDC) - XBID project and Complementary Regional Intraday Auctions (CRIDA) - as of today's date, the changes to the Integrated Text of the Electricity Market Rules (hereinafter: ME Rules), approved by Decree no. 0000257 of the Ministry of Ecological Transition (MiTE) of 22 June 2021, will take effect.

At the same time as the afore-mentioned amendments, the new versions of the Technical Rules referred to in the ME Rules come into force today, with the relative publication on the GME website, suitably adapted for the operational start of XBID/CRIDA transactions, as indicated below:

  • UPDATED TECHNICAL RULES:
    • Technical Rule no. 02 rev7 ME – Access to the Information System
    • Technical Rule no. 07 rev10 ME - Bid/ask offers Adequacy Verifications and Guarantee Coverage
    • Technical Rule no. 08 rev15 ME - Invoicing of Payables/Receivables and Settlement of Payments
    • Technical Rule no. 02 rev4 MPE - Management of Emergency Conditions on the MGP, MI, MSD and Nomination Platform
    • Technical Rule no. 03 rev10 MPE - Time Periods of Activities for the Sessions of the MGP, MI, MSD and Nomination Platform
    • Technical Rule no. 04 rev5 MPE – Submission of Bids/Offers on the MGP, MI and MSD
    • Technical Rule no. 05 rev2 MPE - Number of Multiple Offers/Bids on the MGP, MI-A and MSD
    • Technical Rule no. 08 rev1 MPE - Methods for calculating the margins for the purposes of the MGP and MI by GME in the event of non-receipt
    • Technical Rule no. 10 rev3 MPE - Technical adequacy verifications of bids/offers with respect to margins
    • Technical Rule no. 11 rev7 MPE - Definition of Conventional Price

  • NEWLY INTRODUCED TECHNICAL RULES:
    • Technical Rule no. 09 ME – Unit of measurement
    • Technical Rule no. 20 MPE - Technical limits of the offer on the MGP, MI and MSD
    • Technical Rule no. 21 MPE - Procedures for submitting requests for the registration of hourly nominations
    • Technical Rule no. 22 MPE - Verification of validity and congruity of requests for the registration of hourly nominations and the determination and communication of hourly nominations

  • REPEALED TECHNICAL RULES:
    • Technical Rule no. 07 MPE - Assignment of Priority to Pre-Defined Offers/Bids
    • Technical Rule no. 16 rev1 MPE - Sessions of the MI for which it is performed the Market Coupling

Finally, we also inform you that on today's date the amendments to the Rules Governing The Forward Electricity Account Trading Platform (hereinafter: PCE Rules), prepared pursuant to article 3, paragraph 3.6, of the same Regulation enter into force in order to adapt the relevant text to the applicable regulatory provisions on the subject of price limits provided for in the European market coupling.

In particular, the afore-mentioned amendments to the PCE Rules were necessary to implement the same provisions introduced in the ME Rules with reference to the limits on the prices of transactions referred to in ACER Decision no. 04-2017, relating to the definition of “maximum and minimum clearing prices for single day ahead coupling”.



Gestore dei Mercati Energetici S.p.A.
Sole Shareholder: Gestore dei Servizi Energetici - GSE S.p.A., as per art. 5, Legislative Decree 79/99
Company subject to the management and coordination of Gestore dei Servizi Energetici – GSE S.p.A.
Share Capital: € 7,500,000.00 fully paid up
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