By resolution 350/2019/R/EEL of 30 July 2019, the Regulatory Authority for Energy, Networks and Environment(ARERA) provided that GME shall implement, as far as it is concerned, the activities functional for the start of the Cross Border Intraday (XBID) project on the Italian borders, establishing, among other activities, the necessary amendments to the Integrated Text of the Electricity Market Rules (Rules) and to the related Technical Rules (DTF).

In order to implement the above provisions, GME shall publish this consultation document, in order to explain the proposal to modify the configuration of the Italian electricity market and to amend the regulatory texts, which are necessary for the integration  - in accordance with the applicable regulatory framework – of the XBID project within the national electricity market.

Interested parties may provide their own comments on the content of this document.

Such comments must be sent to GME - Governance in written form, no later than April 30^th  2020, deadline for closing this consultation, at the following e-mail address:

• e-mail: info@mercatoelettrico.org

Parties wishing to safeguard the partial/full confidentiality or secrecy of the documentation sent are required to indicate the parts of their documentation to be considered confidential.

Consultation Document no. 02/2020

The current configuration of the Italian Electricity Market - whose operating rules are reported in the "Integrated Text of the Electricity Market Rules (hereinafter: Rules)", approved by Decree of the Minister of Productive activities of 19 December 2003, as subsequently amended and supplemented - includes, as is known, the Infra-Day Market (MI) which is the trading venue of the purchase and sale offers/bids of electricity for adjustment of injection and withdrawal schedules defined on the Day-Ahead Market (MGP).  

In particular, Article 45, paragraph 45.3 of the Rules states that the MI is divided into several sessions defined in the Technical Rules, under which - in accordance with Article 46, paragraph 46.1 of the Rules – it’s also defined the opening and closing time of each of the sessions of the MI.

In this regulatory context, with the aim of promoting a better operational management of the electrical system, Gestore dei mercati energetici S.p.A. (hereinafter: GME) and Terna S.p.A. (hereinafter: TERNA) assessed the feasibility of entering new market intraday sessions additional to those currently planned during the last four in 2016.

In this regard, in order to collect comments from any stakeholder, in accordance with Article 4, paragraph 4.3 of the Rules, GME shall publish this consultation document that sets out, in detail, the regulatory interventions involving the technical Rules, to enable the introduction of new intra-day market sessions.
Those interested to comment on the document in question are invited to submit their written remarks to GME - Institutional Relations and Communication, no later than 5 July 2016, i.e. the end date of this consultation, by one of the following ways:

e-mail:	info@mercatoelettrico.org
fax:	06.8012-4524
address:	Gestore dei mercati energetici S.p.A.  Viale Maresciallo Pilsudski, 122-124  00197 - Roma

Those wishing to safeguard the confidentiality or secrecy, in whole or in part, of the documentation submitted are required to specify which parts of their documents shall be treated as confidential.

Download DCO 5/2016

We would like to inform that following the communication to the operators on December 2nd, 2016, in order to start the new Intra-Day market sessions , starting from February 1st, 2017, GME has published today the Technical Rule DTF 03 rev 7 MPE, laying down the timing of execution of the activities related to market sessions, which replaces the previous Technical Rule DTF 03 rev 6 MPE and the Technical Rule DTF 16 rev 1 MPE - indicating the Intra-day market sessions for which the Market Coupling is carried out - which replaces the previous Technical Rule DTF 16 MPE.

PAYMENT TIMEFRAMES ON THE DAY-AHEAD MARKET (MGP), THE INTRA-DAY MARKET (MI) AND THE OTC REGISTRATION PLATFORM (PCE) AND LISTING OF NEW PRODUCTS ON THE ELECTRICITY MARKET -


With its Consultation Document 04/2014, GME opened a public consultation among market participants inter alia about two proposed transitional solutions, alternative between them, to manage the misalignment of the payment timeframes existing between the Italian market and the one of neighbouring countries. With this Consultation Document, GME is launching a consultation among market participants about a proposed final solution, to be hopefully implemented from 2016 on, with a view to completing the process of integration between the Italian electricity market and the other European energy markets, in lieu of the solution to be adopted in the transitional period.

Under the final solution proposed and described in this Consultation Document, the change of the payment timeframes on the MGP, MI and PCE (from the current M+2 to the proposed D+7) will also be associated with the introduction of a new segment into the Electricity Market, where to trade daily base-load and peak-load products; the payment timeframes for these products would be maintained within M+2, considering that not all market participants might be in the position to manage payments within the D+7 timeframe.

Interested parties are invited to send in their comments about the operational procedures described in this document and, in particular, their answers to questions from S.1 to S.5.

Please send your comments in writing to GME’s Institutional Relations & Communication (“Relazioni Istituzionali e Comunicazione”) by 10 December at the latest (end date of the consultation) in one of the following ways:

by e-mail to:   info@mercatoelettrico.org
by fax to:   +39 06 8012-4519
by mail to:   Gestore dei mercati energetici S.p.A.
Largo Giuseppe Tartini, 3/4
00198 – Rome (Italy)


If you want us to keep all or part of your comments confidential, please specify which parts of your document are to be kept confidential.

Download Consultation Document 7/2014

The European Union is gradually completing the process of creation of the European single market, aimed at establishing a really integrated internal electricity market.

To harmonise the current Italian market design vs. the benchmark required for implementing the EU Target Model (the latest version of the “Network Code on Capacity Allocation and Congestion Management” of 14 Jan. 2014 provides among others that: i) in order to implement the European Target Model in an adequate and efficient way, the time of closure of trades on the various spot markets of the EU should be aligned with the one of the individual Day-Ahead Markets; and ii) this common closure time should be set to 12:00 am), GME has decided to launch a consultation (open to interested parties) about its proposals to change the timing of the sessions of its spot electricity market (see Technical Rule no. 3 rev5 MPE - Time Periods of Activities for the Sessions of the MGP, MI and MSD), as well as the timing for some market activities related to the operation of the PCE (see Technical Rule no. 3 Rev3 PCE - Registration of transactions and schedules).

To integrate the Italian spot market (via the coupling mechanism) with the other spot markets of the EU by the end of 2014, one of the main aspects to be harmonised is the adoption of the Gate Closure Time of 12:00 am for the Italian MGP. This implies: i) the concurrent reorganisation of the timing of the intra-day and ancillary services market sessions (taking place after the closure of the MGP); as well as iii) the revision of the timing for some market activities taking place within the OTC Registration Platform (PCE).

The solution proposed by GME in the enclosed consultation document is to be assessed and analysed jointly with the simultaneous consultation that Terna (as Power Transmission System Operator) has launched on the same subject, with a view to making the necessary amendments to the relevant provisions laid down in the national power Grid Code.

Interested parties are invited to express their views on the operational procedures described in the enclosed document.

Comments are to be sent in writing to the “Unità Legale e Regolazione” (Legal & Regulatory Office) of GME by 19 March 2014 at the latest (end date of the consultation):

• by e-mail to info@mercatoelettrico.org
  or
• by fax to +39-06-8012-4524
  or 
• by mail to Gestore dei mercati energetici S.p.A.
  Largo Giuseppe Tartini, 3-4
  00198 – Roma

If you want us to keep all or part of your comments confidential, please specify which parts of your comments are to be kept confidential.

Download Consultation Document 1/2014

    GME has prepared this consultation document on proposed amendments to the Integrated Text of the Electricity Market Rules (elimination of the Internal Appeal Board), with a view to gathering comments and inputs from interested parties.
    Interested parties should send in their comments in writing to the “Unità Legale e Regolazione” (Legal & Regulatory Office) of GME by 23 February 2013 at the latest (end date of the consultation) in one of the following ways:

• by e-mail to: info@mercatoelettrico.org
• by fax to:   +39-06-80124524
• by mail to:  Gestore dei mercati energetici S.p.A.

    Largo Giuseppe Tartini, 3-4

    00198 – Rome - Italy

 
  If you want us to keep all or part of your comments confidential, please specify which parts of your comments are to be kept confidential.

Consultation Document 1/2013

With his Decree of 27 December 2013, published in Gazzetta Ufficiale no. 21 of 27 January 2014, the Minister of Economic Development has approved urgent amendments to the Integrated Text of the Electricity Market Rules (hereafter “Electricity Market Rules”), namely to the provisions thereof concerning the Green Certificates Market. Gestore dei Mercati Energetici S.p.A. (hereafter “GME”) made the above-mentioned amendments in accordance with art. 3, para. 3.5 of the Electricity Market Rules and with the provisions of the Decree of the Minister of Economic Development of 6 July 2012. The amendments entered into force on 6 June 2013, i.e. on the date of their publication on GME’s website.

With the same Decree, the Minister of Economic Development has also approved the amendments that GME made to the Electricity Market Rules in compliance with art. 3, para. 3.4 thereof, after a process of consultation with interested parties (Consultation Document no. 01/2013) about the “Abolition of the Internal Appeal Board”.

The amended text of the Electricity Market Rules is available at the following link

In compliance with article 10, para. 6 of the Ministerial Decree of 29 April 2009, GME sought forms of co-operation with the company managing the electricity derivatives market. In particular, GME signed a co-operation agreement with the companies “Borsa Italiana S.p.A.” (Bit) and “Cassa di Compensazione e garanzia S.p.A.” (CC&G) of the London Stock Exchange Group, with a view to integrating its Forward Electricity Market with physical delivery obligation (MTE) with the IDEX market, organised and managed by BIt.

 

Law-Decree no. 185 of 29 November 2008 (urgent measures for supporting families, work, employment and business and redesigning the national strategic framework to combat the crisis) was amended and converted into Law no. 2 of 28 January 2009. With a view to ensuring lower electricity supply costs to households and businesses, article 3, para. 10 of the aforesaid Law assigned to the Minister of Economic Development the task of conforming the electricity market rules thereto.

To meet the deadline of 30 June 2009 specified in the Decree (within which GME shall submit the proposed amendments to the Electricity Market Rules to the approval of the Minister of Economic Development), interested parties are invited to send their comments, if any, to GME within 15 June 2009 at the latest by e-mail to consultazione@mercatoelettrico.org.

• within the 14^th day of the month m+1, GME makes available notifications of the payables/receivables accrued in the invoicing period preceding the current period;
• within the 6^th working day of the month m+2, invoices are made available;
• within the 10^th working day of the month m+2, GME notifies Market Participants of the balances between invoices payable and invoices receivable; 
• within the 15^th working day of the month m+2, net debtors make payments to GME;
• within the 16^th working day of month m+2, AU makes payments to GME and GME makes payments to creditor Market Participants.

• within the 4^th day of the month m+1, GME makes available notifications of the payables/receivables accrued in the invoicing period preceding the current period;
• within the 6^th working day of the month m+1, invoices are made available;
• ithin the 10^th working day of the month m+1, GME notifies Market Participants of the balances between invoices payable and invoices receivable; 
• on the 15^th working day of the month m+1, net debtors make payments to GME;
• on the 16^th working day of the month m+1, GME makes payments to net creditor Market Participants.

• on the 1^st working day (g) of each week, GME notifies the net credit or debit balances pertaining to the payables/receivables accrued in the applicable periods included in the previous week;
• on the working day following the day g, net debtors make payments to GME in respect of the previous week;
• on the 2^nd working day following the day g, GME makes payments to net creditor Market Participants in respect of the previous week.

• in the Day-Ahead Market (MGP)/Adjustment Market (MA), the possible net payables that the Market Participant accrues during the payment cycle, increased by the possible payables accruing in the days for which payments have not yet been settled;
• for the MTE/PCE, the possible net payables arising from transactions with delivery periods belonging to the same week/day, increased by the possible net payables accruing in the weeks/days for which payments have not yet been settled.