Under article 3, para. 3.7 of the MTEE Rules, GME has issued this document to consult interested parties about some changes to the rules of operation of the MTEE. The proposed changes are aimed at:
i) introducing, among the matching criteria, the option for participants to specify to GME their “unacceptable counterparties”, i.e. counterparties with which/whom, during the market sessions, participants do not wish to trade;
ii) putting in place a new guarantee system, in lieu of the current mechanism based on the cash deposit, involving the total financial coverage of obligations that participants acquire in formulating their trading orders, also with a view to minimising the time needed to complete all market operations and to favouring, to the extent possible, the proper finalisation of post-market activities after the closing of transactions on the market.
Taking this opportunity, GME is also proposing to update some provisions of the MTEE Rules.
Interested parties are invited to submit their comments about the operational procedures described in the document and, in particular, to respond to the questions for consultation S.1 and S.2.
Please submit your comments in writing to GME - Legale e Regolazione (Legal & Regulatory Office), by 16 October 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 8012-4524
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 documents are to be kept confidential.
Download Consultation Document 6/2014