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31.07.2018 13:41
ACER adopts a decision on the methodology to establish market coupling algorithms
AUTHOR: publics.bg


  • © Lorenzo Cafaro, pexels.com

In a press release yesterday, the Agency has announced that it has adopted a decision on the methodology to establish market coupling mechanisms.

The methodology covers the rules for development and maintenance of the price coupling algorithm for the day ahead timeframe and the continuous trading matching algorithm for intraday timeframe. It covers also the requirements that both algorithms must fulfil.

According to the press release, the methodology was originally developed by all NEMOs and submitted for approval to regulatory authorities. The case was later referred to the Agency. The Agency introduced many amendments to the proposal in order to improve its legal clarity, but also to impose more concrete and legally enforceable requirements on NEMOs with regard to their obligations to develop the algorithms and with regard to the underlying rules for monitoring and changing the algorithms.

According to the Agency the most notable amendments to the methodology are related to:
•    the improvements of the definitions and terms used;
•    the clarification of the management of the algorithm performance with regard to the products and requirements;
•    the introduction of explicit and shorter deadlines for the development of the algorithms;
•    the clarification of the concepts of maximising economic welfare, scalability and repeatability of the algorithms;
•    the transparency and monitoring of the performance of the algorithms by setting procedures, which require the NEMOs to publish various reports and information and to keep the algorithm performance within the required standards;
•    the change management and decision making processes to better reflect the cooperation of NEMOs with TSOs.
 


TAGS: ACER | methodology | decision | intraday | market 


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