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09.06.2016 10:54:55

“NEMO Committee” established to manage joint responsibilities of NEMOs under CACM: MCO Plan submitted to NRAs

9 June 2016 | Europe’s electricity spot exchanges that have been designated as NEMOs (Nominated Electricity Market Operators) have established the “NEMO Committee” to take forward their joint responsibility to further develop and operate the European single day-ahead and intraday market coupling - as required under the CACM Regulation (Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management).

On 14 April 2016, the NEMO Committee, representing all 19 NEMOs from across Europe, submitted o National Regulatory Authorities (NRAs) and ACER the plan that specifies how to jointly set up and perform the Market Coupling Operator (MCO) function (the “MCO Plan”). The MCO Plan details the governance and cooperation rules among the NEMOs and outlines the relationship with third parties. The MCO Plan also defines the transition from the current dayahead and intraday market coupling initiatives to the single day-ahead and intraday market couplings that form the cornerstone of the European Target Model for Electricity. Over the coming months, the NRAs of the 26 involved EU Member States (all but Cyprus and Malta who currently are not part of market coupling due to their geographical situation) will review the proposal. Following the NRA approval of the MCO Plan, the NEMOs envisage a maximum of twelve months for its implementation.

Press release.pdf (1,10 MB)