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All NEMO Cooperation

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OTE, a.s., was appointed by the Czech Energy Regulatory Office as a Nominated Electricity Market Operator (NEMO) as a responsible entity for Day-ahead and Intraday market coupling processes on 7 October 2015. According to the Article 6 of the European Commission Regulation 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management (CACM Regulation), OTE, a.s., has fulfilled all the needed criterion and requirements.

Together with other European power exchanges that have been designated as NEMO, OTE works on meeting the obligations to develop and operate the European coupled day-ahead and intraday electricity market, especially through the organization of all NEMOs established to implement the requirements set in the CACM Regulation - the NEMO Committee.

More information available in Press release.

 

1/8/2018 Approval of the methodology according to the CACM Regulation

On 26 July 2018, the Agency for the Cooperation of Energy Regulators (ACER) approved in accordance with the CACM Regulation theMethodology for the price coupling algorithm and the continuous trading matching algorithm also incorporating a common set of requirements: Methodology for the price coupling algorithm and for the continuous trading matching algorithm.pdf, Common set of requirements for the price coupling algorithm.pdf, Common set of requirements for the continuous trading matching algorithm.pdf.

The methodology includes the rules for development and maintenance of the price coupling algorithm and the continuous trading matching algorithm. It also covers the requirements that both algorithms must meet.

The methodology was prepared and approved by the NEMO Committee and in cooperation with the relevant TSOs on the basis of the request for change NEMO received from all NRAs in August 2017. On 13 November 2017, NEMO submitted the amended proposal for approval in accordance with the requirements of the CACM Regulation. In the next step the proposal was submitted by all national regulators to the Agency for the Cooperation of Energy Regulators (ACER) in January 2018. Besides the amendments to improve the legal clarity of the document, the Agency 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.

 

 

19/2/2018 Approval of methodologies according to the CACM Regulation

On 19 February 2018, the Energy Regulatory Office (ERO) approved the following methodologies in accordance with the CACM Regulation:


The methodologies were prepared and approved by the NEMO Committee and in cooperation with the relevant TSOs on the basis of the request for change which was received by NEMOs in August 2017 from all national regulators.

Proposal for the price coupling algorithm and for the continuous trading matching algorithm, also incorporating TSOs’ and NEMOs’ proposals for a common set of requirements, was submitted by all national regulators to the Agency for the Cooperation of Energy Regulators (ACER).

 

23/11/2017 ACER decision on the nominated electricity market operators’ Proposal for harmonized maximum and minimum clearing prices for single day-ahead and intraday coupling

On November the 14th 2017, the Agency for the Cooperation of Energy Regulators (ACER) officially decided on the All NEMOs’ proposal for harmonized maximum and minimum clearing prices to be applied in all bidding zones which participate in single day-ahead and single intraday coupling (Harmonized Max-Min Price Proposal), in accordance with Art. 41(2) and Art. 54(2) of Commission Regulation 1222/2015 establishing a guideline on capacity allocation and congestion management (CACM Regulation) and on the process of their automatic modification in case of a relevant market situation.

The Harmonized Max-Min Price Proposal will be implemented immediately after the MCO function has been implemented in accordance with Article 7(3) of the CACM Regulation.

The documents approving the Proposal are available at ACER webpage including relevant Annexes.

 

14/11/2017 Submission of the revised Proposals for conditions or methodologies according to the CACM Regulation for approval

On Monday 13th November 2017 the NEMOs submitted revised Proposals on following conditions or methodologies in accordance with the requirements of the CACM (Capacity Allocation and Congestion Management) Regulation:

  • Proposal for products that can be taken into account by NEMOs in single day-ahead and intraday coupling,
  • Proposal for the price coupling algorithm and for the continuous trading matching algorithm, also incorporating TSO and NEMO proposals for a common set of requirements,
  • Proposal for the back-up methodology.

 

26/06/2017 MCO Plan Approval

The Energy Regulatory Office (the ERO) approved on 26 June 2017 a plan to jointly establish and perform the functions of the entity performing reconciliation for market coupling – the MCO plan. This step represents a significant milestone in creating a single electricity market.

The MCO plan establishes management and cooperation rules between NEMOs (the Nominated Electricity Market Operator), defines the relationship with third parties, and also describes the transition of existing initiatives of coupled day and intraday markets into a single coupled day and intraday market.

Approved version of the MCO Plan: MCO Plan.pdf

Creation of the MCO Plan and submitting it to National Regulatory Authorities represent meeting the requirements of the CACM Regulation (Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management).

NEMO Committee Press Release.pdf

OTE Press Release

 

14/2/2017 The submission of final proposals for terms and conditions or methodologies

In accordance with Article 9 of the Commission Regulation CACM, the Nominated Electricity Market Operators, where relevant in cooperation with the TSOs, on 14 February 2017 submitted to regulatory authorities the final proposals for terms and conditions or methodologies.

 

9/6/2016 “NEMO Committee” established; MCO Plan submitted

On 14 April 2016, the NEMO Committee, representing all 19 NEMOs from across Europe, submitted to 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 Day-ahead 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.