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TSOs and NEMOs enhance cooperation around market coupling in the day-ahead and intraday timeframe

Both Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) announced the implementation of a new governance structure following the incessant work over the last years to achieve a truly integrated European electricity market.

By integrating the decision making for both the day-ahead and intraday timeframe, the new structure will ensure further coordination, foster efficiency and create a faster decision-making mechanism.

Rafael Gómez-Elvira González, Chairman of the All NEMO Committee and Kjell A. Barmsnes, Chairman of All TSOs via the ENTSO-E [the European Network of Transmission System Operators] Market Committee, highlighted that, for the energy sector, times are rapidly changing and NEMOs and TSOs are mindful of their role in achieving a fully integrated European electricity market.

“The Green Deal, a higher penetration of RES and more proactive consumers and market participants, means that the NEMOs and TSOs felt the need to act now to provide improved governance, operational developments and greater collaboration with all stakeholders,” reads their statement.

In light of ACER´s [Agency for the Cooperation of Energy Regulators] recommendation to amend the Capacity Allocation and Congestion Management (CACM) all NEMOs and TSOs have presented, over the last year, a joint advocacy paper showing the concrete steps they are taking in order to help the already well-functioning European internal energy market meet new needs and improve and adapt to new changing times.

In particular, they have decided to go beyond advocacy and to start implementing, on a voluntary basis, some of the most relevant building blocks of their proposals for the CACM review: a joint Qualified Majority Vote, which will speed up decision making and avoid escalation to authorities; and the creation of a Consultative Group with stakeholders. Other building blocks of NEMOs’ and TSOs’ proposals will be implemented by the end of the year in particular with respect to organisation and operations as well as planning activities in order to give more visibility, speed and certainty about next developments.

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