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Power exchanges - NEMOs - Electricity - Spot market - Market coupling - Capacity allocation - Congestion management - CACM

Our paper on electricity market coupling, the CACM regulation and the role of NEMOs is now published OGEL.

This paper assesses the manner in which the Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management ("CACM") alters the legal context within which power exchanges ("PXs") perform their activities regarding market coupling.

By submitting the cooperation among the newly introduced “NEMO”-entities (the “nominated electricity market operators”) that are made subject to a license obligation, and between these NEMOs and Transmission System Operators, regarding market coupling to a new set of rules, CACM affects the market coupling activities of PXs in different ways.

This paper in particular examines from the power exchanges perspective

(1) the need for the increased regulation introduced by CACM,

(2) how CACM affects PXs’ activities in the context of market coupling and

(3) whether CACM contributes to a better governance of market coupling.

You can access the contribution published in OGEL here.

See also:
Power exchanges, market coupling and the CACM-Regulation

For more information or questions, please contact R. Feltkamp & G. Hendrikx