Ljubljana, 7 May 2024
On 26 April 2024, ACER received a proposal from all Nominated Electricity Market Operators (NEMOs) to amend the single day-ahead coupling products methodology.
What is the methodology about?
The single day-ahead coupling (SDAC) products methodology is defined by the Capacity Allocation and Congestion Management (CACM) Regulation. The methodology lists all products that are eligible for inclusion within the EU single day-ahead coupling.
Why amend the methodology?
Every two years, all NEMOs are required to consult market participants, as well as all Transmission System Operators (TSOs) and regulatory authorities, to ensure that the current SDAC products available in the market:
- reflect the real needs of market participants;
- take due account of operational security; and
- comply with the objectives of the CACM Regulation.
If the consultation highlights the need to amend the list of products, NEMOs shall submit an amendment proposal to ACER, specifying which products should be included in the SDAC.
At the beginning of 2023, NEMOs initiated a new public consultation to assess the need to amend the latest version of the SDAC products methodology (approved by ACER in December 2020).
Following this process, NEMOs are now proposing an amendment of the SDAC products methodology to enable the implementation of the 15-minute Market Time Unit (MTU) products into the single day-ahead coupling, which is expected in January 2025. The amendment is deemed necessary to comply with the provisions of the EU Electricity Regulation, and to remove entry barriers for market participants trading 15-minute products. This will allow them to buy and sell electricity for each 15 minutes during the day, enhancing market flexibility.
What are the next steps?
ACER expects to decide on the amended methodology by September 2024.