2 Μαρτίου 2007

 

R.A.E. ANNOUNCEMENT

 

On occasion of RAE Decision n. 50/2007 regarding a) amendments to the 2007 North Interconnection Capacity Auction Rules and b) implementation details of the Grid & Power Exchange Code with respect to selection rules among Energy Offers for imports and Load Declarations for exports (modification of RAE Decision n. O-12271/6-12-2005), RAE deems useful to highlight the following as regards interconnection access for imports and exports:

AInterconnection access rights for imports and exports are defined for each market participant type pursuant to the provisions of Article 312 of the Grid & Power Exchange Code. In the same article of the Code, it is stipulated that imports and exports are affected subject to their inclusion in the Day Ahead Schedule on the basis of Energy Offers for imports and Load Declarations for exports. Until the Third Reference Day established in the Code, only Energy Offers for import include an energy price, whereas Load Declarations for exports are Non-Priced.

B.   In order to use the interconnections, every market participant has the right to reserve interconnection transfer capacity in the long term, pursuant to the provisions of Article 313 of the Grid & Power Exchange Code. During year 2007, interconnection transfer capacity is reserved on long term basis (annually and monthly) an on short term basis (daily) by means of explicit capacity auctions, in accordance with the Interconnection Capacity Auction Rules approved by RAE (Decisions 303/2006 and 323/2006).

C.   The reservation of interconnection capacity, either on a long or on a short term basis, is no prerequisite for accessing the interconnections to perform imports and/or exports. Every market participant, depending on his access rights to interconnections in accordance with Article 312 of the Code, may submit Energy Offers for imports and/or Load Declarations for exports in the context of the Day Ahead Schedule, regardless of any prior reservation of interconnection capacity he may have made. Energy Offers for imports and Load Declarations for exports may be submitted according to the time schedule established in the Grid & Power Exchange Code, regardless of whether, based on the nomination of long term rights and/or the results of short term allocation, it is estimated that there remains any capacity available.

DSince Energy Offers for imports include an energy price, it may occur that an Energy Offer submitted by a market participant with long or short term capacity reservation is surpassed by an Energy Offer, for which no capacity reservation exists, in case the former Energy Offer is made at a higher energy price. Rules for selecting among equally priced Energy Offers for imports were established in RAE Decision n. O-12271/6-12-2005 (paragraph 3). The relevant provisions of this decision are replaced in accordance with RAE Decision n. 50/2007. After the Third Reference Day, similar selection rules apply also to Load Declarations for exports.