The Market Coupling on the direct-current cable connection Swe-Pol Link
The results of the work connected with implementation of so-called “The 3rd Legislative Package” passed by the European Commission on the day of September the 19th 2007 within the scope of the electricity market are the following legal documents (among others):
- Regulation (EC) No 713/2009 of the European Parliament and of the Council dated on the day of July the 13th 2009 and establishing an Agency for the Cooperation of Energy Regulators (ACRE)
- Regulation (EC) No 714/2009 of the European Parliament and of the Council dated on the day of July the 13th 2009 and concerning conditions for access to the network for cross-border exchange of electricity and repealing the Regulation EC No 1228/2003
- Directive 2009/72/EC of the European Parliament and of the Council dated on the day of July the 13th 2009 and concerning common rules for the internal market in electricity and repealing Directive 2003/54/EC
The Florence Forum is a discussion forum brought into being by the European Commission in order to discuss the issues connected with creation of fully competitive, common, internal power market in the Member States of the European Union. The Florence Forum unites the representatives of: The European Commission, the governments of the EU Member States, national regulatory offices, transmission system operators, companies trading in electricity, users of electrical power grids as well as power exchanges. The most important decisions of two last meetings of the Florence Forum are as follows:
- The final draft of “The Regional Initiatives Study” has been accepted; the Study describes actions taken by the energy regulatory offices (ERGEG) within the scope of integration of the European electricity market along with specification of future actions,
- The target model of the European electricity market has been accepted, along with the road map for implementation of the common market – connected by Market Coupling mechanism – in all Member States of the European Union till the year of 2015,
- The proposal concerning conducting of further work related to development of common European market of electricity has been accepted; at the same time three implementation projects has been specified:
- “The European concept for determination of the cross-border transmission capacities”
- “The target model of the intraday market”
- “Outline assumptions for the market coupling mechanism with reference to the day ahead markets” being the grounds for implementation of common European mechanism of market coupling between individual Member States of the European Union till, the year of 201
Within the framework of so-called “Nordic Regional Initiative”, brought into being by the ERGEG and encompassing the following countries: Poland, Germany, Denmark, Sweden, Finland and Norway, the project of making the transmission capacities on the direct-current cross-border connection between Poland and Sweden available has been agreed upon; the project is based on the “market coupling” mechanism, that means the “implicit” type auction on the day ahead markets of the exchanges: NordPool Spot and POLPX. The solution as above is fully consistent with the Regulation (EC) No 714/2009 of the European Parliament and of the European Council dated on the day of July the 13th 2009 and it has obtained approval of the power regulatory bodies in Sweden and in Poland.
Within the framework of the solution adopted the Scandinavian power exchange NodrPool Spot shall be responsible for balancing of the Polish market. The agreement concluded between the PSE-Operator and the POLPX shall be the grounds (on Polish side) for the power allocation within the framework of “implicit” type auctions.